How often and manner in which meetings are conducted

Our board of directors held five meetings during 2007. Each of our directors attended at least 75% of the total number of meetings of the board and any committees of which he or she was a member. It is the board's policy that our directors attend the annual meeting. All of the directors who were serving at our 2007 annual meeting of shareowners attended the annual meeting.

Our non-management directors hold executive sessions without management present as frequently as they deem appropriate, and at least two times each year. The presiding director for these meetings rotates meeting-by-meeting among the chairpersons of the board committees that are composed entirely of independent directors. If the non-management directors include any directors who are not deemed independent directors, than at least once a year there will be an executive session including only the independent directors.

Our board of directors has four committees: the Audit Committee, the Compensation Committee, the Nominating and Corporate Governance Committee, and the Executive Committee.

In 2007, the Audit Committee held seven meetings; the Compensation Committee held six meetings; the Nominating and Corporate Governance Committee held five meetings; and the Executive Committee held no formal meetings.