LRN CEO Dov Seidman to address the role of the board in fostering ethical corporate cultures at Outstanding Directors Exchange 2006

LOS ANGELES—June 7, 2006— LRN®, a leading provider of legal, compliance, ethics management and corporate governance solutions, today announced CEO and Chairman Dov Seidman will address a group of directors meeting today and tomorrow at the St. Regis Hotel in San Francisco for the Outstanding Directors Exchange (ODX) 2006, an exclusive education forum.

With boards under the spotlight more than ever before, ODX creates an open forum where directors can feel free to share and learn with their peers. Seidman will address the importance of corporate culture in creating long-term success. His discussion will cover the transformative forces in the market that have led to a new and unprecedented era of focus on human and corporate conduct. He’ll assess the implications for companies and the role corporate directors need to play in assuring companies have ethical, lawful corporate cultures that can win in the new marketplace.

“The definition of effective board governance has changed dramatically,” said Seidman. “Boards must now not just be more active but also inspire organizations to foster cultures that drive long-term success through ethical values and high standards for doing business.”

ODX 2006, offered in partnership with the Columbia Business School Executive Education, is a closed forum for directors to share and learn from peers. Former Senator and LRN Director Bill Bradley will be honored at the event. Senator Bradley was recently named to the Outstanding Directors Institute's annual list of top directors.

Seidman is a frequent speaker on how executives and boards can advance corporate cultures that encourage self-regulation based on shared values, rather than simple acquiescence to externally imposed rules. In 2004, he testified before the U.S. Sentencing Commission about the need for companies to focus on fostering ethical cultures instead of check-the-box, compliance-only approaches. Today, companies are measured against this higher standard.