Center for Corporate Change Pushes Business Community to Proactively Lead in Rebuilding Trust in US Economy.

Business Editors

BEAVER CREEK, Colo.--(BUSINESS WIRE)--May 5, 2004

Unveiling of New Research and Poignant Panel Discussions Will

Foster Dialogue and Evaluation of State of Business Community at

Second Annual "Changing the Game" Forum June 10-12

A nationwide call-to-action has been issued to overhaul American business practices and bring economic incentives into accordance with ethical parameters.

This is a declaration by the Center for Corporate Change, a group of business leaders and academicians who have spent the last year researching and identifying causes for unethical behavior and proposing remedies.

Detailed results of the Centers' research will be reported and discussed at its second annual "Changing the Game" forum on June 10-12 in Beaver Creek, Colorado. Last year's baseline research gave a "D" grade for the conduct of business in general. After reviewing the research, including the seven root causes for public malfeasance, Forum participants judged business' performance to be "Dismal". In continuing its research probe, the Center for Corporate Change will announce its updated findings building off of last year's study. New research will be presented regarding multiple stakeholder valuation, the board and corporate culture, and the non-executive chairperson.

Participants at the forum will include a number of current and former CEOs, corporate directors, business school professors and media executives. One of the participating experts will be Bethany McLean, senior writer at FORTUNE and author of The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron.

Keynote speakers include Eleanor Bloxham, founder and president of The Value Alliance and Corporate Governance Alliance; and John Nash, founder and president emeritus of The National Association Corporate Directors. Also speaking at the forum will be Ed Breen, chairman and CEO of TYCO; James Cullen, presiding director of Johnson & Johnson; and Linda Scott, director of corporate governance for TIAA-CREF.

The Center for Corporate Change, a component of the Vail Leadership Institute, was established out of concern for the state of corporate ethics. It is based on the premise that business is not a game but an integral component of our nation's democratic capitalistic society.

According to one of its founders, John Horan-Kates, President of Vail Leadership Institute, through its empirical research the Center aims to, "reestablish confidence in our economic system, re-confirm the responsibility of business to society and develop solutions to the causes of misconduct."

The Vail Leadership Institute offers a variety of programs to emerging, developing and established community members to realize its purpose of "creating effective, ethical leaders".

Information on registering for the forum can be obtained by contacting the Vail Leadership Institute via the Internet at www.vailleadership.org or phone, [phone].