January 22, 2002

Leading experts will examine pressing issues concerning sagging IPO markets, the need for new financial disclosure regulations and the dearth of venture capital and its effect on entrepreneurialism.

LOS ANGELES — UCLA Anderson will hold the fifth-annual Galef Symposium on corporate governance and equity offerings on Wed., Feb. 27. The day-long event will feature more than 20 distinguished leaders from the world of corporate governance, who will examine the current and long-term state of the world's equity markets, as well as the vital role corporate governance plays in the stability and overall success of corporations.

The recent Enron bankruptcy, which has headlined newspapers and broadcast reports nationwide, has raised significant discussion on the impact of corporate governance on a business' social, economic and political success. The Galef Symposium's panel of experts will address a variety of questions and issues, including:

  • How has corporate governance changed since Enron?
  • What will revitalize world capital markets and when will it happen?
  • When will the IPOs thrive again?
  • What will it take to stimulate the flow of venture capital funds?

The conference will feature two keynote speakers: John T. Wall, president of Nasdaq International, and Mark G. Heesen, president of the National Venture Capital Association (NVCA). As the leader of the largest stock market in the world, Mr. Wall will present his perspectives on the international expansion of Nasdaq and his vision on the future of equity markets. As a key advocate for the venture capital industry, Mr. Heesen will discuss the importance of equity capital and investment in emerging growth companies in invigorating world markets.

Other speakers include:

Jay W. Lorsch, professor, Harvard Business School
Bill Stensrud, managing director and general partner, Enterprise Partners Venture Capital
James Daly, associate director, division of corporate finance, SEC
Simon Lorne, corporate attorney, Munger Tolles & Olsen LLP
Glenn Faulkner, vice president, Nasdaq Stock Market
TK Kerstetter, chief operating officer, Board Member, Inc.
Leo Spiegel, general partner, Mission Ventures
Daniel Tyukody, partner, Brobeck, Phleger & Harrison
Al Osborne, director, Harold Price Center for Entrepreneurship at UCLA Anderson

Over the past four years, the event has attracted more than 1,000 top business executives nationwide. The conference is of particular interest to CEOs, CFOs and D&Os of newly public and soon-to-be-public companies, as well as entrepreneurs, venture capitalists and other business professionals.

The event is made possible through the support of Andrew Galef, friend and benefactor to UCLA Anderson.

The conference will be held from 8 a.m. to 5 p.m. in UCLA Anderson's Korn Convocation Hall on Feb. 27. An opening reception and Nasdaq Networking dinner will be held on Feb. 26 from 6 to 9 p.m.

MEDIA: If you wish to interview any of the speakers on the day of the conference or before, please call (310) 207-7707 to arrange details. A comprehensive list of confirmed speakers, along with more information on the conference, can be found at http://www.directors.org.

Media Relations