WASHINGTON, June 3 /PRNewswire/ -- The National Association of Corporate Directors (NACD), the leading organization dedicated to exemplary board leadership, today announced the intent to acquire the assets of Directorship LLC which include NACD Directorship Magazine, www.directorship.com, the Global Boardroom Forum and the Directorship 100 Forum – media properties celebrating the most influential people in the boardroom and board governance. The transaction is expected to be completed by the end of June 2010. Terms of the deal were not disclosed.
"As the current environment is rapidly changing and expanding the needs of directors, the new combined organization will enable us to better leverage our intellectual capital and extend our service leadership position with our members, business partners and stakeholders," said Ken Daly, President & CEO, NACD. "NACD is dedicated to improving our members' knowledge, skills and performance. Bringing together our resources with Directorship's, will further extend NACD's position as the Voice of the Director."
"We at Directorship are excited about our future with NACD as one organization in which leading board directors can more easily access the widest range of resources in the areas of director education, corporate governance news, and boardroom research. The combination will clearly enhance NACD's role as the go-to partner for directors seeking to build a more dynamic board culture and drive efficiency and effectiveness in the boardroom," said Jeffrey M. Cunningham, CEO, Directorship. In the new organization, Jeff Cunningham is to become a managing director and senior advisor to Ken Daly, President & CEO, NACD.
The National Association of Corporate Directors (NACD) is the only membership organization delivering the information and insights that corporate board members need to confidently navigate complex business challenges and enhance shareowner value. With more than 10,000 members, NACD advances exemplary board leadership. NACD is focused on creating more effective and efficient boards through director-led education and peer forums to share ideas and leading practices based on more than 30 years of primary research. Fostering collaboration among directors and governance stakeholders, NACD is shaping the future of board leadership. To learn more about NACD, visit www.NACDonline.org.
Directorship LLC provides corporate governance news, research, and boardroom intelligence for directors of public companies. We produce the most visited corporate governance website, www.directorship.com, and publish NACD Directorship magazine, the official publication of the National Association of Corporate Directors. In addition, Directorship produces director conferences, peer-exchange programs, newsletters and webcasts. For more information about Directorship, please visit www.directorship.com.
SOURCE National Association of Corporate Directors