This excerpt taken from the BKS 8-K filed Jan 10, 2008.
B.3. Executive Sessions
Non-management directors will meet in executive sessions routinely and regularly and, if the group of non-management directors includes any director who is not independent, the independent directors will meet at least once a year in an executive session of only independent directors. As appropriate, some of the executive sessions of the non-management directors should be with the CEO and some should be outside the presence of the CEO and any other management officials. The chairperson of the Board committee responsible for the principal subject being discussed shall preside at the executive session.
On January 10, 2008, the Company advised NYSE, by telephone, that this change had been made in order to ensure continuing compliance with Section 303A.03 of the NYSE Listed Company Manual.