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A MESSAGE FROM JULIA HILL, CHAIR OF THE BOARD
AND ROBERT M. GRIFFIN, PRESIDENT AND CEO
Applying insight and innovation to achieve results
Our world is constantly changing - erupting in new challenges, promising opportunities and difficult choices. At CSA Group, our purpose is to help make sense of our surroundings and to help bring order to our world, by making standards work for people and business. In so doing, we influence outcomes in health and safety, our global economy, the environment, and our quality of life.
With the knowledge and insight of members, clients and employees, we can critically assess the world around us and help effect positive change in unique ways. This year's report documents the many innovations we achieved in 2007-2008 on behalf of our constituents.
Through insight and innovation, we met an increasing demand for our services and continued to grow the organization. We are pleased that CSA Group revenues increased by 10.5% (17.4% at constant exchange rate).
AND ROBERT M. GRIFFIN, PRESIDENT AND CEO
Applying insight and innovation to achieve results
Our world is constantly changing - erupting in new challenges, promising opportunities and difficult choices. At CSA Group, our purpose is to help make sense of our surroundings and to help bring order to our world, by making standards work for people and business. In so doing, we influence outcomes in health and safety, our global economy, the environment, and our quality of life.
With the knowledge and insight of members, clients and employees, we can critically assess the world around us and help effect positive change in unique ways. This year's report documents the many innovations we achieved in 2007-2008 on behalf of our constituents.
Through insight and innovation, we met an increasing demand for our services and continued to grow the organization. We are pleased that CSA Group revenues increased by 10.5% (17.4% at constant exchange rate).
Choices for
our business
our business
As the fiscal year drew to a close, we announced the sale of our QMI division to SAI Global, for $40 million (CDN). The auditing and management systems registration business has changed substantially in recent years through the emergence of several large global players, and many had expressed interest in QMI as a way to develop their business in the North American market. CSA Group's Board of Directors felt that QMI would have the best opportunity for growth and development by being part of a large global registrar. With the sale to SAI Global, a seamless transition is anticipated for QMI clients and employees.
CSA Group intends to use the proceeds of the sale to further standards development and to continue to provide sustainable funding through which to fulfill CSA Group's purpose of making standards work for people and business. The Canadian Standards Association remains committed to the development of management systems standards and its work in administering international secretariats in this area.
CSA Group intends to use the proceeds of the sale to further standards development and to continue to provide sustainable funding through which to fulfill CSA Group's purpose of making standards work for people and business. The Canadian Standards Association remains committed to the development of management systems standards and its work in administering international secretariats in this area.
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