Terra Nova Financial Group, Inc.

Corporate Governance
Directors
Executive Committee
Contact the Board
Transfer Agent

Committee Charters

Governance Documents

	Audit Committee
	Compensation Committee
	Nominating & Corporate Governance Committee

	Code of Ethics and Conduct
	By-Laws
	Governance Principles

Bernay Box - Director and Chairman of the Board

Bernay Box was appointed as a Director and Chairman of the Board in June 2006. He is the founder and managing partner of Bonanza Capital, Ltd, a private investment partnership. Based in Dallas, Texas, Bonanza is a small-cap investment fund managing money for high net worth and institutional clients. Mr. Box has over 20 years of investment experience and is a graduate of Baylor University.

Charles B. Brewer - Director

Charles B. Brewer was elected as a Director in January 2004. Mr. Brewer serves as President and Chairman of Senior Quality Lifestyle Corporation, a non-profit corporation that operates upscale retirement and assisted living communities in Dallas and Houston, and is developing one at Barton Creek in Austin. Mr. Brewer is an attorney and has served as a director of a number of publicly traded companies. He has been principally employed for the last 11 years in restructuring financially troubled companies on behalf of various creditor groups. Mr. Brewer holds B.A. and J.D. degrees from Southern Methodist University.

Russell N. Crawford - Director

Russell N. Crawford was elected as a Director in June 2005. Since 2001 Mr. Crawford has served as Vice President and Chief Marketing Officer of Mills Electrical Contractors, a division of Integrated Electrical Services, Inc., in Dallas, Texas. His long career in the electrical services industry has included, among other executive and management positions, the founding and serving as President of Crawford Electric Supply Company in Dallas, Texas from 1986 to 1997. Mr. Crawford holds a B.S. degree in Biology and Chemistry from Stephen F. Austin University.

Gayle C. Tinsley - Director

Gayle C. Tinsley has served as a Director since April 1998, and from April 1998 to September 2001 was also Chief Operations Officer of the Company. Since October 2001 he has served as Chief Operating Officer of CW Dalcan Management Services, Ltd., a real estate management company that owns and operates multiple commercial buildings in Texas and Louisiana . Mr. Tinsley has more than 30 years of senior management experience with high tech companies ranging in size from startup to Fortune 500 Corporations. Among his most prominent achievements is the development of the Automated Teller Machine now widely used around the world as an indispensable standard in the banking industry. Mr. Tinsley has also served as a consultant to small businesses in the areas of business and marketing plan development and capital funding. He has held positions as Vice President of Sales, Marketing and Technical Services of VMX Corporation, former President and Chief Executive Officer of Docutel/Olivetti Corporation, and various management positions with Xerox Corporation, Recognition Equipment, Inc. and IBM Corporation, where he began his business career. He received both his B.S. and Master's Degrees from East Texas State University, now Texas A & M University, Commerce.

Murrey Wanstrath - Director

Murrey Wanstrath was appointed as a Director of the Company in June 2006. He is currently with Bonanza Capital, Ltd., a hedge fund focused on investing in small cap public companies. Mr. Wanstrath has 10 years of experience in the financial services sector and joined Bonanza Capital in November 2005. He is responsible for identifying and executing direct investment transactions for both public and private companies. Mr. Wanstrath has earned the Chartered Financial Analysts designation, and graduated from the University of Arkansas in Fayetteville with a Bachelor of Business Administration in Accounting.

Stephen B. Watson - Director

Stephen B. Watson was elected as a Director in January 2004. Mr. Watson is the International Chairman of Stanton Chase International, an executive search firm, having previously served as Managing Director of the Dallas office since December 2001. Prior to Stanton Chase, Mr. Watson was a managing partner at Russell Reynolds Associates, a senior partner at Heidrick & Struggles, and the technology practice leader and Board member of Ray & Berndtson. Mr. Watson previously served as Chairman, President and CEO of Micronyx, a leading supplier of security products, spent nine years at Tandem Computers as a regional director, and over 13 years at Burroughs Corporation, where he held various management positions. Mr. Watson received his B.S. degree in electrical engineering from the University of Wisconsin, and his M.B.A. from Southern Methodist University.

