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WORLD RECOGNITION of DISTINGUISHED GENERAL COUNSEL GUEST OF HONOR: Steven M. Glick Senior Vice President, Chief Legal Offi cer and Corporate Secretary, Public Storage (2010–2015) Copyright © 2015 Directors Roundtable WORLD RECOGNITION of DISTINGUISHED GENERAL COUNSEL THE SPEAKERS Steven M. Glick Mark Pecheck Senior Vice President, Chief Legal Officer Partner, Gibson Dunn LLP and Corporate Secretary, Public Storage (2010–2015) Michael Quigley Joshua Zielinski John Marzulli Partner, Kim & Chang (Korea) Partner, McElroy, Deutsch, Partner, Shearman Mulvaney & Carpenter LLP & Sterling LLP (The biographies of the speakers are presented at the end of this transcript. Further information about the Directors Roundtable can be found at our website, www.directorsroundtable.com.) TO THE READER General Counsel are more important than ever in history. Boards of directors look increasingly to them to enhance financial and business strategy, compliance, and integrity of corporate operations. In recognition of our distinguished Guest of Honor’s personal accomplishments in his career and his leadership in the profession, we are honoring Steven M. Glick, General Counsel of Public Storage during 2010–2015, with the leading global honor for General Counsel. Public Storage is a real estate investment trust that primarily acquires, develops, owns, and operates self-storage facilities. It is one of the largest real estate companies and landlords in the world. (The national and worldwide operations are described further below.) His address focuses on key issues facing the General Counsel of an international business during the course of his legal career, which includes 16 years of practice in Europe. The panelists’ additional topics include international business and law; mergers and acquisitions; intellectual property; tax strategies; and litigation. The Directors Roundtable is a civic group which organizes the preeminent worldwide programming for Directors and their advisors including General Counsel. Jack Friedman Directors Roundtable Chairman & Moderator Spring 2015 2 Copyright © 2015 Directors Roundtable WORLD RECOGNITION of DISTINGUISHED GENERAL COUNSEL Steven M. Glick is believed to be the only and honors he has received is the inaugu- U.S. lawyer to have served as General ral Founders Award of the Association of Counsel of major U.S. (Public Storage) and Media & Entertainment Counsel (“AMEC”), U.K. (Ladbrokes and Graseby) public com- an award which subsequently has also panies, as well as for the Americas for a been bestowed on the head of the Media major French public company (Thomson). & Entertainment Group at Microsoft, the Mr. Glick also has held senior business President of the Motion Picture Association positions in diverse businesses involving of America, and the Founder of JAMS. business development in the U.S., U.K. and Japan, licensing internationally, and Mr. Glick is a graduate with honors of the general management in Asia Pacific and University of Connecticut School of Law, Latin America. His early career (1984–92) where he served as Articles Editor on the was spent in private practice with Shearman Connecticut Law Review, of the London & Sterling, in their New York, London and School of Economics, where he received an Steven M. Glick Paris offices. M.Sc. in Politics (with special reference to Senior Vice President, Chief Legal the Politics and Government of Russia), and Officer and Corporate Secretary, In recognition of his distinguished global legal of Elmira College, where he received a B.S. Public Storage (2010–2015) career and in-house practice, the Directors magna cum laude and was one of the gradu- Roundtable awarded Mr. Glick with its World ating class’ two commencement speakers at General Counsel honor in March 2015. In the college’s Candlelight Ceremony. He was 2008, the International Law Office, in con- born and raised in the Bronx, is married with junction with the Association of Corporate two children, and has lived with his family in Counsel, nominated Mr. Glick as General Santa Monica, California since 2002, follow- Counsel of the Year. Among other awards ing nearly two decades in Europe. Public Storage Public Storage, a member of the S&P 500 storage facilities located in seven Western and FT Global 500, is a real estate invest- European nations, with approximately ten ment trust that primarily acquires, develops, million net rentable square feet operated owns, and operates self-storage facilities. under the “Shurgard” brand. The Company The Company’s headquarters are located in also owns a 42% common equity interest in Glendale, California. As of December 31, PS Business Parks, Inc. (NYSE:PSB) which 2014, the Company had interests in 2,250 owned and operated approximately 29 mil- self-storage