Vidyard Reorders Stakeholder List, Ranks ‘Community’ Above ‘Investors’ in Bold Move for Tech

Vidyard Reorders Stakeholder List, Ranks ‘Community’ Above ‘Investors’ in Bold Move for Tech

Throughout 2018, Vidyard solidified community engagement programming and community initiatives, contributing to the building of a “give back” strategy that inspires others – and it’s all backed by Vidyard’s board of directors KITCHENER, Ontario – December 14, 2018 – 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 Stakeholder List: 1. Employees 3. Community 4. Investors “Community is one of Vidyard’s top priority stakeholders, alongside its Customers, Employees, and Investors– and Vidyard’s board is on board. Supported 14 local charities, including Big Brothers Big Sisters of Canada, House of Friendship, Kitchener-Waterloo Art Gallery, Kitchener-Waterloo Multicultural Centre, Sustainable Waterloo Region, KidsAbility Centre for Child Development, Carizon Family And Community Services, Canadian Blood Services, Reception House Waterloo Region, Community Support Connections, Grand River Hospital, Kitchener Public Library, Child Witness Centre, Extend-A-Family Waterloo Region, and YWCA Kitchener-Waterloo. Volunteering also introduces and educates employees about local charities, not-for-profit organizations, and volunteer opportunities in their own backyards. 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. 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.

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Throughout 2018, Vidyard solidified community engagement programming and community initiatives, contributing to the building of a “give back” strategy that inspires others – and it’s all backed by Vidyard’s board of directors

KITCHENER, Ontario – December 14, 2018Vidyard, 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:
1. Customers
2. Employees
3. Community
4. Investors

“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.”

Throughout 2018, Vidyard staff and leadership teams all got involved:

  • Served more than 1750 meals to the House of Friendship, a Kitchener-based organization that provides support services for those dealing with poverty, hunger, homelessness, and addiction.
  • Logged more than 600+ volunteer hours at the House of Friendship, as well as through outreach programming with LAUNCH Waterloo, THEMUSEUM, Catalyst at the University of Waterloo, and others.
  • Supported 14 local charities, including Big Brothers Big Sisters of Canada, House of Friendship, Kitchener-Waterloo Art Gallery, Kitchener-Waterloo Multicultural Centre, Sustainable Waterloo Region, KidsAbility Centre for Child Development, Carizon Family And Community Services, Canadian Blood Services, Reception House Waterloo Region, Community Support Connections, Grand River Hospital, Kitchener Public Library, Child Witness Centre, Extend-A-Family Waterloo Region, and YWCA Kitchener-Waterloo.
    Hosted 10 community-focused events, including programming to support LGBTQ+ in Technology, True North, Velocity, Making Space, Big Brothers Big Sisters of Canada Night, University of Guelph – English as a Second Language, Ladies Learning Code and others.
  • Generated $15,000 in community donations, including gifts to support organizations involved in building a flourishing local arts and culture, developing entrepreneurship and leadership programming, aiding healthcare and wellness, and community development.
  • Hosted 5 Plugin events, including “Canada”, supporting the Child Witness Centre, “Fatal Friday”, supporting Extend-A-Family Waterloo Region, “Chill”, supporting YWCA Kitchener-Waterloo,…

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