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Financial Executives Research Foundation Issues Three New Reports

    FLORHAM PARK, N.J., Jan. 5 /PRNewswire/ -- Financial Executives Research
Foundation (FERF), the research affiliate of Financial Executives
International (FEI), has issued three new research reports as part of its
mission to provide ongoing education to FEI's members.  FEI is the leading
professional association for CFOs and other senior financial executives.

    The reports include:

    * Corporate Governance Survey -- FERF and The Board Institute (TBI)
      conducted a survey to help shed light on the quality and standards of
      corporate governance in the U.S. today at public and private companies.
      Reported results include the investment costs of compliance services, as
      well as the difference in governance standards between public and
      private companies.  TBI is an online solutions provider that helps
      companies assess, benchmark and enhance corporate boards and their
      committees.  The survey report was written by Mark R. Edwards, Ph.D., a
      professor at the Morrison School at Arizona State University East, in
      conjunction with Cheryl de Mesa Graziano of FERF.

    * Fourth Quarter Plan Sponsor Update -- The latest update report for plan
      sponsors highlights important regulatory news, including new changes to
      deferred compensation plans and proposed 403(b) regulations by the IRS.
      It also includes information on lifestyle funds and highlights results
      from various plan sponsor surveys.  McHenry Consulting contributed to
      this report.

    * Section 404 (404) of 2002's Sarbanes-Oxley Act -- This report provides
      practical assistance regarding current 404 implementation efforts. Based
      on interviews with financial executives from 20 Fortune 500 companies,
      the report identifies common practices and provides insight as to how
      current procedures can be improved and sustained in the long run.

    "The business world is changing at a faster pace today than probably at
any time in the past, which makes it essential that financial professionals at
companies of all sizes keep themselves informed of new ways of doing
business," said Colleen Cunningham, President and CEO of FEI.  "We're grateful
that our partners continue to offer their support for our research as a valued
service to our members."

    Executive summaries for each report can be found online at
http://www.FEI.org/rfbookstore.  For information on purchasing any of these
reports, please contact Bill Sinnett at (973) 765-1004.

    About Financial Executives Research Foundation
    Financial Executives Research Foundation, Inc, is the 501(c)(3) non-profit
educational affiliate of Financial Executives International.  Since 1944, the
FEI Research Foundation has been an independent source of practical
information, service and expertise for senior financial executives.  The
Foundation is solely supported by voluntary, tax-deductible contributions from
corporations, FEI chapters and individuals.  The Foundation receives no
portion of FEI membership dues.
    The Foundation's mission is to meet the needs of the financial management
professional by identifying, developing and distributing timely research in a
variety of ways.  The Foundation provides a wide range of research-driven
content through published research studies, articles in Financial Executive
magazine, electronic newsletters and the FEI Web site, among other formats.

    About Financial Executives International
    Financial Executives International, the leading advocate for the views of
corporate financial management, is a professional association of more than
15,000 CFOs, treasurers and controllers.  FEI enhances member professional
development through peer networking, career management services, conferences,
publications and special reports and research.  For more information, visit
the web site at http://www.fei.org.

     Contact:
     Scott Sunshine                   Chris Allen
     TowersGroup                      FEI
     (212) 354-5020                   (973) 765-1058
     scottsunshine@towerspr.com       callen@fei.org


SOURCE Financial Executives International




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    CONTACT:
    Scott Sunshine of TowersGroup,
    +1-212-354-5020, scottsunshine@towerspr.com, for Financial
    Executives International; Chris Allen of FEI, +1-973-765-1058,
    callen@fei.org