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Survey Results: Board Approval of Form 10-K

1. When it comes to approving the filing of the Form 10-K with the SEC, our company’s full board: [select only one]
  Answer Responses Percent  
Convenes telephonically to approve it 59 47.6%
Relies on the audit committee to convene telephonically to approve it 59 47.6%
Management already has the board’s power of attorney to sign the 10-K, so there’s no audit committee or board meeting to approve it 6 4.8%
2. When our directors are given a chance to comment on a draft of the 10-K, we typically receive back: [select only one]
  Answer Responses Percent  
No substantive questions or comments 26 20.6%
1-2 substantive questions or comments 54 42.9%
3-5 substantive questions or comments 27 21.4%
More than 5 substantive questions or comments 19 15.1%

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