GUEST: Steve Smith
                    President, SunGard Securities Transfer
 JANUARY 2007

Technology and Equity Compensation: The Chicken and the Egg... Catch 22... or Tail-Wags-Dog?

The growing complexity of equity compensation plans is testing the limits of the technologies that allow equity compensation professionals to administer, report, transact, analyze, and communicate these plans.  Ironically, the technology sector, where many of today's equity compensation practices are rooted, has amazing technology that could be applied to our administrative challenges.  But are we using them?  Fred discusses this issue with Steve Smith, President of SunGard Securities Transfer to understand the mutual challenges facing the plan design and plan administration communities as regulatory and governance factors fuel an increasing pace of change.  Steve helps us see the big picture on where technology is, and is going, for our field.

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