James Clough, General Counsel of Answer Financial, to Join in Corporate Governance Panel at National Hispanic Bar Association Annual Convention

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Veteran corporate attorney and executive James Clough will appear at the National Hispanic Bar Association (HBNA) 2006 Annual Convention as a panelist addressing corporate governance on Friday, September 1st. Clough, senior vice president and general counsel of Answer Financial, Inc., will address a number of new developments in this rapidly changing area.

Summer at the beach has been very different this year as executives and their lawyers have faced a storm of developments including the Delaware Supreme Court ruling in Disney on fiduciary duties and the SEC and DOJ civil and criminal investigations and charges involving stock option back dating

Veteran corporate attorney and executive James Clough will appear at the National Hispanic Bar Association (HBNA) 2006 Annual Convention as a panelist addressing corporate governance on Friday, September 1st. Clough, senior vice president and general counsel of Answer Financial, Inc., will address a number of new developments in this rapidly changing area.

"Summer at the beach has been very different this year as executives and their lawyers have faced a storm of developments including the Delaware Supreme Court ruling in Disney on fiduciary duties and the SEC and DOJ civil and criminal investigations and charges involving stock option back dating,” said Clough.

“We also have the SEC's new executive compensation rules requiring disclosures about option granting practices, and new developments in cooperating with the government when there are parallel SEC and DOJ investigations under the recent Skilling, Scrushy and Singer cases. There are also the new laws favoring the push by institutional investors for majority voting in electing directors. I am fortunate to join a distinguished panel of corporate governance thought-leaders and current and former federal prosecutors to explore how these developments affect public and venture or private equity backed companies," he added.

The HBNA is a non-profit, national association that represents the interests of over 27,000 Hispanic attorneys’, judges, law professors, law students and legal professionals. The mission of the HNBA is to improve the study, practice and the administration of justice for all Americans ensuring the meaningful participation of Hispanic-American legal professionals at all levels of the profession. Its 2006 Annual Convention is being held at the St. Francis Hotel in San Francisco.

James Clough has extensive experience working with Fortune 1000 companies, financial institutions and emerging companies. Prior to joining Answer Financial as General Counsel, Clough was a Corporate Partner with the national law firm, Greenberg Traurig. He also served as Executive Vice President of Corporate Operations and Development of the leading publicly traded e-business company, PurchasePro. For many years he was a Corporate Partner with the major law firm, Pillsbury Madison & Sutro. He began his career with the Wall Street law firm, Donovan Leisure.

About Answer Financial Inc.

Answer Financial (http://www.answerfinancial.com) is one of the nation's largest independent insurance agencies, providing consumers with comparative quotes and custom policies from 400 top-rated insurance companies. Since pioneering its automated shopping engine in 1998, the Insurance Answer Center, Answer has delivered more than 20 million quotes for auto, home, life, health, dental and specialty insurance products in all 50 states. Consumers can consult with one of Answer’s 400 licensed Insurance Agents by calling 1(800) 233-3028, or they can visit http://www.answerfinancial.com to receive secure, real-time insurance quotes and buy their insurance policy Online. The Insurance Answer Center is also offered as a voluntary benefit program or cross-selling platform to hundreds of financial institutions, large employers and affinity groups serving millions of American families.

Answer Financial is a private company headquartered in Encino, Calif.

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