NYSE Euronext Acquires Corporate Board Member

Published on Wednesday, 01 September 2010 09:21 Written by TradersHuddle Staff

NEW YORK & NASHVILLE, Tenn.-( Business Wire )-

NYSE Euronext (NYX) announced today that it has acquired Corporate Board Member, publisher of Corporate Board Member magazine and a leading provider of interactive education and thought leadership for directors and executive officers of publicly traded companies. The new subsidiary will operate as Corporate Board Member, an NYSE Euronext company, with current CEO T. K. Kerstetter serving as its president.

Reaching a community of more than 43,000 directors and C-suite officers, the acquisition of Corporate Board Member advances NYSE Euronext’s goal of expanding its board education capabilities to public companies around the world.

“Built on the strength of its expert team and outstanding corporate governance and board expertise, Corporate Board Member is one of the leading brands in today’s boardrooms,” said Duncan Niederauer, Chief Executive Officer, NYSE Euronext. “We look forward to not only enhancing our education capabilities to our network of NYSE Euronext companies, but to any public or private company board that is striving to improve its governance and effectiveness.”

Delivering innovative products and superior services to clients globally is a prime objective of NYSE Euronext, and Corporate Board Member will play a prominent role in helping to develop and distribute educational programs to meet that objective for directors and C-suite officers.

“The past decade has seen a tremendous increase in the demands placed on corporate directors,” said Scott Cutler, Executive Vice President and Co-Head of U.S. Listing and Cash Execution, NYSE Euronext. “We have taken positive steps over the last several years toward improving our reach to corporate boardrooms, and this addition to the NYSE Euronext family of companies builds on that strategy and our commitment to the issuer community.”

Over the past seven years, Corporate Board Member and NYSE Euronext have collaborated on several initiatives, including the Annual Boardroom Summit conference and the Board Committee Peer Exchanges. In 2009, NYSE Euronext and Corporate Board Member premiered “This Week in the Boardroom,” a weekly on-demand web program covering strategic, regulatory, and governance issues. Based on the success of this effort, there are currently plans to introduce new programs and content critical to director education.

“While it’s hard to imagine a better platform than NYSE Euronext for Corporate Board Member to expand its conference and web programs, the aspect that has most impressed us is the company’s commitment to furthering innovative programs for directors, general counsel and C-suite officers,” said T.K. Kerstetter. “Along with its quarterly magazine, Corporate Board Member will continue offering interactive education and facilitating peer experiences—programs our readers, viewers, and attendees have told us they value most.”

The transaction includes substantially all of the Corporate Board Member assets of Board Member Inc., including Corporate Board Member magazine, Boardmember.com, and the Director’s Database, as well as its interactive research, conference, and educational services. Bank Director magazine, also published by Board Member Inc., is not included in the sale.

For more insight on the transaction from Messrs. Cutler and Kerstetter, please go to the video overview at: http://www.nyse.com/about/Video/1283249448896.html.

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 Amex, 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 Euro next is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.

About Corporate Board Member

Corporate Board Member is the leading information resource for senior officers and directors of publicly traded corporations, large private companies, and Global 1000 firms. The quarterly publication provides readers with decision-making tools to deal with the 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, NYSE AMEX and The NASDAQ OMX Group Inc stock exchanges. www.boardmember.com.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2009 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 22, 2010 under No. D.10-0304), 2009 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.

NYSE EuronextRich Adamonis, 212-656-2140Radamonis@nyx.comChristiaan Brakman, 212-656-2094cbrakman@nyx.comorCorporate Board MemberStephanie Clark, 615-309-3200 This e-mail address is being protected from spambots. You need JavaScript enabled to view it.