Corporate Governance Contacts

  Michael McCauley
  Sr. Corporate Governance Officer
  (850) 413-1252
  Tracy Stewart
  Corporate Governance Manager
  (850) 413-1257
  George "Jacob" Williams
  Sr. Corp. Governance Analyst
  (850) 413-1013

 SBA Related Publications
Corporate Governance Annual Report 

Letter to SEC on Securities Lending & Record Date Disclosure 02/05/2007  

Perspectives on Executive Compensation (2007) 

Wolf Packs - Hedge Fund & Activism  

Empty Voting - Securities Lending   

Majority Voting  

Mutual Funds Governance  

Pay Without Performance  

Stock Option Backdating  

Corporate Governance Glossary  

SBA Corporate Governance Principles & Proxy Voting Guidelines (detailed policy narrative)  

SBA Proxy Voting Records (actual company votes)  

Corporate Governance Ratings and Research Providers (2005) 

Corporate Governance Indexes (2005) 
Corporate Governance Research 

Sarbanes Oxley (2005) 

Audit Committee Financial Expertise (2005) 

SBA Proxy Votes Fiscal Year 2004 
SBA Proxy Votes Fiscal Year 2005 
SBA Proxy Votes Fiscal Year 2006 
SBA Proxy Votes Fiscal Year 2007 
 Who We Work With
   The SBA works with the following shareholder groups and research providers to 
   implement its corporate governance program:   

     Council of Institutional Investors (CII)
     The SBA is a long-standing member of the Council. We work with CII in various
     capacities, including serving on the board and policy committees, participating in
     communications with the U.S. Securities and Exchange Commission on
     important shareholder issues, and engaging companies for governance reform. 

     International Corporate Governance Network  
     The SBA is a member of this leading group of global instituitional investors
     concerned with international corporate governance issues. The SBA participates
     on its Cross-Border Voting Practices subcommittee. 
 
    Glass, Lewis & Co. 
     Glass Lewis provides global proxy research and advice for approximately 8,000  
     companies. The SBA uses the Glass Lewis voting recommendations, in 
     conjunction with our own policy guidelines to make proxy decisions.    

     Institutional Shareholder Services (ISS) 
     ISS provides several services to the SBA including "Corporate Governance
     Quotient" company ratings, proxy recommendation research services, and voting
     analytics. The SBA uses ISS voting recommendations, in conjunction with our
     own policy guidelines to make proxy decisions.    

     GovernanceMetrics International (GMI) 
     GMI provides corporate governance research and ratings on more than 3,200
     global companies using principles promulgated by the community of institutional
     investors and groups such as the Organization for Economic Co-operation and
     Development (OECD), the Commonwealth Association for Corporate Governance,
     the International Corporate Governance Network (ICGN), and the Business
     Roundtable.

    Equilar  
    Equilar provides director and executive compensation data for more than 4,000
    companies. Equilar Insight reports include data covering cash compensation,
    long-term awards, present values of option grants, company financial performance,
    and employment agreements. Equilar's services are used by the SBA to monitor 
    and research executive compensation levels.

    The Corporate Library
    The SBA subscribes to several services provided by The Corporate Library
    covering over 2,000 U.S. and 500 large international companies. The Corporate
    Library's Board Effectiveness Rating is intended to identify possible risk by
    highlighting potential areas of ineffective oversight by the board. The rating 
    focuses on board actions rather than compliance with typical policies or
    structures and has an explicit component measuring executive compensation.

    Conference Board Corporate Governance Center
    Conference Board Corporate Governance Center brings together a distinguished
    group of senior corporate executives from leading world-class companies and
    influential institutional investors in a non-adversarial setting. In small
    groups, discussions enable a free-flowing exchange of ideas and effective
    networking. This highly unique forum allows industry leaders to debate, develop,
    and advance innovative governance practices, and to drive landmark research
    in corporate governance. Founded in 1993 and now a core division of The
    Conference Board, the Governance Center is committed to helping corporations
    enhance their governance processes, inspire market confidence, and facilitate
    capital formation in today's globally competitive marketplace.


     
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