Travelers Institute Advisory Board

Travelers Institute Advisory Board comprises a distinguished group of public policy experts who provide a wide range of perspectives to assist in developing the company's platform on specific issues. The members are Richard I. Beattie, Janet M. Dolan, Richard Herring and, Alice Rivlin.

Richard I. Beattie is Chairman of Simpson Thacher & Bartlett LLP where he specializes in mergers and acquisitions, leveraged buyouts and corporate law and finance. During the Carter Administration, he served as General Counsel of the Department of Health, Education and Welfare, and in 1980, as Director of the Transition and Counsel to the Secretary of Education, he was in charge of organizing the U.S. Department of Education. During the 1980s, Mr. Beattie served on the New York City Board of Education. He has served as a Special Advisor to the Secretary of State and during 1995-1997 was President Clinton's Emissary for Cyprus. Mr. Beattie is also Chairman of the Board and founder of New Visions for Public Schools, a not-for-profit organization that develops and implements programs to affect system-wide improvements in public education in New York City. He is also a member of the Board of Directors of Harley-Davidson, Inc., Heidrick & Struggles and the National Women's Law Center, as well as a member of the Council on Foreign Relations and Vice Chairman of the Board of Overseers and Managers of Memorial Sloan-Kettering Cancer Center and Chairman of the Board of Managers of Memorial Hospital for Cancer and Allied Diseases. Mr. Beattie joined Simpson Thacher & Bartlett in 1968 after graduating from the University of Pennsylvania Law School. Prior to law school, he served four years in the Marine Corps as a jet pilot after graduating from Dartmouth College in 1961.

Janet M. Dolan, President, Act III. Enterprises, is the past President and Chief Executive Officer of Tennant Company. She retired from Tennant in December, 2005. Janet joined Tennant in 1986 as Associate General Counsel. She advanced to Vice President, Secretary and General Counsel in 1990, and to Senior Vice President and General Counsel in 1995. In 1996, Janet was promoted to Executive Vice President, and then assumed the role of President and Chief Operating Officer in 1998. In April 1999, she was named President and CEO. Before joining Tennant, she was a trial lawyer for 10 years. After 10 years as a trial lawyer and 20 years in Corporate America, Janet has moved on to what she calls "Act III." in life. This is the time in life when you get to do what you want to do, rather than what you have to do. In Janet's Act III., she is trying her hand at writing fiction and she is on the speaker's circuit. She is also focusing her time and money on wind energy and scholarships for minority students. She also continues to serve on boards. Janet chairs the board of Wenger Corporation and serves on the boards of Donaldson Company, Inc and Travelers Companies, Inc., as well as Minnesota Public Radio/American Public Media Board of Trustees. She is also a member of the NYSE Listed Company Advisory Committee and has served on the SEC Advisory Committee on Smaller Public Companies. She is a Board Member on the Oslo Center for Peace and Human Rights – U.S. Foundation and a Board Member on the Norway House. In addition, Janet has started her own business called Act III. Enterprises, a consulting firm established to help others plan for their own Act III. A native of Benson, Minnesota, Janet has a bachelor's degree from the College of St. Catherine in St. Paul, and a JD from the William Mitchell College of Law in St. Paul. Janet lives in Minneapolis with her husband, William Moore. Her interests include reading, cooking, long distance running, travel and enjoying time with family and friends.

Richard J. Herring is Jacob Safra Professor of International Banking and Professor of Finance at The Wharton School, University of Pennsylvania where he is also Co-Director of The Wharton Financial Institutions Center. From 2000 to 2006 he served as Director of The Lauder Institute of Management and International Studies, a dual degree program that combines a Wharton MBA with a Masters in International Studies. From 1995 to 2000, he served as Vice Dean and Director of Wharton's Undergraduate Division. Outside the University he serves as Co-Chair of the US Shadow Financial Regulatory Committee. He was a member of the Group Thirty Study Groups on the Reinsurance Industry and on Global Institutions, National Supervision and Systemic Risk. He is currently the 2006 Professorial Fellow in Banking and Monetary Studies sponsored by the Reserve Bank of New Zealand and Victoria University of Wellington. At various times he has served as a consultant to the IMF and World Bank, as well as the various US regulatory agencies. Since 1990 he has been a Director of the New York Complex of DWS Scudder Mutual Funds and some of their predecessor organizations. He is the author of more than 100 articles, monographs and books on various topics in financial regulation and international finance.

Alice M. Rivlin is a visiting professor at the Public Policy Institute of Georgetown University and a senior fellow in the Economic Studies Program at Brookings. She directs Brookings Greater Washington Research. Before returning to Brookings, Ms. Rivlin served as vice chair of the Federal Reserve Board (1996-99). She was director of the White House Office of Management and Budget in the first Clinton Administration. She also chaired the District of Columbia Financial Management Assistance Authority. Ms. Rivlin was the founding director of the Congressional Budget Office (1975-83). She was director of the Economic Studies Program at Brookings. She also served at the Department of Health, Education and Welfare as Assistant Secretary for Planning and Evaluation. Ms. Rivlin received a MacArthur Foundation Prize Fellowship, taught at Harvard, George Mason, and The New School Universities, has served on the Boards of Directors of several corporations, and as President of the American Economic Association. She is currently a member of the Board of Directors of the New York Stock Exchange. She is a frequent contributor to newspapers, television, and radio, and is currently a regular commentator on Nightly Business Report. Her books include Systematic Thinking for Social Action (l971), Reviving the American Dream (1992), and Beyond the Dot.coms (with Robert Litan, 2001). She is co-editor of the Restoring Fiscal Sanity series: Restoring Fiscal Sanity: How to Balance the Budget (2004, with Isabel Sawhill) Restoring Fiscal Sanity 2005: Meeting the Long-Run Challenges (with Isabel Sawhill), and Restoring Fiscal Sanity 2007: The Health Spending Challenge (with Joseph Antos), as well as of The Economic Payoff from the Internet Revolution (2001, with Robert Litan). She received a B.A. in economics from Bryn Mawr College; and a Ph.D. from Radcliffe College (Harvard University) in economics 1958.

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