Survey Results: Executive Sessions

Our board meets in non-management executive session: (Total responses: n=80)
(select only one)
n=10 (12.50%) Before every board meeting
n=50 (62.50%) After every board meeting
n=7 (8.75%) Whenever the board decides it needs to
n=7 (8.75%) Once per quarter
n=1 (1.25%) Once per year
n=5 (6.25%) Other

Our board's Audit Committee meets in non-management executive session: (Total responses: n=81)
(select only one)
n=56 (69.14%) Every committee meeting
n=12 (14.81%) Whenever the committee decides it needs to
n=11 (13.58%) Once per quarter
n=0 (0.00%) Once per year
n=2 (2.47%) Other

When our board's Audit Committee meets in executive session: (Total responses: n=79)
(select only one)
n=68 (86.08%) All employees of the company leave the room, including the corporate secretary
n=2 (2.53%) Nearly all employees of the company leave the room, as the corporate secretary (or some other employee) stays to take minutes
n=9 (11.39%) Nearly all employees of the company leave the room, as the corporate secretary (or some other employee) stays to take minutes for part of the executive session (for example, the employee stays for internal audit sessions but leaves for sessions with the outside auditor)

During the course of the year, our board's Audit Committee meets at least once in executive session with each of the following: (Total responses: n=81)
(select all that apply, may total more than 100%)
n=81 (100.00%) Independent auditor
n=66 (81.48%) Head of internal audit
n=32 (39.51%) General Counsel
n=43 (53.09%) CFO
n=21 (25.93%) CEO
n=17 (20.99%) Chief Compliance Officer
n=10 (12.35%) Other