Superior Environmental Governance after Enron

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FOR IMMEDIATE RELEASE

Superior Environmental Governance after Enron

The AHC Group announces the publication of a Special Double Issue of

Corporate Strategy Today ("CST") on Leadership Positions on

NEW YORK, ALBANY, Jun. 13 -/E-Wire/-- This special issue on the near future of governance (including environmental governance) examines the lessons of Enron and charts examples of corporate governance change in three major corporations: Ashland, General Motors and Dow. It offers sound advice to Board Members and top management as well as to the EH&S; officers in the trenches.

In the words of corporate governance expert Richard Maclean whose "Lessons from Enron" appears in this CST issue, "Enron is all about systemic governance failure".

The CST governance issue is an outgrowth a 32 company AHC Group Governance workshop in January 2002 led by Steve Percy, the former Chairman of British Petroleum North America, and Frank Boren, an ARCO Board member for ten years and the former President of the Nature Conservancy. Ashland's aggressive efforts to sharpen its governance review, procedures and the positive market results there from after a significant environmental accident in the 1980s were presented by Ashland's Vice President Glenn Hammer at the workshop. Hammer's presentation is the lead article in CST#5&6. Ashland's experience demonstrates "that post-Enron world corporations with good leadership and the will to reform will respond appropriately" to the crisis affecting all corporations today.

Denny Minano who for 31 years headed up General Motor's positions on energy, environment, and communications and Sam Smolik, Dow's Vice-President of Environment, Health and Safety provide CST readers with thorough presentations of how their respective corporations have built a business case for moving beyond environmental compliance into the global world of sustainability. Minano offers "a new paradigm for business-using corporate governance as another way to build brand value" in the post-Enron world.

Chief Executive Darryl Vernon Poole of The Cambridge Institute for Applied Research, Inc. gets down to brass tacks in advising EH&S; officers how to connect with Boards and CEOs over their relevancy when it comes a corporation's long term competitive advantage.

A unique feature of CST is the CEO Table that highlights the key points within each issue for the CEO. In CST5&6, Steve Percy, a former CEO of BP America, sets out the pointers on this month's table like: "Corporate governance is about protecting corporate value, but good corporate governance is about enhancing corporate value and brand".

For additional information on this issue contact Paul M. Bray, Managing Editor, at [REDACTED-EMAIL] or Bruce Piasecki, Editor and President of the AHC Group, at [REDACTED-EMAIL]. Subscribe by contacting Celeste Richie at [REDACTED-EMAIL]. For information on the AHC Group governance programs, see www.ahcgroup.com

The AHC Group 10th Annual Affiliates Meeting will be June 18 and 19, 2002 in Saratoga Springs For info call: [REDACTED-PHONE]

Managing Editor, CST,

126 South Swan Street, Suite 102,

Albany, New York 12210

E-mail: [REDACTED-EMAIL],

http://www.ahcgroup.com

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