"Members of the Business Roundtable understand that all eyes are on Corporate America today to ensure businesses are run with the highest ethical standards. And, we know well managed companies that behave responsibly as corporate citizens produce long-term value for our stakeholders. That's the ultimate goal of any solid company and the reason governance is so paramount to running a successful business," said Mulcahy. "As chair of the Roundtable's Corporate Governance Task Force, I'll advocate for a strong, fair system of corporate governance that emphasizes integrity, transparency and accountability."

"Strengthening the public's trust in corporations is the responsibility of all corporate leaders," said Harold McGraw III, Chairman of Business Roundtable and Chairman, President and Chief Executive Officer of The McGraw-Hill Companies. "Our members are committed to earning that trust each day by running our companies with integrity, which means establishing and maintaining ethical business practices and strong governance structures and policies. Business Roundtable is committed to working with shareholders, policymakers and the public to strengthen the role of corporate governance."

McGraw offered praise for Odland's leadership of the task force. "Steve deserves the Roundtable's sincere thanks and appreciation for leading us through a period of substantial change in the area of corporate governance," McGraw continued.

The Roundtable was the first major business group to strongly endorse the Sarbanes-Oxley Act, and supported the efforts of the Securities and Exchange Commission to implement the law.

In addition, the Roundtable established the Business Roundtable Institute for Corporate Ethics (www.corporate-ethics.org) at the Darden Graduate School of Business Administration at the University of Virginia in 2004 to strengthen ethics and governance in corporate culture. The Institute has affiliations with 20 leading business schools and conducts research, is creating a cutting-edge business ethics curriculum, and is leading executive seminars on business ethics.

Mulcahy began her Xerox career as a field sales representative in 1976 and became Chief Executive Officer on Aug. 1, 2001, and Chairman on Jan. 1, 2002. Previously, she served the company in senior leadership positions that included customer operations, human resources and sales. In addition to her Xerox board membership, she is a board director of Citigroup Inc., Target Corporation and Catalyst.

Xerox Corporation (NYSE: XRX), headquartered in Stamford, Conn., is the world's leading document management technology and services enterprise. A $16 billion company, Xerox provides the industry's broadest portfolio of color and black-and-white document processing systems and related supplies, as well as document management consulting and outsourcing services.