This excerpt taken from the ITG DEF 14A filed Mar 29, 2006.
ELECTION OF DIRECTORS AND COMPENSATION MATTERS
The number of directors to be elected at the annual meeting has been fixed at seven by the nominating and corporate governance committee of our board of directors. Such directors will be elected to serve until the next annual meeting of stockholders or until successors shall have been duly elected and qualified.
Each nominee listed below has been nominated for election by the nominating and corporate governance committee of our board of directors and has consented to serve as a director if elected. In the event that any nominee shall be unable to serve as a director (which is not now anticipated), proxies will be voted for substitute nominees recommended by the board of directors or the board of directors may elect to reduce the number of directors. All of the nominees for election as a director are presently members of the board of directors.
The board of directors has determined that Mssrs. Burdett, Jacobs, Jones, King, Steck, and Ms. OHara are independent within the meaning of the NYSE listing standards. Our board of directors policies for determining director independence are available on our website at http://www.itg.com/investors/guidelines.php.
Ms. OHara has been our lead director since January 2005.