The complete results of the survey will be
published in a special Boardroom Briefing in March 2005.

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2 million users. More than 32% of these companies say they have no plans to
formalize their succession planning.186
billion in annual revenues.directorsandboards .

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CST. Register at:
www.

CEO Succession Planning: A New Survey from Directors + Boards

Sponsorship and advertising opportunities are available.

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They are distributed to approximately 21,000 directors
and corporate governance professionals.

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The journal is edited by James Kristie and
published by Robert Rock.

privatisation readers

Gelco SmartTalks monthly Web seminar series is designed to provide the
latest information on industry trends and best practices in travel and
expense management to individuals responsible for their company's
financial and T+E management. The first Boardroom Briefing,
published in the fourth quarter of 2004, tackled the issue of the
relevance of annual meetings.

understand subscribers

For more
information about Gelco Expense Management, please visit the company's
Web site at www.

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By attending this Web-based seminar, executives with
responsibility for financial and T+E management will gain a better
understanding regarding structuring an effective global travel
management program.com

All company or product names are trademarks and/or registered
trademarks of their respective owners.

Conducted in November 2004, the survey generated 579 responses
from directors and senior level executives of publicly-held companies,
in addition to directors and executives of private and non -profit
entities.

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For more
information, contact Scott Chase at GRID Media, 301-879-1613, or by
email at scottchase@verizon.

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Of
those companies without a formal plan, only 29% are currently working
on a plan.com) is the leading
journal of corporate governance thought leadership, read by more than
5,000 CEOs, outside directors and other corporate governance
professionals each quarter .

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The Gelco
solution empowers organizations with a complete suite of web-based
services including expense reporting, auditing, reimbursement and
analysis services.

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Participants will also learn more about how an
automated travel and expense management program can support
modifications and guidelines when devising policies that rely on
universal corporate card acceptance, overseas reimbursement and VAT
reclamation. until 2 p.

thinking understand

m. Co-presenter is Jeff Cronin, vice
president solutions marketing of Gelco Expense Management.
Boardroom Briefings are a joint publication of the NACD and
Directors + Boards, and focus on single topics of critical interest to
board members.

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Titled "Structuring a Global T+E Management Program," this seminar
will provide travel management executives with a six -part plan to
support their companies' global expansion.
Of those companies which do have a formal CEO succession plan,
more than 60% have had the plan in place for less than two years.

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The seminar will
demonstrate how to build a business case built on industry best
practices, which can help with multinational travel activity, country
consolidation and can better support international travel program
management. Gelco Expense Management annually processes over
$5.gelcoexpense.

delivered thinkers

Keynote presenter Will Tate, vice
president of Management Alternatives, brings more than 20 years of
business process improvement experience in both financial accounting
and travel management systems. For additional information on the
survey, contact publishing director David Shaw, 301-963-6162 at
dshaw@directorsandboards .

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m.

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Business Editors

MINNEAPOLIS----Gelco Expense
Management, the leader in expense management automation, together with
Business Finance magazine, are partnering to present the March
SmartTalks Web seminar on global travel management best practices.

identify perspectives

The companies represented by the respondents averaged $2.

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The March SmartTalks Web seminar will be held on Friday, March 11,
2005 from 1 p. Gelco provides comprehensive outsourced
expense management solutions to help organizations worldwide realize
T+E cost savings by supporting policy compliance, increasing process
efficiency and providing expense management reporting.7 billion in expense payments for over 2.

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Gelco and Business Finance Magazine Present Web Seminar ''Structuring a Global T+E Management Program''

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Registration is required for this complimentary seminar.gelcoexpense.net.

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Business Editors

WASHINGTON----A new survey by
Directors + Boards magazine, in association with the National
Association of Corporate Directors (NACD), shows that the vast
majority of corporate board members rate formal CEO succession
planning as 'very important' or 'important' to the health and
profitability of their company, but that nearly half of companies do
not have a formal succession plan for the CEO position.

refresher thinking

com

About Gelco Expense Management:

Gelco Expense Management , a division of Gelco Information Network,
is the largest and most experienced provider of expense management and
reimbursement programs.com
Directors + Boards (www.

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