PCG » Topics » 6. Selection of the Chairman of the Board and the Chief Executive Officer

This excerpt taken from the PCG DEF 14A filed Apr 1, 2009.

6.     Selection of the Chairman of the Board and the Chief Executive Officer

    The Chairman of the Board and the Chief Executive Officer are elected by the Board.

    Based on the circumstances existing at a time that there is a vacancy in the office of either the Chairman of the Board or the Chief Executive Officer, the Board will consider whether the role of Chief Executive Officer should be separate from that of Chairman of the Board, and, if the roles are separate, whether the Chairman should be selected from the independent directors or should be an employee of the Corporation.

This excerpt taken from the PCG DEF 14A filed Apr 2, 2008.

6.     Selection of the Chairman of the Board and the Chief Executive Officer

    The Chairman of the Board and the Chief Executive Officer are elected by the Board.

    Based on the circumstances existing at a time that there is a vacancy in the office of either the Chairman of the Board or the Chief Executive Officer, the Board will consider whether the role of Chief Executive Officer should be separate from that of Chairman of the Board, and, if the roles are separate, whether the Chairman should be selected from the independent directors or should be an employee of the Corporation.

This excerpt taken from the PCG DEF 14A filed Mar 14, 2006.

6.     Selection of the Chairman of the Board and the Chief Executive Officer

    The Chairman of the Board and the Chief Executive Officer are elected by the Board.

    Based on the circumstances existing at a time that there is a vacancy in the office of either the Chairman of the Board or the Chief Executive Officer, the Board will consider whether the role of Chief Executive Officer should be separate from that of Chairman of the Board, and, if the roles are separate, whether the Chairman should be selected from the independent directors or should be an employee of the Corporation.

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