Management life – We had a Board of Directors meeting last week. Obviously it wouldn’t be appropriate to comment on matters we discussed with the Board. But I mention it because each of our four Board meetings per year is a big deal. Although we discuss issues that we already spend a lot of time on as management, preparing for a Board meeting really makes you think about what you are doing and saying. It isn’t just the Board meeting itself. The committee meetings the day before are important too. The audit committee is not usually an edge of the seat affair but it is a crucial component of proper governance in the 21st century. Meanwhile, the discussions we have in the safety, security and environment committee are always extremely beneficial to our oversight of the most sensitive areas of the business. I thought this was a particularly good meeting especially in light of the challenging nature of the current business environment.

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