Carriage is privileged to have a Board of Directors (“Board”) consisting of highly qualified individuals who are actively involved in the oversight of your Company. Carriage currently has seven directors on its Board, each of whom serve staggered three year terms. To further strengthen Carriage's corporate governance, the Audit, Compensation and Corporate Governance Committees of the Board are composed solely of independent directors. In addition, the five independent directors meet in executive session, presided by our Lead Director, without members of management present during regularly scheduled Board meetings.