facilities located in 38 states, lion rentable square feet of commercial space with approximately 146 million net rentable — primarily flex, multi-tenant office and square feet in the United States; and 193 industrial space — as of December 31, 2014. Spring 2015 3 Copyright © 2015 Directors Roundtable WORLD RECOGNITION of DISTINGUISHED GENERAL COUNSEL JACK FRIEDMAN: Good morning. I am Jack Friedman, Chairman of the Directors Roundtable. Many of you have been to our programs, but for those who are not famil- iar, we started our programming in Los Angeles in 1991. Since then we have done 800 events in 14 countries. Our primary goal is to work with Directors and their advisors, who can include General Counsel and other members of the Bar. Before I turn the program over to the Guest of Honor, I want to thank Deanell Tacha, the Dean at the Pepperdine University School of Law, for coming. She has been a speaker at our programs previously; her last position was as the Chief Justice of the 10th Circuit for the Federal Court of Appeals. It is a great honor for the legal community to have her here. One of our panelists is an alumnus of Pepperdine, Mike Quigley, who JACK FRIEDMAN: I would now like to Then I want to introduce, immediately on you will meet later. introduce Amy Forbes. my right, Mark Pecheck, who is a partner at Gibson Dunn, here in Los Angeles. I Now I would like to give a brief background AMY FORBES: Good morning. I’m Amy first met Mark about ten years ago while on Steve Glick, who is retiring from his Forbes, the Co-Partner-in-Charge of the Los I was at Thomson/Technicolor. Mark is a current position after 30 years of service in Angeles office, and I wanted to welcome very highly accomplished and well-regarded the legal community. He most recently has you all here. Enjoy the view and enjoy the real estate lawyer. He’s been with Gibson been the Chief Legal Officer and Senior morning. We are very pleased to have this for over 30 years, so he, too, is a member of Vice President of Public Storage, as well as program here. Thanks very much. the 30-year+ club. its Corporate Secretary. Earlier positions included General Counsel of the Americas JACK FRIEDMAN: And now our Guest Then, to my far left, as you all now know, for Thomson (Technicolor), Executive of Honor. is a graduate of Pepperdine Law School, Vice President at Paramount Pictures, and Mike Quigley. Until the end of last year, General Counsel at Ladbrokes, a FTSE-100 STEVEN M. GLICK: Thank you, Jack, Mike was the head of the Tax Controversy U.K. public company. It is a distinguished for those kind words. Let me also thank the and Tax Litigation practice at White & Case career, from which he will draw some Directors Roundtable for honoring me and in Washington, D.C. He is now based out of useful comments about being in private organizing what I am sure will be, for all of Seoul, Korea with Kim & Chang. I worked practice and in-house, both in the United us, an enjoyable and informative event today. closely with Mike for several years on an States and overseas. Steve attended Elmira important transfer pricing matter, and in that College, the London School of Economics, I wanted to first thank and introduce the time, I came to respect his work immensely. and the University of Connecticut’s School panelists individually, as Jack mentioned. Mike, I am glad that the event today gave you of Law. I could spend the whole morning To my immediate left is John Marzulli, a chance, since you were raised in California, on just his accomplishments. who is a partner at Shearman & Sterling to come back to visit. Thank you. in New York. He has been a partner for Instead, we will start with a welcome from over 30 years. John and I worked together Our final panelist, to my far right, is Amy Forbes, Co-Partner-in-Charge of Gibson at Shearman’s in both New York and in Josh Zielinski, who is a partner in the Dunn in Los Angeles. Then our distinguished London in the early part of our careers, and Commercial Litigation group at McElroy, Guest of Honor, Steve Glick, will make his we even played on the Shearman’s basket- Deutsch in Newark, New Jersey. Josh is opening remarks. He will be followed by our ball team together! John is a fine lawyer; a top-flight litigator whom I and my com- Panelists, who we will bring into the discus- he’s a friend; and he was a much better bas- pany have worked with on a large number sion as the morning goes along. ketball player than I was, as well! of matters. Spring 2015 4 Copyright © 2015 Directors Roundtable WORLD RECOGNITION of DISTINGUISHED GENERAL COUNSEL General Counsel of Ladbrokes, a FTSE 100 Luck has definitely played a part in whatever company. While I was there, they owned success I’ve achieved over the course of my and operated the Hilton Hotels outside the legal career.