A Governance Self-Assessment Form is given to the Board annually. This is intended to assess the performance of the Board as a whole, the Chairman, the individual members of the Board, Board meetings, Board committees and Board matters. The directors are advised to go over each guide question carefully and assign a number from 1 - 10 [the lowest (1) meaning strongly disagree and the highest (10) meaning strongly agree] which reflects their personal view of the degree of the company's compliance to certain corporate governance mechanisms. The results are then tallied and presented to the Board for evaluation and appropriate action. Our manual for corporate governance covers shareholders' rights, and directors' roles and responsibilities as follows: A. Shareholders' Rights Shareholders have the rights to, among others:
*Non-controlling shareholders are provided with a right to nominate candidates for board of directors/commissioners. **For voting by electronic means, we will seek SEC guidance and approval as to how to implement this. B. Directors' Diversity Upon election, each director is furnished with a director's kit that contains among other things the Manual for Corporate Governance and Corporate Code of Conduct. A list of their duties and responsibilities is found in our Manual for Corporate Governance. Our directors and officers go through trainings from the Institute of Corporate Directors. Our board is comprised of two lawyers, two certified public accountants, two engineers, four finance professionals, and five business executives. Additionally, five have served in the government.