BizEd

SeptOct2006

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DREXEL UNIVERSITY'S LEBOW COLLEGE OF BUSINESS PRESENTS CENTER FOR CORPORATE GOVERNANCE INSIDE THE BOARDROOM™ NEW RULES. NEW REGULATIONS. NEW ROLES. Inside the Boardroom is a dynamic quarterly series developed for organizational leaders, C-level executives and board members. The series features prominent corporate, academic and board leaders who provide insights on trends that affect the performance and success of public or private companies and other board- directed organizations. WHO'S ON FIRST? CORPORATE SUCCESSION FOR DIRECTORS Should the unthinkable happen to its top executive, AmeriSource Bergen is ready. The $2 billion firm has prepared for what it calls the "train wreck" scenario, in which its CEO is killed or incapacitated. It even has the press release ready. "We want to give the financial community and our 1,400 employees the comfort that everything is under control, we have a plan, and now we simply have to execute," AmeriSource CEO R. David Yost (shown at right) said. Appearing alongside Yost during the discussion were Jon A. Boscia, CEO and chairman of Lincoln National Corporation, a $125 billion company; Kevin P. Dowd, CEO and chairman of privately held Sonitrol, Inc.; and Theodore L. Dysart, managing partner of the Americas for Heidrick & Struggles. ADVOCATES OR ADVERSARIES? THE DYNAMIC RELATIONSHIP BETWEEN BOARD MEMBERS AND MANAGEMENT What are the new rules of engagement for CEOs in this post accounting-scandal, Sarbanes-Oxley governed era? Panelist David L. Cohen (shown at left), executive vice president of Comcast Corporation, said the Comcast board addresses Sarbanes- Oxley at the committee level to keep the board from being entirely consumed with the task. Boards run the risk of missing business opportunities if they spend all their time on governance and lose sight of strategic developments. Good communication is key to fostering strong relations between management and boards, Cohen said. Moderated by Howard Fischer, CEO of Howard Fisher International, the event also featured Richard C. Ill, president and CEO of Triumph Group, Inc.; and Eric Pillmore, senior vice president of corporate governance for Tyco International. CENTER FOR CORPORATE GOVERNANCE The Center for Corporate Governance at LeBow College of Business is headed by Dr. Ralph Walkling, Stratakis Chair in Corporate Governance and Accountability. The Center promotes corporate governance research and awareness through, forums, workshops, panel discussions and invited presentations. For more information about the Center for Corporate Governance, please visit our Web site at www.lebow.drexel.edu/ccg COLLEGE OF BUSINESS WWW.LEBOW.DREXEL.EDU LEARN HERE, LEAD ANYWHERE® LeBow

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