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Synovis
Life Technologies, Inc. Added to KLD's Domini 400
Socialsm Index
BOSTON,
MA - October 1, 2003 - KLD Research & Analytics,
Inc., an independent research firm, announced today
that Synovis Life Technologies, Inc. (SYNO) has
been added to KLD's Domini 400 Socialsm
Index (DS 400 Index). Synovis Life Technologies,
Inc. is headquartered in St. Paul, Minnesota.
Synovis
Life Technologies, Inc. develops, manufacturers
and markets surgical devices such as implantable
biomaterial products and products used in microsurgery.
The company's interventional business develops,
manufactures, and markets micro wire forms and polymer
components used in cardiac rhythm management and
neurostimulation devices.
Reasons the company was added to KLD's DS 400
Index
- CEO
Karen Gilles Larson is widely credited with the
successful turnaround of the company. In 1989
Ms. Larson started her career with the company
as director of finance and administration. The
company named Ms. Larson CEO in July 1997.
-
Two women, Ms. Larson and Connie Magnuson, serve
among the company's four senior line executives.
Ms. Magnuson, who is the company's chief financial
officer, has served with Synovis Life Technologies
since 1997.
-
Ms. Larson's salary is notably low for the healthcare
industry. In addition, senior executives receive
the same benefits as all other employees, a policy
not usually found in the industry. She has stated
that the company is built around a value set,
not an individual. Interviews and portraits of
Ms. Larson published in 2002 and 2003 emphasized
her egalitarian values and ability to encourage
a diverse workforce to pull in the same direction.
One of the strategic changes she implemented was
to eliminate hierarchical communication and establish
an open-door policy.
About the KLD Family of Indexes
KLD's Domini 400 SocialSM Index (DS 400
Index) is the established benchmark for measuring
the impact of social screening on financial performance.
Launched in May 1990, the DS 400 Index is the first
benchmark for equity portfolios subject to multiple
social screens. The index consists of 400 diversified
equities that pass a broad range of social screening
criteria. The KLD Broad Market Socialsm
Index (KLD BMS Index) is the screened subset of
the Russell 3000® Index,
and the KLD Large Cap Socialsm Index
(KLD LCS Index) is the screened subset of the Russell
1000® Index. The KLD BMS
and LCS Indexes were launched on January 1, 2001.
About KLD Research & Analytics, Inc.
KLD Research & Analytics, Inc. is an independent
research firm providing investment management tools
that are used by professionals to serve clients
who require investment strategies based on social
responsibility, responsive governance and corporate
integrity. KLD products and services, including
Socrates (a web-based, company research tool)
are used for screening, compliance and asset gathering.
For
more information about KLD or the KLD Domini 400
Social Index, please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270)
or via e-mail (kagredo@kld.com).
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