FOR IMMEDIATE RELEASE
Contacts: Jeff Agnew 202-828-9100  Peter Johnson 301-214-9113

Local Scout Council honors Financial Services Leader at “Good Scout” Award Dinner

WASHINGTON, DC (November 4, 2010) — The Chairman of the Capital Research and Management Company, Paul G. Haaga, Jr., was recognized last night by the National Capital Area Council (NCAC), Boy Scouts of America (BSA) as the 2010 Financial Services “Good Scout” Award recipient. A dinner was held to honor him last evening at the Mayflower Renaissance in Washington, DC.

While accepting the award, Mr. Haaga commented, “It is an honor to receive the Financial Services “Good Scout” award. The National Capital Area Council is a tremendous organization and I salute them for their positive contributions to our region’s youth.”

Annually the Financial Services “Good Scout” Award recognizes a noteworthy leader who represents the values of the Scout Oath and Law and has advanced the financial services industry through his/her service in government or the private sector. In addition to being the Chairman of the Capital Research and Management Company, Paul Haaga is also Chairman of Capital International Fund. Capital Research and Management Company is the sponsor of the American Funds, founded in 1931 with assets in excess of $1 trillion. Paul also serves as President of the Board of the Natural History Museum of Los Angeles County, Chairman of the Board of Overseers of the University of Pennsylvania Law School, Trustee of Huntington Library Gardens and Art Collections and of the Princeton Rugby Endowment. Paul coached 30 youth soccer and basketball teams for his children Paul III and Blythe, both of whom were Scouts.

“We are pleased to honor Paul Haaga for his steadfast leadership within the financial services industry and proud to recognize his contributions at this year’s 'Good Scout' dinner,” said Scout Executive Les Baron. “Paul’s dedication to Scouting’s core values is reflected in his daily life and work.”

Paul Schott Stevens, President & CEO, Investment Company Institute and Paul Huey-Burns, Esq., Partner, Bryan Cave LLP served as the co-chairmen of this year’s dinner.

In addition to recognizing the honoree’s contributions to his community and his importance as a role model to local youth, this event continued the celebration of the 100^th Anniversary of BSA. This benefit dinner will support the outreach programs of NCAC-BSA, which serves 67,735 youth in the in the Greater Washington DC Metro area, Southern Maryland, and Northern Virginia.

With the support of more than 1.1 million volunteers and 127,119 community–based organizations, the Boy Scouts of America provides educational programs for 2.8 million young people in building character, developing leadership capabilities, training in the responsibilities of active citizenship, and developing personal fitness. The National Capital Area Council (NCAC) was organized in 1911 and today stands as one of the oldest and largest councils in America. The council territory includes the District of Columbia; Frederick, Montgomery, Prince George’s, Calvert, Charles, and St. Mary’s counties in Maryland; and in Virginia the counties of Arlington, Fairfax, Prince William, Loudoun, Fauquier, Spotsylvania, Caroline, King George, Stafford and Culpeper as well as the independent cities of Alexandria, Falls Church, Fairfax, Manassas, Manassas Park and Fredericksburg. As 2009 drew to a close, traditional membership totaled 50,087 youth - plus another 17,648 youth enrolled in Learning for Life - for a total youth membership of 67,735. The coveted rank of Eagle Scout was attained by 1,220 Scouts last year while 23,559 adult volunteers are registered this year to provide leadership for 1,717 traditional units (packs, troops, teams, crews, ships), 35 Learning for Life programs and 64 Explorer posts.

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