FREDERICK D. LIPMAN is a partner with the law firm of Blank Rome LLP in Philadelphia. He was a lecturer in the MBA program at the Wharton School of Business and at the University of Pennsylvania Law School and has more than forty years of experience in the areas of corporate governance, mergers and acquisitions, private equity, and IPOs. He is the President of the Association of Audit Committee Members, Inc., and has appeared on television programs on CNBC, CNN, and Bloomberg as a national commentator on initial public offerings, venture capital, mergers and acquisitions, and stock options. He is also the author of Valuing Your Business: Strategies to Maximize the Sale Price (Wiley) and Audit Committees.

L. KEITH LIPMAN lectures nationally on management of information and technology subjects and is a member of the product management team at Interwoven, one of the world's fifty largest software companies and a leading provider of enterprise content management solutions. He holds both an MBA degree and a law degree.