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This excerpt taken from the BLD DEF 14A filed Oct 10, 2008. COMPENSATON
COMMITTEE INTERLOCKS
AND INSIDER PARTICIPATION IN COMPENSATION DECISIONS
Akira Hara, formerly an Executive Officer of the Company and
Chairman of Baldwin Japan Ltd., a subsidiary of the Company,
served on the Companys Compensation Committee during the
fiscal year ended June 30, 2006, but resigned from the
Compensation Committee in August 2006. In August 2007,
Mr. Hara was re-appointed to that Committee, following a
determination by the Board that he is now an Independent
Director.
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