This excerpt taken from the KBW DEF 14A filed Apr 27, 2007.
Each director is expected to devote sufficient time, energy and attention to ensure diligent performance of his or her duties and to attend all Board meetings and meetings of the Board committees on which they serve. The Board met 11 times during the 2006 fiscal year, all of which were regularly scheduled meetings. All directors attended at least 75% of the meetings of the Board and of the committees on which they served during fiscal 2006.
It is the Companys policy that directors are encouraged to attend each annual meeting of stockholders.