The board recognizes that one of its vital concerns is to ensure an orderly succession of the management chain. TI will attract, develop and retain talented managers and assure a succession of those most talented for top management positions, in particular, the position of chief executive officer.

The board’s activities in connection with succession planning include:

1. Annual review by the chief executive officer of the potential successors for each of the company’s senior managers.
2. Annual review of the chief executive officer’s evaluation of the performance of the company’s senior managers.
3. Attendance at the company’s strategic planning conferences.
4. Other opportunities, possibly initiated by board members, to broaden their acquaintance with top TI managers.

Adopted: 11-30-79
Revised: 08-1-08