The Board, in conjunction with the Compensation and Leadership Committee, sets policies and principles for CEO and senior management selection and performance review, as well as policies regarding succession in the event of an emergency or the retirement of the CEO or other member of senior management. The Board also is responsible for establishing policies and principles for the long-term succession to these positions.

The Compensation and Leadership Committee will conduct an annual review and approve corporate goals and objectives relevant to Chief Executive Officer compensation and issue its recommendation to the Board for establishing the Chief Executive Officer's compensation level based on this evaluation.