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IRRC and Equilar Alliance to Offer Integrated Executive Compensation

Published 01-06-04

Submitted by IRRC

WASHINGTON, DC - Equilar, Inc. and the Investor Responsibility Research Center (IRRC) today announce the introduction of Equilar's executive compensation research to IRRC clients. IRRC subscribers who need in-depth pay-for-performance research will be able to access Equilar's industry-leading executive compensation data to obtain detailed coverage for benchmarking changes in executive pay versus financial performance.

Investors will be able to access Equilar research that includes the entire executive pay package as disclosed in the proxy statement - base salary, bonus, Black-Scholes values of option grants, and other long-term incentives for all executive officers Subscribers to this comprehensive data can compare executives against the financial performance of over 3000 companies, including peer group companies, and others.

"The market is asking for a comprehensive solution and we're acting on it. IRRC provides highly regarded, independent proxy analysis and is a natural fit for our executive compensation research," said David Chun, CEO of Equilar. "The combination of the two resources creates a seamless, one-stop solution for institutional investors in measuring the effectiveness of CEO pay packages."

IRRC Vice President of Operations, Mark Bateman said, "Integrating Equilar's pay for performance analytics allows us to offer the best-of-breed solution in an area of growing concern for our clients. Equilar's powerful research tools and analysis allow our clients to define their own peer groups and independently benchmark the effectiveness of individual executive packages across companies."

Subscriptions to Equilar's executive compensation service through IRRC will be available in the fourth quarter of 2003.

About Equilar, Inc.:

Equilar is a leading provider of compensation governance solutions for analyzing trends in executive and board pay. Equilar helps its clients make informed decisions on board-level compensation related matters with independent research and was voted Top 10 Product of the Year by Human Resource Executive magazine. Equilar's clients include 18 of the 20 largest human capital firms, corporations, institutional investors, law firms and private equity firms.

About IRRC:

For more than 25 years, IRRC has been the leading source of high quality, impartial information on corporate governance and social responsibility issues affecting investors and corporations worldwide. Today, IRRC provides research, software products and consulting services to nearly 500 clients including institutional investors, corporations, law firms and other organizations.



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