March 21, 2003

Corporate Governance Conference at The Anderson School at UCLA Becomes Accredited by Institutional Shareholder Services

LOS ANGELES — The Corporate Governance Conference at The Anderson School at UCLA has recently become accredited by Institutional Shareholder Services (ISS), the leading provider of proxy voting and corporate governance services. As a result, directors who participate in the conference can now improve his or her company's governance profile.

The Corporate Governance Conference, part of The Anderson School's Harold Price Center for Entrepreneurial Studies, is holding its sixth annual conference on March 25th and 26th, 2003, at The Anderson School at UCLA. The program includes the Nasdaq Networking Dinner on the 25th and a one-day conference on the 26th, featuring 20 expert presenters who will rapidly educate officer and director-level attendees on the
best practices and emerging trends in corporate governance. This conference is co-sponsored by the Nasdaq Stock Market and the National Venture Capital Association.

"We are very pleased that ISS has chosen to recognize the educational benefit of our conference for corporate directors," said Dr. Duke K. Bristow, an economist in the Harold Price Center for Entrepreneurial Studies and chairman of the Corporate Governance Conference. "The Sarbanes-Oxley Act has added to the challenges facing America's boardrooms at a critical time, just when the economy is fighting back from recession. How directors deal with these new laws and regulations, amid their other challenges, will impact employment growth, the rate of the U.S. economic recovery and shareholder returns. Our conference will help directors quickly learn the new best practices, what is working and not working, in response to these new constraints. It is most gratifying to have the support of ISS."

To best evaluate a company's governance structure, ISS has developed an innovative measure called a Corporate Governance Quotient (CGQ™) to assist institutional investors in evaluating the quality of corporate boards and the impact their governance practices may have on performance. Participating in director education programs, like The Anderson School's program, can positively affect a company's CGQ. "At Institutional Shareholder Services, we believe that the best boards include directors who take continuing education seriously, and leverage programs like this one at UCLA's to improve their effectiveness in the boardroom," said Jamie Heard, ISS's Chief Executive Officer. "We are happy to be involved with the Anderson School and we encourage directors to attend this and other governance programs."

The Corporate Governance Conference at The Anderson School was developed for directors and executive officers of private and public companies that strive for best practices in the current corporate governance environment. This program benefits venture partners, and others who advise and work closely with boards, and also attracts pension managers, regulators, entrepreneurs, accountants, lawyers and business and law school students. The conference is supported in part by a generous gift of Andrew G. Galef, Chairman of the Spectrum Group, Inc., the Galef Institute and a member of The Anderson School's Board of Visitors. The Corporate Governance Conference is named a Galef Symposium again this year in his honor.

This year's conference features experts including: Alfred R. Berkeley, III, vice chairman, The Nasdaq Stock Market, Jamie Heard, CEO, Institutional Shareholder Services, James Daly, associate director, Securities and Exchange Commission, B. Kenneth West, chairman, National Association of Corporate Directors, board member of Motorola, Inc. and senior corporate governance advisor to TIAA-CREF, John S. Taylor, vice president of research, National Venture Capital Association, Daniel J. Tyukody, partner, Clifford Chance US LLP, Sharon L. Allen, chairman, US Board of Deloitte & Touche, Kent V. Graham, partner, O'Melveny & Myers LLP, Leo Spiegel, general partner, Mission Ventures, Alfred E. Osborne, Jr., Ph.D., director, Harold Price Center for Entrepreneurial Studies and associate professor, Global Economics and Management.

For additional information on the Sixth Annual Corporate Governance Conference: a Galef Symposium, please visit http://www.directors.org.

About the Institutional Shareholder Services
Institutional Shareholder Services is the world's leading provider of proxy voting and corporate governance services. Located in Rockville, Maryland, ISS provides proxy research, voting recommendations and corporate governance advisory services to financial institutions worldwide. Founded in 1985, ISS has satellite offices in New York, Chicago, London, Toronto, Manila, and Tokyo. For more information, visit http://www.issproxy.com.

About The Anderson School at UCLA
The Anderson School at UCLA is perennially ranked among the top-tier business schools in the world. Award winning faculty renowned for their research and teaching, highly selective students, successful alumni and world-class facilities combine to provide an extraordinary learning opportunity. Established in 1935, The Anderson School provides management education to more than 1,300 students enrolled in full-time, part-time and executive MBA programs and academic master's and Ph.D. programs. In addition, there are approximately 500 undergraduate students enrolled in Anderson's Undergraduate Accounting Minor Program.

The Anderson School's faculty includes outstanding educators and researchers who share their scholarship and expertise in such fundamental areas as finance, marketing, accounting, business economics, decisions, operations and technology management, human resources and organizational behavior, information systems, strategy and policy.

Offering unparalleled expertise in management education, the world's business community turns to The Anderson School at UCLA as a center of influence for the ideas, innovations, strategies, and talent that will shape the future.

Contact Information

Media Relations, (310) 206-7707, media.relations@anderson.ucla.edu

Media Relations