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Exhibit 14.1

THE CORPORATE EXECUTIVE BOARD COMPANY

CODE OF ETHICS FOR SENIOR FINANCIAL OFFICERS

1. Purpose

The Board of Directors (the Board) of The Corporate Executive Board
Company (the Company) has adopted the following Code of Ethics (the Code)
to apply to the Companys Chief Executive Officer, Chief Financial Officer,
Chief Accounting Officer, Controller and Treasurer (the Senior Financial
Officers). This Code is intended to focus Senior Financial Officers on areas
of ethical risk, provide guidance to help them recognize and deal with ethical
issues, provide mechanisms to report unethical conduct, foster a culture of
honesty and accountability, deter wrongdoing and promote fair and accurate
disclosure and financial reporting.

No code or policy can anticipate every situation that may arise.
Accordingly, this Code is intended to serve as a source of guiding principles.
Senior Financial Officers are encouraged to bring questions about particular
circumstances that may involve one or more of the provisions of this Code to
the attention of the Chair of the Audit Committee, who may consult with inside
or outside legal counsel as appropriate.

2. Introduction

Each Senior Financial Officer is expected to adhere to a high standard of
ethical conduct. The good name of the Company depends on the way Senior
Financial Officers conduct business and the way the public perceives that
conduct. Unethical actions, or the appearance of unethical actions, are not
acceptable. Senior Financial Officers are expected to be guided by the
following principles in carrying out their responsibilities:



| |  |  | Loyalty. Senior Financial Officers should not be, or appear
to be, subject to influences, interests or relationships that
conflict with the best interests of the Company.
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| |  |  | Compliance with Applicable Laws.Senior Financial Officers
are expected to comply with all laws, rules and regulations
applicable to the Companys activities.
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| |  |  | Observance of Ethical Standards.Senior Financial Officers
must adhere to high ethical standards in the conduct of their
duties. These include honesty and fairness.
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3. Integrity of Records and Financial Reporting

Senior Financial Officers are responsible for the accurate and reliable
preparation and maintenance of the Companys financial records. Accurate and
reliable preparation of financial records is of critical importance to proper
management decisions and the fulfillment of the Companys financial, legal and
reporting obligations. Diligence in accurately preparing and maintaining the
Companys records allows the Company to fulfill its reporting obligations and
to provide stockholders, governmental authorities and the general public with
full, fair, accurate, timely and understandable disclosure. Senior Financial
Officers are responsible for establishing and maintaining adequate disclosure
controls and procedures, and internal controls and procedures, including
procedures which are designed to enable the Company to: (a) accurately document
and account for transactions on the books and records of the Company; and
(b) maintain reports, vouchers, bills, invoices, payroll and service records,
business measurement and performance records and other essential data with care
and honesty.

4. Conflict of Interest

Senior Financial Officers must avoid any conflicts of interest between
themselves and the Company. Any situation that involves, or may involve, a
conflict of interest with the Company, should be disclosed promptly to the
Chair of the Audit Committee, who may consult with inside or outside legal
counsel as appropriate.

A conflict of interest can occur when an individuals personal interest
is adverse to  or may appear to be adverse to  the interests of the Company
as a whole. Conflicts of interest also arise when an individual, or a member
of his or her immediate family, receives improper personal benefits as a result
of his or her position with the Company. Immediate family includes a
persons spouse, parents, children, siblings, mothers and fathers-in-law, sons
and daughters-in-law, brothers and sisters-in-law and anyone (other than
employees) who share such persons home.

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This Code does not attempt to describe all possible conflicts of interest
which could develop. Some of the more common conflicts from which Senior
Financial Officers must refrain, however, are set forth below.



| |  |  | Improper conduct and activities. Senior Financial Officers
may not engage in any conduct or activities that are inconsistent
with the Companys best interests or that disrupt or impair the
Companys relationship with any person or entity with which the
Company has or proposes to enter into a business or contractual
relationship.
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| |  |  | Compensation from non-Company sources. Senior Financial
Officers may not accept compensation (in any form) for services
performed for the Company from any source other than the Company.
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| |  |  | Gifts. Senior Financial Officers and members of their
immediate families may not accept gifts from persons or entities
where any such gift is being made in order to influence their
actions in their position with the Company, or where acceptance of
the gifts could create the appearance of a conflict of interest. If
a gift is accepted, the value of a gift shall not exceed a value of
$500.
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| |  |  | Personal use of Company assets. Senior Financial Officers
may not use Company assets, labor or information for personal use,
other than incidental personal use, unless approved by the Chair of
the Audit Committee or as part of a pre-defined compensation or
expense reimbursement program.
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5. Corporate Opportunities

Senior Financial Officers are prohibited from: (a) taking for themselves
personally opportunities related to the Companys business; (b) using the
Companys property, information, or position for personal gain; or (c)
competing with the Company for business opportunities.

6. Confidentiality

Senior Financial Officers should maintain the confidentiality of
information entrusted to them by the Company and any other confidential
information about the Company, its business, customers or suppliers, that comes
to them, from whatever source, except when disclosure is authorized or legally
mandated. For purposes of this Code, confidential information includes all
non-public information relating to the Company, its business, customers or
suppliers.

7. Compliance with Laws, Rules and Regulations

Senior Financial Officers shall comply with laws, rules and regulations
applicable to the Company, including insider trading laws. Transactions in
Company securities are governed by the Companys Policy on Avoidance of Insider
Trading.

8. Encouraging the Reporting of any Illegal or Unethical Behavior

Senior Financial Officers should promote ethical behavior and create a
culture of ethical compliance. Senior Financial Officers should foster
environment in which the Company: (a) encourages employees to talk to
supervisors, managers and other appropriate personnel when in doubt about the
best course of action in a particular situation; (b) encourages employees to
report violations of laws, rules and regulations to appropriate personnel; and
(c) informs employees that the Company will not allow retaliation for reports
made in good faith.

9. Conclusion

Senior Financial Officers should communicate any suspected violations of
this Code promptly to the Chair of the Audit Committee. Violations will be
investigated by the Board or by a person or persons designated by the Board and
appropriate disciplinary action will be taken in the event of any violations of
the Code, up to and including termination.

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