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[ PGA TOUR ]




          PGA Tour Agrees With Players on

          New Governance and Transparency Measures,


          Welcomes Tiger Woods as a Policy Board Member


          PGA TOUR, 선수들과 새로운 거버넌스와 투명성 조치 합의

          타이거 우즈 정책위원회 이사로 합류




             ONTE VEDRA BEACH, Florida – PGA TOUR Com-         and Monahan has agreed to support the players and their re-
          Pmissioner Jay Monahan and the TOUR's player mem-    quests.
          bers, Player Directors and Player Advisory Council members   First, the players and Commissioner Monahan will work
          have announced a new agreement to ensure that the TOUR   together to amend the Policy Board's governing documents
          lives up to its mission of being a player-driven organization,   to make it clear that no major decision can be made in the fu-
          "for the players, by the players."  As part of the new trans-  ture without the prior involvement and approval of the Player
          parency and governance measures in the agreement, Tiger   Directors.
          Woods has agreed to join the TOUR Policy Board as a sixth   Second, the Player Directors' Special Advisor, Colin Nev-
          Player Director.  The TOUR's new Board will include six   ille, will be fully aware of the state of the negotiations contem-
          Player Directors, five Independent Directors and the PGA of   plated by the Framework Agreement, and, as such, Neville
          America Director.                                    will be provided with full access to any documents or infor-
             For clarity, the current Board includes Player Directors   mation that he requests as being necessary for him to carry
          Patrick Cantlay, Charley Hoffman, Peter Malnati, Rory Mc-  out his duties on behalf of the players.
          Ilroy and Webb Simpson; Independent Directors Chairman   Accordingly, the Player Directors will have full transparen-
          Ed Herlihy (Chairman), Jimmy Dunne, Mark Flaherty, Mary   cy and the authority to approve—or to decline to approve—
          Meeker and a to-be-announced replacement for Randall Ste-  any potential changes to the TOUR as part of the Framework
          phenson; and the PGA of America Director John Lindert.   Agreement discussions.
            Player leaders joined together to uphold the TOUR's core   Tiger Woods stated: "I am honored to represent the players
          principles and ask that certain steps be taken immediately,   of the PGA TOUR. This is a critical point for the TOUR, and
                                                               the players will do their best to make certain that any changes
                                                               that are made in TOUR operations are in the best interest of
                                                               all TOUR stakeholders, including fans, sponsors and players.
                                                               The players thank Commissioner Monahan for agreeing to
                                                               address our concerns, and we look forward to being at the
                                                               table with him to make the right decisions for the future of
                                                               the game that we all love.  He has my confidence moving for-
                                                               ward with these changes."
                                                                 "Tiger's voice and leadership throughout his career have
                                                               contributed immeasurably to the success of the PGA TOUR,
                                                               and to apply both to our governance and go-forward plan at
                                                               this crucial time is even more welcomed and impactful," said
                                                               Monahan.  "I am committed to taking the necessary steps to
                                                               restore any lost trust or confidence that occurred as a result
                                                               of the surprise announcement of our Framework Agreement.
                                                               My job in the negotiations – in partnership with our Player
                                                               Directors, PAC and the broader membership – is to advocate
          PGA Tour commissioner Jay Monahan                    for what is best for the PGA TOUR members today and in

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