Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, wcaldwell@pace.edu

NEWS SOURCE

Topic: The spreading Galleon Group insider-trading scandal: At last, due diligence

“In the Galleon debacle, in contrast to Madoff, Stanford, Satyam, et.al., finally someone with responsibility did their due diligence. The reporting to the Securities and Exchange Commission by the New York Stock Exchange of ‘unusual’ intra-day trading in both Hilton Hotels and Google shares resulted in the SEC taking actions so lacking in the other cases.

“We can pass the most comprehensive regulations and staff compliance agencies up to the gills with experts, but, unless Boards of Directors instill and oversee ‘internal governance,’ scoundrels will find loopholes.”

So says John Alan James, the expert on corporate governance and regulatory issues who created the first texts in English on laws governing companies in key European countries. He is an adjunct management professor at Pace University’s Lubin School of Business in New York City. At Lubin three years ago he was the first to introduce into an MBA curriculum anywhere in the world a course covering corporate governance systems in the leading world economies.

James is available to comment on the spreading Galleon Group insider-trading scandal. He recently appeared on Bloomberg Radio and Television to discuss the Madoff scandal and among other media appearances was quoted on CFO.com about the Satyam scandal.

Email jjames@pace.edu; phone: (203) 979-3611 (cell).

BACKGROUND: As a professional management consultant, James and his Brussels-based staff created, edited and published the first texts in English on company law, corporate governance and industrial relations law in the 12 key countries of Western Europe. He has served as an advisor to the top managements of multinational companies with headquarters in the US, Europe, Japan, Asia and Latin America.

He was an early contributor to the multinational business and economic seminars at the World Economic Forum in Davos, Switzerland. He co-chaired the first global conference on Multinational Companies and Multinational Unions at the U.N. International Labour Organization center in Geneva, Switzerland.

James received his bachelor's in political science from Northwestern University and graduate degrees in business economics at the Booth Graduate School of Business of the University of Chicago. He has lectured at the World Economic Forum in Davos; INSEAD at Fontainbleau, France; CEI/IMEDE in Switzerland, the Northwestern and Harvard European Executive Programs; the IBM Management Development Centre in Brussels; the United Nations Management Training Centre in Torino, Italy; the Wharton School at the University of Pennsylvania; the Kellogg School of Management at Northwestern University; and the Cornell University School of Industrial Relations.

The Lubin School of Business recently has earned a preeminent position in thought leadership on the issues surrounding the world’s move to International Financial Reporting Standards, and has hosted three major conferences on the subject which have received extensive industry coverage, including two special sections of the CPA Journal. The school is accredited for both business and accounting by AACSB International, an elite distinction shared by fewer than three percent of business schools worldwide. It is one of the largest four-year, private undergraduate and graduate business programs in the nation. Its dean, Joseph Baczko, is a former COO of Blockbuster.

With a tradition of practice-oriented curricula, Lubin has achieved national recognition for both its graduate and undergraduate programs in U.S.News & World Report and other media. Approximately 4,000 students are enrolled in Lubin’s undergraduate, graduate and professional degree programs in Downtown and Midtown New York City, and Pleasantville and White Plains in Westchester County. Prominent alumni include Melvin Karmazin, CEO of Sirius Satellite Radio; James Quinn, president of Tiffany & Co.; Ivan Seidenberg, chairman and CEO of Verizon; Marie Toulantis, former-CEO of Barnes&Noble.com; and Richard Zannino, former-CEO of Dow Jones & Company. www.pace.edu/lubin.

About Pace. For 103 years Pace has produced thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, it has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

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