During the fiscal year ended March 31, 2012, the Board of Directors convened ten times. The Nominating Committee met five times, the Audit Committee met ten times and the Compensation Committee met eight times. All 13 outside Directors participated in all meetings of the Board of Directors held during his/her tenure period of the fiscal year ended March 31, 2012 except for Sir Peter Bonfield, Fujio Cho, Yukako Uchinaga, Yorihiko Kojima, and Osamu Nagayama. (Sir Peter Bonfield participated in eight meetings out of ten; Fujio Cho participated in seven meetings out of ten; Yukako Uchinaga, Yorihiko Kojima and Osamu Nagayama each participated in nine meetings out of ten.) Also, all 12 outside Directors who are members of Committees participated in at least 80 percent of the aggregate number of meetings of each Committee held during the fiscal year ended March 31, 2012. All three outside Directors who are members of the Audit Committee participated in all meetings of the Audit Committee held during his/her tenure period of the fiscal year ended March 31, 2012.