Corporate Governance

Board of Directors
Avrum Gray, Chairman and Founding Partner, G-Bar Limited Partnership
Warren Lichtenstein, Manager, Steel Partners LLC
Glen Kassan, Chairman of the Board, SL Industries, Inc.; Managing Director, Steel Partners LLC
Mark E. Schwarz, Managing Member, Newcastle Partners, LP
James A. Risher, Managing Partner, Lumina Group, LLC
John McNamara, Managing Director, Steel Partners LLC

Board Committees
Executive	Audit
Glen Kassan	Avrum Gray
Mark E. Schwarz	James A. Risher
Compensation
Avrum Gray	Nominating and Governance
James A. Risher	Avrum Gray
Mark E. Schwarz	Mark E. Schwarz

Glen Kassan, Chairman of the Board, SL Industries, Inc.
William T. Fejes, Jr., Chief Executive Officer and President, SL Industries, Inc.
Louis J. Belardi, Treasurer and Corporate Controller, SL Industries, Inc.
Alan Pelan, President, SL Montevideo Technology, Inc.
Steven R. Gilliatt, President, RFL Electronics, Inc.
Don Klein, President, Teal Electronics Corporation and MTE Corporation
David Hage, President, SL Power Electronics Corporation

CODE OF CONDUCT AND ETHICS OF SL INDUSTRIES, INC.
(January, 2004)