Chicago, IL (PRWEB) February 24, 2014
OCC announced today its Board of Directors has become a Full Board Member of the National Association of Corporate Directors (NACD). This NACD membership demonstrates OCC’s commitment to the highest standards of corporate governance and board leadership.
Joining this diverse director community—with companies ranging from some of the biggest corporations to private entities and nonprofit organizations—OCC’s Board has increased its access to resources, and has the opportunity to gain proprietary insights about current and emerging governance issues. The Board also will be able to participate in NACD’s world-class director education programs.
“We are honored to join the distinguished group of directors who comprise NACD’s membership,” said Craig Donohue, OCC Executive Chairman. “As we continually strive to achieve the highest standards in boardroom leadership, OCC’s NACD membership will help us to improve our processes and add the resources, insights and connections to enhance our Board’s outstanding professionalism.”
NACD speaks on behalf of its members with regulators, institutional investors, and influential stakeholders, such as the Securities and Exchange Commission and the U.S. Chamber of Commerce, among others, on matters of crucial importance to directors.
“By joining NACD, OCC is poised to enhance the skills of its directors and to prepare the boardroom for future challenges,” said Ken Daly, President and CEO of NACD. “NACD is privileged to serve as OCC’s source for leading governance practices.”
OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 17 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions. More information about OCC is available at http://www.theocc.com.