The Board has implemented many best practices for effective governance, including having an independent lead director, formal corporate governance policy and charters, code of business conduct and whistleblower hotline, director share ownership guidelines, board and committee in-camera discussions, annual review of board and director performance, audit and risk committee meetings with internal and external auditors, orientation program for new directors, Board education sessions, committee authority to retain independent advisors, director material relationship standards, and separation of CEO and Chairman roles.