This excerpt taken from the NEWS DEF 14A filed Apr 16, 2007.
The Board of Directors has determined that all our directors, other than Messrs. Conway and Schmidt-Fellner, are independent under the criteria established by NASDAQ, and that the members of the Audit Committee also meet the additional independence requirements of the Securities and Exchange Commission. None of these directors, to the Companys knowledge, had any business, financial, family or other type of relationship with the Company or its management other than as a director and stockholder of the Company.
The Board of Directors held twelve meetings during 2006. Independent directors regularly meet in executive session in which only independent directors are present. All Board members whose terms continue after the annual meeting of stockholders are expected to attend the annual meeting of stockholders, subject to special circumstances.
The Board has standing Audit, Compensation and Nominating and Governance Committees.