WASHINGTON, D.C. - March 24, 2008 - Christian Brothers Investment Services (CBIS) today announced that Kathleen M. Flanagan, President of Leadership Communication Inc. and former Senior Vice President of Nuveen Investments, has joined the company's Board of Directors. Ms. Flanagan was elected at the CBIS February 22, 2008 board meeting following a referral by Boardroom Bound(R). Ms. Flanagan is a Lifetime Charter Boardroom Bound "Friend." She attended the program's Boardology(TM) 400 "“ the Pipeline Seminar in 2004.

"Ms. Flanagan brings a wealth of experience in corporate communications, branding and financial services to CBIS," said Michael W. O'Hern, FSC, President and Chief Executive Officer. "We're excited and honored to welcome her to our board and delighted to have Boardroom Bound as a partner in helping to identify diverse and talented candidates to enrich our board," he added.

Carrington & Carrington, Ltd., a Chicago-based executive search firm, partnered with Boardroom Bound on the program's Board Referral Process(C).

Boardroom Bound, is a 501(C)(3) national public service that fosters good governance in the 21st century corporate boardroom by A. matriculating independent, diverse director-candidates from its Boardology(TM) Institute and B. promoting them for corporate board service. Currently serving Chicago, Los Angeles, New York, St. Louis, San Francisco and Washington D.C., the nonprofit plans to expand into six additional cities.

The Boardology(TM) Institute offers Boardology 400 - the Pipeline Seminar. The "early start" director-candidate development program is designed to help future generations of business leaders develop their bona fides for board service. Additionally, Boardroom Bound has established a national network of individual "Friends", supporters and national diversity advocate organizations that help fund the Boardology Institute, refer candidates and identify open board seats in the boardroom.

Commenting on her appointment, Ms. Flanagan said, "I believe strongly in CBIS' mission to offer Catholic institutions the opportunity to invest their assets while remaining true to their Catholic values, and I'm confident that my experience will help them to become an even stronger organization."

Ms. Flanagan brings more than two decades of experience to the CBIS board. Currently, as President of Leadership Communication Inc., she is an executive consultant in leadership communication, specializing in shared leadership and decision-making. She helps corporate executives, leadership teams and boards of directors produce change, set direction, generate good decisions, inspire action and achieve success through communication and interaction.

As Senior Vice President of Nuveen Investments, she was responsible for marketing communications for new product campaigns that raised $25 billion in assets in closed-end funds. Later, she was responsible for fund board development, managing relationships with the outside directors who annually approved the contracts that generated a substantial portion of Nuveen’s revenue. In this capacity, she developed board presentations and strategic reviews for the family of Nuveen funds. She had significant responsibility for managing the operational and financial reviews required to meet SEC and fund governance requirements.

Ms. Flanagan received her Bachelor of Science degree in Humanities magna cum laude from Loyola University and her Master of Business Administration from the University of Chicago. She later attended the Harvard Business School’s Advanced Management Program and did additional studies at the Loyola Center for Organization Development. She is currently working on a book about the post-Vatican II renewal of Catholic sisters, focusing on the School Sisters of St. Francis who taught at Madonna High School (Aurora, Illinois) in 1965.

ABOUT CBIS

Christian Brothers Investment Services, Inc., manages $4.2 billion for Catholic institutions, combining faith and finance in the responsible stewardship of financial assets. CBIS' combination of premier institutional asset managers, diversified product offerings, and careful risk-control strategies constitutes a unique investment approach for Catholic institutions and their fiduciaries. CBIS strives to integrate faith-based values into the investment process through a disciplined approach to socially responsible investing that includes principled purchasing (stock screens), active ownership strategies (proxy voting, dialogues, and shareholder resolutions) and community investment. Visit CBIS on the Web at www.cbisonline.com.

About Boardroom Bound(R)

For more information about Boardroom Bound(R) programs and services, including its Boardology(TM) Institute and Director-Candidate Referral Service(C), go to: www.boardroombound.biz or call 847-205-5334.

Boardroom Bound

Boardroom Bound

Boardroom Bound(R), is a 501(C)(3) national public service that fosters good governance in the 21st century corporate boardroom by A. matriculating independent, diverse director-candidates from its Boardology(TM) Institute and B. promoting them for corporate board service. Currently serving Chicago, Los Angeles, New York, St. Louis, San Francisco and Washington D.C., the nonprofit plans to expand into six additional cities. For more about Boardroom Bound visit www.boardroombound.biz The Boardology(TM) Institute offers Boardology(TM) 400 - the Pipeline Seminar. The "early start" director-candidate development program is designed to help future generations of business leaders develop their bona fides for board service. Additionally, Boardroom Bound has established a national network of individual "Friends", supporters and national diversity advocate organizations that help fund the Boardology Institute, refer candidates and identify open board seats in the boardroom.

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