Enrich Board Development to Ensure the Best Possible Board

NIP has partnered with the National Association of Corporate Directors (“NACD”), to encourage boards, managers, and shareholders to take steps and support tailoring their own governance structures and practices to meet the needs of their respective companies--we call it self-regulation.  This is not in any way to undermine or negate debate and development of government practices already in place, but in hopes that our Plan and NACD’s Agreed Principles will be a “first step” in strengthening corporate governance.

TEN KEY AGREED PRINCIPLES

• Board Responsibility for Governance.
• Corporate Governance Transparency.
• Director Competency and Commitment.
• Board Accountability and Objectivity.
• Independent Board Leadership.
• Integrity, Ethics and Responsibility.
• Attention to Information, Agenda and Strategy.
• Protection Against Board Entrenchment.
• Shareholder Input in Director Selection.
• Shareholder Communications.