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SEC’s Pitt, NYSE’s Grasso and S&P’s O’Neill Headline Director’s Education Institute at Duke University

August 11, 2002

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DURHAM, N.C. -- In response to corporate scandals and subsequent regulatory initiatives designed to prevent reoccurrences, Duke University’s Global Capital Markets Center announced Monday the launch of The Directors’ Education Institute October 21-23.

This is the first in a series of conferences that will bring academic experts from both Duke Law School and The Fuqua School of Business together with policymakers, corporate executives and representatives from the legal and financial services industries.

Discussions will focus on ethics, improving corporate governance, addressing fiduciary duties and director education.

"Broad public participation and integrity drive the growth of our markets," said Dick Grasso, NYSE Chairman and CEO. "Restoring investor trust and confidence is the greatest issue facing corporate America today. The program at Duke is an important forum for discussing how to take steps toward restoring that trust."

In addition to Grasso, headlining the inaugural conference of the institute are:

  • Harvey L. Pitt, chairman of the United States Securities & Exchange Commission
  • Leo C. O’Neill, president of Standard & Poor’s Corp.
  • Leo F. Strine Jr., vice chancellor of the Delaware Court of Chancery

“We are responding to recent recommendations by the Securities and Exchange Commission, the NYSE and Congress to expand support for education programs for corporate directors and officers at universities such as Duke,” said Stephen M. Wallenstein, professor of the practice of law, business and finance and executive director of the Global Capital Markets Center. “We expect that the program will become a guiding force in the teaching and development of best practices for corporate directors in light of recent regulatory initiatives.”

The agenda includes several learning-focused breakout sessions on subjects ranging from litigation issues confronting directors to audit committee effectiveness to executive and director compensation. Additional conferences of the Directors’ Education Institute program are scheduled for March 2003 at Duke and July 2003 at the Duke-Geneva Institute in Transnational Law in Switzerland. For more information and registration, visit www.dukedei.org.


About Duke University’s Global Capital Markets Center

Duke University's Global Capital Markets Center (GCMC) is a collaboration between Duke Law School and the Fuqua School of Business that applies an interdisciplinary approach to examining business, finance, legal and public policy issues. While one of the GCMC’s primary research areas is corporate governance, it also performs research and curricular development in the areas of global debt, equity capital markets and securities regulation. Over the past four years, the GCMC has sponsored more than a dozen substantive conferences both domestically and abroad.

The GCMC receives continuing support from its founding sponsors: Bank of America, The Bond Market Association, Financial Security Assurance, Goldman Sachs, PricewaterhouseCoopers, Merrill Lynch, the NYSE Foundation, Standard & Poor’s and Wachovia Securities, which provide ongoing financial, programming and advisory support for GCMC’s activities.

Notes to Editors:
The program fee is $3,250 per participant. Early registration is encouraged due to limited space. This fee includes all sessions, program materials and meals. Travel and hotel accommodations are the responsibility of each participant.

The Directors’ Education Institute at Duke University October conference is accredited by Institutional Shareholder Services (ISS), which grants directors attending the program an upward adjustment to their Corporate Governance Quotient™ as determined by the ISS.