50 Leading Authorities Address Pressing Corporate Governance Issues; Event Brings Together Directors, Management and Shareholders in Dialogue; Small Number of Attendees Allows for Interaction Among Event Participants.

WHAT:   The leading corporate governance experts in America will
        address the hottest topics at Directors Forum 2006. Directors,
        management and shareholders are invited to attend the event,
        which is presented by San Diego-based Corporate Directors
        Forum. The event is limited to 200 attendees, allowing ample
        opportunity for interaction between the premier speakers and
        attendees.

        Keynote speakers are Patricia C. Dunn, chairman of
        Hewlett-Packard Co. and vice chairman of Barclays Global
        Investors; Aylwin Lewis, CEO of Sears Holding Corp. and
        director of The Walt Disney Co.; Nell Minow, editor and
        co-founder of The Corporate Library; and Anne Simpson,
        executive director of International Corporate Governance
        Network (U.K.). Other speakers from Pfizer, The Coca-Cola
        Company, Microsoft, Chevron, Goodyear and more will take part
        in the event.

        Topics include:
        --  Impact of Sarbanes-Oxley, 404 and other corporate reforms
        --  Determining who should serve on a board of directors
        --  Audit committee best practices
        --  Proxy advisory services/governance ratings
        --  Board evaluations
        --  Executive sessions
        --  Board and company ethics
        --  Best practices in executive pay

WHEN:   Three-day event -- Jan. 29-31, 2006
        See www.directorsforum.org/2006 for complete schedule.

WHERE:  University of San Diego
        Joan B. Kroc Institute for Peace & Justice

COST:   $1,995 per person.
        MasterCard, VISA, American Express and check payable to
        Corporate Directors Forum accepted

RSVP:   Call 858-455-7930 or e-mail [e-mail]. For a
        downloadable registration form, visit
        www.directorsforum.org/2006.