Meeting procedures and self-assessment

In addition to the Board and its Secretary, the Company’s President and CEO and CFO shall attend Board meetings. The agenda of the Board meetings and background material will be delivered to Board members prior to meetings. The Board shall meet as often as necessary to properly discharge its responsibilities. There shall be approximately eight regular meetings a year; the Board may convene whenever necessary in addition to these meetings.

The Board convened 12 times during the 2011 financial year. The attendance of members at the meetings was as follows:

The average attendance of members at Board meetings was 95.8 percent.

The Board and its Committees shall conduct an annual performance evaluation to determine whether the Board and its Committees are functioning effectively. The Board shall establish the criteria to be used in these evaluations, which will be conducted as internal self-evaluation. The performance review shall be discussed with the entire Board after the end of each fiscal year.