October 06, 2003

Los Angeles — With regulations facing corporate directors at an all-time-high, a distinctive program at UCLA Anderson School of Management is more valuable than ever. On October 8-10, 2003, UCLA Anderson will offer its sixth Director Training and Certification Program. This Institutional Shareholder Services (ISS) -accredited program is one of the oldest and most rigorous director certification programs in the world.

"This program was not developed as a knee-jerk response to the Enrons, Arthur Andersens or WorldComs of the world," said Alfred E. Osborne, senior associate dean of UCLA Anderson. "Our governance program is now in its seventh year and this executive education serves to help to reduce shareholder complaints and resulting litigation against directors and their firms." Dr. Osborne, an experienced corporate director himself, is on the director program's faculty.

Conducted through the Harold Price Center for Entrepreneurial Studies at UCLA Anderson, this intensive three-day director-level program rapidly educates corporate directors and senior executives on Securities and Exchange Commission (SEC) regulations, Exchange rules, Financial Accounting Standards Board (FASB) guidelines, best board practices and the latest pronouncements concerning the Sarbanes-Oxley legislation.

UCLA Anderson notes there is a specific need to educate directors and executives on the Sarbanes-Oxley Act, which was passed by Congress last year and has added to the challenges facing America's boardrooms, just as the economy is fighting back from its prolonged downturn.

"These types of director training programs are essential in both good and bad economic times," said Duke K. Bristow, an economist in the Price Center. Dr. Bristow developed and chairs this innovative program at UCLA Andereson. "Shareholders will benefit by directors getting past the confusion concerning Sarbanes-Oxley and getting back to building strong profitable companies. Directors must deal effectively with these new laws and regulations that may otherwise have an unintended negative lasting impact on employment growth, shareholder returns and the rate of the U.S. economic recovery."

The Director Training and Certification Program at UCLA Anderson was developed for directors and executive officers of established, newly public companies and leading private firms who seek a world-class corporate governance environment for their organizations. The program is also benefits venture capital partners and corporate officers who work closely with their boards.

Program topics include:

  • Building an effective board of directors
  • Recognizing creative accounting
  • SEC considerations for boards of directors
  • Dealing with Wall Street
  • Takeover response preparation
  • Whistleblower investigations
  • Securities laws with Sarbanes-Oxley
  • What it is like to be sued as a director

New to this year's program are stand-alone modules focused on the special needs of Audit, Compensation, Governance and Nominating Committee members. For more information on the Director Training and Certification Program and the three new committee modules, please visit http://www.directors.org.

About UCLA Anderson School of Management

UCLA Anderson School of Management is perennially ranked among the top-tier business schools in the world. Award-winning faculty renowned for their research and teaching, highly selective admissions, successful alumni and world-class facilities combine to provide an extraordinary learning environment. Established in 1935, UCLA Anderson provides management education to more than 1,400 students enrolled in full-time, part-time and executive MBA programs and doctoral programs.

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

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

Media Relations