FCD Breakfast Features UC Berkeley Prof. Jesse Fried Speaking on Equity-Based Compensation for Executives

The Forum for Corporate Directors (FCD), a leading Southern California resource for achieving corporate board excellence and good governance, announced today that Prof. Jesse Fried of the University of California, Berkeley, will address its Oct. 29th breakfast meeting on the subject of equity-based compensation arrangements for public companies.

Prof. Fried, a professor of law at UC Berkeley and co-director of the Berkeley Center for Law, Business and the Economy, is author of the critically-acclaimed book "Pay Without Performance: The Unfulfilled Promise of Executive Compensation."

"Executive compensation is one of today's hottest topics and given the attention it's receiving in today's economic crisis, this is a must-attend meeting for FCD members and any corporate executives and directors who need to know how best to deal with it," said John Rehfeld, FCD chairman. "Citing research gathered for his critically-acclaimed book, Professor Fried will discuss problems with equity-based compensation and suggest how boards of directors seeking to improve executive incentives and increase long-term shareholder value can better structure these arrangements.

"Prof. Fried has generously agreed to sign copies of his book following the program and anyone interested in pre-ordering a book for the signing may do so by ordering a copy at the reduced price of $20 when registering to attend this event," Rehfeld noted. The book price at the event will be $25.

This important program begins with registration at 7:00 a.m. on Wednesday, Oct. 29, at the Hilton Costa Mesa (at 3050 Bristol Street) in Costa Mesa. The breakfast and program run from 7:30-9:00 a.m. The cost is $25 for FCD members and $45 for non-members. Visit the FCD web site ( http://www.fcdoc.org/ ) for additional program information, to register for the breakfast and to pre-order a copy of the book.

About Forum for Corporate Directors

Founded in 1991, the Forum for Corporate Directors is Orange County's leading resource for promoting excellence in corporate governance and boardroom leadership to help directors and executives grow the value of their enterprises. FCD is a non-profit organization that offers dynamic forums for director peer interaction, conducts ISS-certified director education and development programs, and provides directors and executives of public and private companies the opportunity to gain valuable ideas and information that promote board leadership and corporate governance.

FCD's members include many of Southern California's top business and corporate leaders. In addition, corporate members include Advanced Medical Optics; Alacer Corp.; Commerce Energy Group; Emulex Corporation; Ensign Group; HireRight; Local.com; MFLEX; Microsemi Corporation; National Technical Systems; Powerwave Technologies; Primal Solutions; QLogic Corporation; Resources Global Professionals; SRS Labs; and The Paul Merage School of Business at UC Irvine.

For additional information on the event or for sponsorship information, please contact: Michelle Conry Operations Manager Forum for Corporate Directors 4675 MacArthur Court, Suite 800 Newport Beach, California 92660 (949) 375-3323 E-mail: Email Contact