WHITE PLAINS, N.Y. – Peter C. Clapman, the recently retired senior vice president and chief counsel for TIAA-CREF, where for 32 years he was the chief investment lawyer and head of its corporate governance program, has been named the new executive director of the Pace Law School Directors Institute, effective April 1, 2005.

The new Directors Institute offers educational programs for corporate and not-for-profit directors. Clapman will develop programs based on his years of experience and extensive participation in conferences other forums nationally.

“Corporate governance has been one of the critical issues in the United States and globally because it has clear relevance to successful long-term investment returns,” said Clapman. “The recent scandals demonstrated that reform of the system was necessary. One of these reforms is the encouragement of director education so that directors may play the appropriate role in the management process of companies. It is great that Dean Steven Friedman appreciates the importance of director education. I am extremely pleased he asked me to be the leader of such programs at Pace, which has the potential to be a leader in this field.”

Clapman developed TIAA-CREF global governance policies and strategies, achieving significant results, primarily through dialogue and quiet diplomacy. He was among the December 2003 Smart Money list of the 30 individuals having the most influence in the field of investments for his work in corporate governance. He was also among five individuals to be profiled in the Financial Times of December 15, 2004, for his prominent role in global corporate governance.

He is a consultant to corporate managements, boards of directors, and institutional investors in the fields of global corporate governance and regulation. Clapman is active in many organizations specializing in corporate governance and director education in the United States and globally, including the National Association of Corporate Directors, the University of Delaware, the Yale School of Management, the Investor Responsibility Research Center, and the Millstein Commission.

A graduate of Princeton University, Clapman earned his JD from Harvard Law School. He was elected a member of the American Law Institute (ALI) in 1993. He is a member of the Primary Markets Group of the London Stock Exchange, the NASDAQ Listing Council, and was on the Legal Advisory Committee of the New York Stock Exchange. He is the immediate past chairman of the International Corporate Governance Network (ICGN) and currently chairs the Investor Responsibility Task Force, established by the World Bank Global Corporate Governance Forum.

Founded in 1976, Pace Law School is a New York Law School with a suburban campus in White Plains, N.Y., 20 miles north of New York City. Part of Pace University, the school offers the JD program for full-time and part-time day and evening students. Its postgraduate program includes the LLM and SJD degrees in Environmental Law and an LLM in Comparative Legal Studies. Pace has one of the nation's top-rated Environmental Law programs and its Clinical Education program also is nationally ranked, offering clinics in domestic violence prosecution, environmental law, securities arbitration, criminal justice and disability rights. www.law.pace.edu 

Pace is a comprehensive, independent university with campuses in New York City, Pleasantville and White Plains, N.Y., and a Hudson Valley Center at Stewart International Airport in New Windsor, N.Y. More than 14,000 students are enrolled in undergraduate, graduate and professional degree programs in the Dyson College of Arts and Sciences, Lubin School of Business, School of Computer Science and Information Systems, School of Education, Lienhard School of Nursing and Pace Law School. www.pace.edu