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Corporate Responsibility of the New York Stock Exchange

In its official publications, the NYSE is involved in some worthwhile programs to strengthen corporate citizenship and intelligent investing. The basic thrust of the NYSE's sense of corporate responsibility is that capitalism is not the cause of poverty; ignorance of the system is. Thus, the NYSE has funded several overlapping programs that seek to bring the capitalist system straight to the poor through mobilizing volunteers, direct aid, and the development of the entrepreneurial spirit among at-risk youths.

    Structure

  1. The NYSE corporate responsibility idea can be summed up in their Four Points: sustainable business through innovation, top practice performance, close dialogue with investors and socially responsible investing. These points provide the NYSE's approach to corporate responsibility. In this case, the programs of the NYSE's charitable giving derive from the interests and wants of the investors themselves. While the bulk of the NYSE's programming is to provide assistance to the poor in terms of education, it also seeks to support the small investor through constant communication.
  2. NYSE Charitable Programs

  3. The Euronext part of the NYSE finances several programs that promote both education and financial well being to communities around the globe. A couple of examples include farmers markets in poor areas and a coordination of volunteer programs that teach fundamental economic and financial literacy to at-risk youth. In general, the NYSE likes the idea of a continuing education program dealing with financial matters aimed at poor and struggling young people, and these sorts of programs get the majority of NYSE funds through its project HOPE.
  4. NYSE Foundation

  5. Another part of the charitable work of the NYSE is within its NYSE Foundation. The foundation, founded in 1983, specializes in economic education as well as a few initiatives to bring direct aid to poor areas worldwide. Its primary mission is to promote economic literacy--the flagship approach to socially responsible work that the NYSE represents. In other words, the basic idea is that only through education in the ways of money, economics and finance can the poor begin to bring themselves out of poverty.
  6. The Work of the Foundation

  7. The NYSE Foundation specializes in programs that come under four headings: financial literacy, economic opportunity through direct aid, entrepreneurship education and finally, early intervention programs for at-risk youths. Unsolicited grant proposals are not accepted, but the board directs money to proven organizations and firms.
  8. Other Programs

  9. The NYSE provides small loans and grants to start-up industries, especially targeting poorer areas of the U.S. as well as the Third World. While these industries and investments are developing, the NYSE provides charitable grants for medical care and basic literacy to the poor, including America's homeless. Thus, loans and small grants are disbursed along with supporting programs and basic economic training to budding entrepreneurs in marginalized communities worldwide.

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