Initial Open Meeting

of the

Shareholder Forum for Options Policies

To Be Decided: Scope of Principles

1. What kind of information do investors need for their capital allocation and voting decisions?

2. Who is responsible for the processes of defining, controlling and reporting a company’s equity-based compensation practices?

Agenda

I.        Introduction, brief presentations by invited experts on subjects such as adaptive indexing that may be relevant to issues being addressed at the meeting.  (Forum participants are encouraged to offer any suggestions of relevant subjects prior to the meeting, allowing time to seek the expertise.*)

II.     Exchange of views among meeting participants on the scope of principles to be defined for the authorized use of capital in fair marketplace competition.

III.   Identification of issues that should be considered in the definition of principles.

IV.  Suggestions of prospective Corporate Participants that may provide effective representation of important marketplace perspectives.

V.     Conclusion, suggestions of any special workshops or projects needed to address particular subjects identified during the meeting.

More Information

Information about the Options Policies Forum, including its purposes and Conditions of Participation, can be found posted on its web site: www.shareholderforum.com/op

*Reservation requests and agenda suggestions may be addressed to the Forum's chairman, Gary Lutin, c/o Lutin & Company, 575 Madison Avenue, New York, New York 10022 (telephone 212-605-0335; email gl@shareholderforum.com).