Board Committee Performance & Attendance

As per the Manual on Corporate Governance, the Board convenes a minimum of six times per year, with meetings scheduled a year in advance to ensure high participation rates. The Chairman, President, or Corporate Secretary can call special board meetings at the request of any two directors. Any director who is absent or does not participate in more than 50% of all meetings, regular and special, in a year may face temporary disqualification in the following election. Non-executive directors meet at least once annually without the presence of executive directors or Management representatives. Board papers and materials are distributed at least one week (five business days) prior to the meeting.