This excerpt taken from the MXM DEF 14A filed Apr 25, 2006.
"KACC")), to all executive officers and other employees of the Company and its non-Kaiser subsidiaries. However, the Policy Committee is not responsible for the matters specified in the following paragraph. Messrs. Levin (Chairman), Cruikshank, Rosenberg and Rosenthal served as members of this committee during 2005. The Policy Committee met on nine occasions during 2005 and did not act by written consent.
The Board is responsible for administering and amending the MAXXAM 1994 Non-Employee Director Stock Plan, as amended and restated in 2004 (the