Executive Executive Compensation, Compensation,

Corporate Governance, Corporate Governance, Global Warming: Global Warming: The Heat is On!The Heat is On!

Singin’ The PL BluesSingin’ The PL Blues

MODERATOR:• Ivan Dolowich, Esq., Partner, Kaufman Dolowich Voluck &

Gonzo LLP

PANELISTS:• Mark Lebovitch, Esq., Partner, Bernstein Litowitz Berger &

Grossmann LLP• Richard Bortnick, Esq., Member, Cozen O’Connor• Gary Brown, Esq., Shareholder, Baker, Donelson, Bearman,

Caldwell and Berkowitz P.C.• Ric Marshall, Chief Analyst, The Corporate Library• Steven White, Vice President, Arch Insurance Company

Agenda

• Corporate Governance• Executive Compensation• Legal Developments• Global Warming• Trends• Q&A

Corporate Governance

• Recent economic and market developments

• Corporate boardroom happenings

• Sarbanes Oxley – success or failure?

Executive Compensation

• Abuse or excess?

• Company decision or can the government

intervene?

• Proposed reforms

• Stock Options

Executive Compensation

Legal Developments

• Derivative Suits Business judgment rule Increase in frequency and severity Impact on D&O coverage

• Regulatory High profile losses Impact of Rakoff decision

Global Warming

• Concerns

• Regulatory impact

• Private suits

• Product/Coverage implications

Trends

• Developing hot areas

• SEC reaction

• Institutional investor role

• Sovereign Immunity

Questions&

Answers

Many thanks to …

• Ivan Dolowich• Richard Bortnick• Gary Brown• Mark Lebovitch• Ric Marshall• Steven White