NEW YORK, March 20, 2013 - Corpedia and Corporate Board Member, NYSE Euronext (NYX) companies, and Marsh announced today that they have entered into a strategic alliance to provide directors and officers with enhanced governance, risk and compliance resources.
The alliance combines Corpedia's expertise in governance, risk and compliance education and advisory services, and Corporate Board Member's expertise in providing senior officers and directors with governance and compliance resources, with Marsh's directors and officers liability (D&O) expertise, powerful analytical platform, and claims advocacy support. Together, they will provide directors and officers with unrivaled advisory services and resources they need to make informed decisions on compliance-related trends and issues.
In the first of what will be several new joint offerings, the organizations have launched the Board Compliance Oversight and Governance Diagnostic. The diagnostic assists companies in benchmarking their current board programs to those of their peers and provides insight into ways they can improve governance processes and mitigate risk.
Commenting on the alliance, David Bidmead, U.S. CEO of Marsh said, "One of the greatest risks companies face today is the evolving scope and complexity of regulatory reform, which creates a great degree of uncertainty from a D&O liability standpoint. Through our alliance with Corpedia, we will give companies and their directors and officers the tools they need to better understand the increasingly challenging regulatory framework in which they operate and ensure that they are conversant and compliant."
Corpedia President Tim Erblich stated, "Board members are increasingly aware of and interested in compliance issues as a result of high-profile compliance failures covered regularly in the news and increased interest from regulators, investors, and insurers. We are excited about the prospects of enhancing our board and director advisory services and expanding our benchmarking not only to our network of NYSE Euronext companies, but to any public or private company board that is striving to improve its governance and effectiveness."
For more information about the Board Compliance Oversight and Governance Diagnostic or to request the complimentary diagnostic, go to www.corpedia.com.
Corpedia, an NYSE Euronext Company, offers a variety of innovative and user-friendly compliance and ethics solutions. Developed by experts with years of experience and industry insight, Corpedia's diverse product lines identify and quantify key risks while also providing actionable tools for mitigating and preventing compliance breakdowns. Ranging from e-learning courses that reinforce key concepts through engaging interactions to advisory services that provide insight into compliance best practices, Corpedia's solutions can be tailored to fit each organization. www.corpedia.com.
About Corporate Board Member
Corporate Board Member, an NYSE Euronext company, is the leading information and education resource for senior officers and directors of publicly traded corporations, large private companies, and Global 1000 firms. The quarterly publication, Corporate Board Member magazine, provides readers with decision-making tools to deal with the strategic and corporate governance challenges confronting their boards. Corporate Board Member further extends its governance leadership through an online resource center, conferences, roundtables, and timely research. The magazine maintains the most comprehensive, up-to-date database of directors and officers serving on boards of publicly traded companies listed with NYSE Euronext and The NASDAQ OMX Group Inc stock exchanges. www.boardmember.com.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets?the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca?represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity, and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: www.nyx.com.
Marsh, a global leader in insurance broking and risk management, teams with its clients to define, design and deliver innovative industry-specific solutions that help them protect their future and thrive. It has approximately 26,000 colleagues who collaborate to provide advice and transactional capabilities to clients in more than 100 countries. Marsh is a wholly-owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With more than 53,000 employees worldwide and annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in talent, health, retirement and investment consulting; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @Marsh_Inc.