Board of Directors

Robert H. Herz

Robert H. Herz was Chairman of the Financial Accounting Standards Board (FASB) from July 2002 to September 2010. Since September 2010, Mr. Herz has served as President of Robert H. Herz LLC, providing consulting services on financial reporting and other matters. He also has served as a senior advisor to WebFilings LLC, a provider of financial reporting software, since February 2011. From January 2001 to June 2002, Mr. Herz was a part-time member of the International Accounting Standards Board ("IASB"). He was a partner in PricewaterhouseCoopers LLP from 1985 until his retirement in 2002. He serves on the Accounting Standards Oversight Council of Canada, on the Leadership Board of the Manchester Business School in England, as Trustee of the Kessler Foundation, and as an executive in residence at the Columbia Business School.

Mr. Herz has been a Fannie Mae Director since June 2011.

Page last revised: 09/23/11