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Vidyard Reorders Stakeholder List, Ranks 'Community' Above 'Investors' in Bold Move for TechKITCHENER, Ontario, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Vidyard, the leading video platform for business, has prioritized the company’s commitment to Community as a key stakeholder. By reordering their stakeholder list, and ranking “Community” above “Investors,” Vidyard makes a bold move for a technology company. Vidyard hopes to inspire similar organizations to build programming and initiatives to support their local communities and to do so in a way that is core to the way they do business. Vidyard Stakeholder List: “Community is one of Vidyard’s top priority stakeholders, alongside its Customers, Employees, and Investors-- and Vidyard’s board is on board. Shifting the order of our stakeholder list may seem like an unconventional idea, but it’s an idea that works well for us and our employees,” says Michael Litt, CEO and Co-Founder of Vidyard. “When we publicly reordered our shareholders this way, we took a stance that above all, Community counts. Our board agreed.”
Vidyard Pledges 1% Commitment to its Community and Beyond Vidyard is part of the Pledge 1% program, an easy way for companies to leverage a portion of their future success to support nonprofits in their community. As a recognized member, Vidyard has committed to donating at least 1% of the company’s time, product, resourcing and space to supporting non-profits in the region. It’s a small commitment today that can make a huge impact tomorrow. “Community Giving” as a Defining Part of Vidyard Culture Volunteering is one of the simplest and most cost-effective ways to give back to a local community while showcasing corporate values through the simple act of giving time. Volunteering also introduces and educates employees about local charities, not-for-profit organizations, and volunteer opportunities in their own backyards. Simply spreading the word on who needs help most industriously pursued our staff to get out and volunteer on their own time. For example, on #GivingTuesday, a national day of giving that took place on November 24th, Vidyard launched its annual Food Drive. Once a year, the entire company is divided into teams, and each competes to collect the most non-perishable food items and funds for The Food Bank of Waterloo Region. Competition aside, employees look forward to this each holiday. This year, Vidyard even added an extra annual challenge by including key items that are in high-demand in the region; socks and winter coats. Employees will be donating these items to The Working Centre, a non-profit, community-based, venture that provides access to tools and opportunities to build community projects in the region. “We constantly hear from our job seekers and employees that they’re focused on finding work within companies that offer them the opportunity to make meaningful contributions alongside passionate people,” says Lisa Brown, Vidyard’s VP of Talent. “The company had already been participating in many activities internally through various grassroots initiatives.” Vidyard will continue to prioritize giving back through weekly volunteering, mentorship programming through local STEAM/STEM initiatives, blood drives, large-scale company-wide events, and even Plugin, community events that bring together young professionals in fun and unconventional ways to connect, build and maintain our community. More Information:
About Vidyard Media Contact: A photo accompanying this announcement is available at //www.globenewswire.com/NewsRoom/AttachmentNg/865f2f06-091c-4c79-92d1-1e16795d328f |