Michael Nolan - President

Michael Nolan was appointed the Chief Executive Officer of Terra Nova Financial Group, Inc. in August 2006. Mr. Nolan is President of Terra Nova Financial, LLC, a position he has held since the Company’s merger with Terra Nova in May 2006. Mr. Nolan joined Terra Nova in 1997 where his responsibilities increased over time to encompass management of the firm’s, risk, operations, trading, administration and technology functions, leading to his appointment as Chief Operations Officer in January 2000. In addition, Mr. Nolan has played an important role on key initiatives of the firm, including options trading, futures trading and its conversion to self clearing. Previously, he held positions with financial institutions Archipelago, Chicago Partnership Board, Man Financial, Geldermann Securities, and A.G. Edwards. He currently serves as a Director of the Judd Goldman Adaptive Sailing Foundation, Chicago. Mr. Nolan holds a B.A. from Michigan State University.

Jerry Kallas - Executive Vice President

Jerald G. Kallas, joined the Company in August 2005 and became an Executive Vice President in October of 2006. Mr. Kallas leads the Institutional and Wholesale sales and trading effort at Terra Nova and comes to Terra Nova with over 25 years of trading and sales experience. From 1980-2005, Mr. Kallas was a partner with the Institutional floor brokerage firm Engelman Securities which was acquired by E-Trade Financial in 2002. Mr. Kallas was a member of the Chicago Stock Exchange and during his tenure served on various committees with the exchange. Mr. Kallas is a member of the Securities Traders association of Chicago, Board of Directors Member of the Wall Street Committee for St. Jude Children’s Research Hospital and a Member of St. Xavier University Advisory Council. Mr. Kallas has a Bachelor of Arts degree from St Xavier University.

Edwin L. McClendon - Executive Vice President

Edwin L. McClendon joined the Company in October 2006 as Executive Vice President and Head of Investment Banking. Mr. McClendon has 25 years of broad experience in the investment industry. Mr. McClendon has served 10 years in senior Equity Research positions at 1st Chicago Investment Management, BMO Nesbitt Burns Securities, Advest and William Blair & Company LLC. In addition to publishing detailed company and industry research reports, he was active in advising High Technology investment banking clients on public offerings, mergers & acquisitions and private placements. In 2001 Mr. McClendon formed McClendon & Associates LLC a management consulting firm that provided M&A advisory services, distressed securities and private equity analysis, and investment research services. In 2003 Mr. McClendon co-founded West Loop Partners LLC, and was general partner of the West Loop Partners Long/Short Balanced Fund 1 L.P. until 2006. Mr. McClendon is a graduate of Macalester College in St. Paul, MN with majors in Economics and Political Science.

Please choose one of the below listed options to report complaints concerning accounting, internal accounting controls or auditing matters or other concerns to Investor Relations, the Board of Directors or the Audit Committee.

Call:	(312) 827-3602
Write:	Gregg Fuesel / Director of Investor Relations Terra Nova Financial Group, Inc. 100 S. Wacker, Suite 1550 Chicago, IL 60606
Email:	invrelations@tnfg.com

Complaints relating to accounting, internal accounting controls or auditing matters will be referred to members of the Audit Committee.

Other concerns will be referred to the Executive Committee of the Board.

All complaints and concerns will be received and processed by the Director of Corporate Governance.

You will receive a written acknowledgment from the Director of Corporate Governance upon receipt of your written complaint or concern.

Legal entity name of the transfer agent and registrar:

Computershare Trust Company, N.A.

For DWAC instructions provided to brokers:

FAST Transfer Agent number – 50150

For standard US postal mail for investors:

Computershare Trust Company, N.A.
P.O. Box 43078
Providence, RI 02940-3078

For overnight/express delivery for investors:

Computershare Trust Company, N.A.
250 Royall Street
Canton, MA 02021

Telephone and Fax for investors and all types of shareholder plans:

Toll free within US and Canada +1 800 884 4225
Telephone from outside US and Canada +1 781 575 4706

Website: