Board Meetings

While the board is not involved in the day-to-day operations of Williams, directors are kept informed about the business through discussions with the CEO and other officers, by reviewing analyses and reports provided to them on a regular basis and by participating in board and committee meetings. The standard practice for frequency of board meetings is to meet at least six times a year, however, the board meets frequently as necessary to conduct the business of the corporation.

The independent, non-management directors meet without the CEO present at the beginning of each regularly scheduled board meeting.