This excerpt taken from the HCC DEF 14A filed Apr 13, 2007.
In August 2006, our Board of Directors formed a Special Committee of independent directors to undertake an investigation of our past stock option granting practices for the period 1995 through 2005. The Special Committee was composed of three independent directors. The members were Patrick B. Collins, Walter M. Duer and James C. Flagg (Chairman). The Special Committee held thirty-eight in person and telephonic meetings between August 24, 2006 and December 22, 2006 when it concluded its duties.