May 17, 2004

Los Angeles — The UCLA Anderson School of Management and the Office of Executive Education Programs hosted the Seventh Director Training & and Certification Programs for directors of private and public companies on May 12-14, 2004. This extensive program will again be offered October 20-22, 2004, at UCLA Anderson.

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.

“This program was the first and may still be the only program in the United States giving an entrance exam and a rigorous exit exam to corporate directors and officers seeking certification,” offered Duke K. Bristow, Ph.D., economist, UCLA Anderson School of Management and program chairman for the Director Training and Certification Program. Dr. Bristow added, “While there are many excellent director programs in the US, our D&Os tend to be ones that want an examination to demonstrate that they have mastered the material and concepts underpinning great governance.”

The program consisted of three board committee modules held before the Opening Reception and Director’s Networking Dinner on May 12th. The board committee modules and two-day intensive director-level educational events were sponsored by the Nasdaq Stock Market, the National Venture Capital Association (NVCA), American Entrepreneurs for Economic Growth (AEEG), AIG, Clifford Chance US LLP, Ernst & Young LLP, Gray Cary Ware & Freidenrich LLP, Latham & Watkins LLP, Marsh Inc., Morgan Lewis & Bockius LLP, and Sibson Consulting.

Over the course of three days, world-class subject matter experts on each of a dozen board-level issues shared insights, state-of-the-art practices and lessons learned.

This year the program focused on important issues facing Directors and officers - what is working and what is not working with corporate boards, audit committees, securities laws, shareholder actions, exchange rules, D&O liabilities/policies, fiduciary duties, obtaining liquidity, and equity issuance.

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 also benefits venture capital partners and corporate officers who work closely with their boards.

Program Topics
Building and Leveraging an Effective Board of Directors
SEC Considerations for Directors
Sarbanes-Oxley: Does it Matter?
Disclosure Issues in a Challenging Environment
D&O Insurance: What Directors Need to Know
Creative Accounting
Building and Leveraging an Effective Board of Directors

This year’s programs featured stand-alone modules focused on the special needs of Audit, Compensation, Governance and Nominating Committee members.

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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.

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