This excerpt taken from the GVHR DEF 14A filed Apr 12, 2007.
Attendance at Board, Committee and Annual Shareholder Meetings
Our board held ten meetings in 2006. All directors are expected to attend (in person or by telephonic means) each meeting of our board and the committees on which he or she serves and are also expected to attend the annual meeting of our shareholders. In 2006, no director attended less than 75% of the meetings of our board and the committees on which he or she served. Seven of our nine directors attended our 2006 shareholders meeting.
Our board does not have a formal policy that seeks to limit the number of committee seats held by an independent director, but our boards guideline of attending all meetings reflects our boards expectation that each director will meet his or her commitments to the position. The time commitments of directors vary substantially with regard to their individual involvement with their primary positions; their involvement with other commercial, charitable and similar organizations; and certain other commitments. A directors involvement with other boards is just one factor considered by our nominating/corporate governance committee in deciding if a director can devote the time and attention necessary to be an informed and effective director of our company.