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THE DIRECTORS COLLEGE RECEIVES HARVARD ENDORESMENT

The Directors College, a joint venture of The Conference Board of Canada and the DeGroote School of Business at McMaster University, has received an endorsement from the Harvard School of Business for its director education program.

A comprehensive professional development and certification program for corporate directors, The Directors College is the only program of its kind in Canada that leads to formal university accreditation - the "Chartered Director*" designation (C.Dir.*).

Renowned corporate governance expert and professor of Human Relations at the Harvard Business School, Jay Lorsch has added his name to a growing list of endorsers of the innovative professional development program.

When asked about The Directors College, Lorsch, who is the author of more than a dozen business books, including the most recently published Back to the Drawing Board: Designing Corporate Boards for a Complex World, has this to say:

“Where once directors could be called mere ornaments, today they need to take their responsibilities very seriously. Director education, therefore, has become more important than ever. The Chartered Director program offered by The Directors College is a great example of the kind of director training that should be offered around the world.”

Born out of a growing recognition of the importance of good governance, The Directors College provides meaningful professional development. In addition to technical knowledge, the program focuses on critical boardroom behaviours necessary for effective governance, such as balancing competing stakeholder interests and dealing with non-performing board members.

“We’re focused on providing a practical and effective curriculum designed to address both the structural and behavioural skills required to be a competent board member,” says Dr. Chris Bart, founder and lead professor of The Directors College.

Canadian businesses are taking notice, enrolling current and prospective board members in the program in growing numbers. Lorsch agrees that it’s a wise move.

“I strongly encourage those interested in becoming truly ‘professional’ directors to sign-up for this unique and engaging initiative. In my view, it offers the training tools and skills needed to be the kind of 21st century director that every country needs.”

* The Directors College, Chartered Director and C.Dir are Official Marks of McMaster University. All rights reserved.

For more information:

Brent Dowdall
Media Relations
The Conference Board of Canada
Tel.: (613) 526-3090, ext. 448
E-mail: corpcomm@conferenceboard.ca

Philip Koven
NATIONAL Investor Relations
Tel.: (416) 848-1627
E-mail: pkoven@national.ca

Dr. Chris Bart
The Directors College
Tel.: (905) 525-9140 ext. 2-3967
E-mail: bartck@mcmaster.ca

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*"The Directors College", "C.Dir", and "Chartered Director" are official marks of McMaster University.

About The Conference Board of Canada

The Conference Board of Canada is the foremost independent, not-for-profit applied research organization in Canada. We help build leadership capacity for a better Canada by creating and sharing insights on economic trends, public policy issues, and organizational performance. Our members include a broad range of Canadian organizations from the public and private sectors. The Conference Board of Canada has an annual budget of $30 million, with 200 staff located in Ottawa, and offices in Niagara-on-the-Lake and Toronto.

About McMaster University

McMaster University, one of Canada's top three research-intensive universities, has world-renowned faculty and state-of-the-art research facilities. McMaster's culture of innovation fosters a commitment to discovery and learning in teaching, research and scholarship. Based in Hamilton, the University has a student population of more than 20,000 and more than 108,000 alumni in more than 125 countries around the world. McMaster University's DeGroote School of Business is one of the leading business schools in Canada and internationally.

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* The Directors College, Chartered Director, C.Dir., and The Board Simulation are OFFICIAL MARKS of McMaster University. All rights reserved. 2004.