IKON is in compliance with all current rules, regulations and listing standards.

No.

Other than Matthew J. Espe, all of IKON Directors are independent under NYSE guidelines. Matt Espe, who joined IKON as President and CEO in August, 2002, was appointed to IKON's Board of Directors in September 2002. He was elected Chairman of the Board in February 2003 to replace James J. Forese who retired.

Yes. The Chairman of the Audit Committee, Kurt Landgraf, was previously Chief Financial Officer of E.I. DuPont de Nemours & Co. Gerald Luterman and Anthony Terracciano are also members of the Audit Committee and have financial experience as detailed in their biographies.

Yes. For more information, please refer to the Audit Committee Charter [PDF / 99Kb].

Yes. The daily operations of Internal Audit are the responsibility of the Chief Financial Officer, and the Audit Committee meets independently with the Vice President, Internal Audit on a quarterly basis.

Effective August 29, 2002, the Company’s executive officers and directors file changes in beneficial ownership on Form 4 within 48 hours as required by the Sarbanes-Oxley Act.

Yes. All of IKON's SEC filings can be viewed in the Financial Information section and the corporate governance documents can be viewed in the Corporate Governance section.

Yes. Any concerns or questions that an employee has regarding business conduct or business processes can be directed anonymously to The Network at 800-241-5689.

No.

We account for options in accordance with APB 25. Annually, we disclose expense related to stock options in our financial footnotes in accordance with FASB 123.

IKON presently is engaged in distribution and services businesses which do not generate significant hazardous wastes. Some of IKON’s distribution facilities have tanks for storage of diesel fuel and other petroleum products which are subject to laws regulating such storage tanks. Federal, state and local provisions relating to the protection of the environment have not had and are not expected to have a material adverse effect upon the Company’s capital expenditures, liquidity, earnings or competitive position. For additional information regarding our environmental liabilities, please refer to our 2004 Annual Report. Additional information is presented on page 15 and 16 under Item 3, Legal Proceedings and on page 62 and 63 under Note 11 to the consolidated financial statements.