The mission of the Research Advisory Council is to inform Glass Lewis and its clients on emerging trends and issues of importance to institutional investors. Its global expertise on corporate governance, accounting, financial transparency, and legal and regulatory environments guide development of Glass Lewis' proxy voting policies and guidelines. The Council works with Glass Lewis to define core principles and best practices that help institutional investors worldwide exercise their ownership rights with purpose and productivity.

Charles A. Bowsher (Chairman)

Mr. Bowsher was Comptroller General of the United States and head of the General Accounting Office for 15 years. Prior to being appointed to that position by President Ronald Reagan in 1981, he was associated with Arthur Andersen & Co. for 25 years, except between 1967 and 1971, when he served as Assistant Secretary of the Navy for Financial Management, where his work earned him Distinguished Public Service Awards from both the Navy and the Department of Defense. Mr. Bowsher also serves as a Director of DeVry Inc., Washington Mutual Investors Fund and SI International, as well as serving as a public member of the FINRA board. He also serves on an advisory board of the Public Company Accounting Oversight Board.

David R. Beatty

Mr. Beatty is the former Managing Director of the Canadian Coalition for Good Governance. He also serves as the Conway Director of the Clarkson Centre for Business Ethics and Board Effectiveness at the Rotman School of Management at the University of Toronto. Mr. Beatty is also a Director at the Institute of Corporate Directors and an active member of the ICGN Board of Governors.

Kevin Cameron

Mr. Cameron is former President of Glass Lewis. Prior to co-founding Glass Lewis, he was general counsel of Moxi Digital, a technology venture that was sold to a company controlled by Paul Allen. Previously, he was the general counsel at NorthPoint Communications, a publicly-traded broadband telecommunications company. Mr. Cameron was an attorney with the corporate law firm of Kellogg, Huber, Hansen, Todd & Evans in Washington D.C. and served as a law clerk to the Hon. James L. Buckley of the United States Court of Appeals for the District of Columbia Circuit.

Jesse Fried

Mr. Fried is a Professor of Law at the University of California Berkeley, and Faculty Co-Director of the Berkeley Center for Law, Business and the Economy (BCLBE). He holds an A.B. and A.M in Economics from Harvard University, and a J.D. from Harvard Law School. Mr. Fried has also been a visiting professor at Columbia University Law School, Harvard Law School, and Tel Aviv University. Mr. Fried's main areas of research, teaching and writing are executive compensation, corporate governance, corporate bankruptcy and venture capital. He is the author, with Lucian Bebchuk, of Pay without Performance: the Unfulfilled Promise of Executive Compensation (Harvard University Press, 2004).

Bengt Hallqvist

Mr. Hallqvist was a founder of the Brazilian Institute of Corporate Governance and was its chairman for its first five years. He is member of the board of directors of Maquinas Agrícolas Jacto SA, Unipac Ltda and Bionnovation SA. Mr. Hallqvist was formerly on the boards of BIM Kemi AB, Hoganas Brasil Ltda, Sasazaki SA and Siciliano SA. He is also an elected member of the Chamber of Arbiters of the Stock Exchange of São Paulo and the Consultative and Advisory Group of the International Auditing and Assurance Standards Board.

Karina Litvack

Ms. Litvack is Head of Governance & Socially Responsible Investment (GSRI), at F&C Asset Management, having joined F&C in 1998. Prior to joining F&C, Ms. Litvack directed SRI research for the ÖkoVision fund. She began her career in 1984 as a foreign exchange analyst and then worked in corporate finance and primary placement of securities for PaineWebber Incorporated. Prior to that she managed the redevelopment of derelict inner-city properties for the City of New York's property development arm. At F&C, she directs a 12-strong team that handles the share voting and shareholder dialogue activities on all global portfolios. Ms. Litvack holds a MBA in International Finance from Columbia University Graduate School of Business, a Bachelors Degree in Political Economy from the University of Toronto, and a Diploma in Italian Translation and Interpretation. Ms. Litvack is fluent in French, Italian, Spanish and German.

Charles Macek

Mr. Macek has been a non-executive director of Telstra Corporation and Wesfarmers Ltd. since 2001 and is a member of the UniSuper investment committee. He was a member of the Financial Reporting Council from 2000 and Chairman from February 2003 until December 2007. The FRC has oversight of accounting and audit standards in Australia. From 1985 to1995 he was Founding Managing Director of County Natwest Australia Investment Management Ltd and was Chairman between 1995 and 2001, when it became County Investment Management Ltd (now INVESCO). He also served as Chairman of the Australian Investment Manager's Association from 1995-'98, when it was merged with two other institutional industry bodies to become the current Investment & Financial Services Association.

David Nierenberg

Mr. Nierenberg is the President of Nierenberg Investment Management Company. He is also a member of the Washington State Investment Board. Mr. Nierenberg serves on the Advisory Board at the Millstein Center for Corporate Governance and Performance at Yale University.

Ned Regan

Mr. Regan is a professor at Baruch College, where he formerly served as the president. Prior to that he served four terms as the Comptroller of the State of New York from 1979-1993. Mr. Regan is also a former director of the Financial Accounting Foundation, the board that is responsible for overseeing and selecting the members of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).