MIC’s current board leadership structure is comprised of a chairman, who is not a member of management but is appointed by MIC’s Manager, and a lead independent director in accordance with MIC’s corporate governance guidelines. Currently, Mr. Norman Brown serves as the lead independent director. MIC’s lead independent director presides at executive sessions of the independent directors, which occur at least quarterly and more often as the independent directors deem appropriate. Each of MIC’s board committees is chaired by and is wholly comprised of independent directors.
MIC’s board chairman is elected by the Manager as the sole holder of MIC’s special stock. The chairman, Mr. Martin Stanley, presides over meetings of the board of directors and meetings of stockholders, prepares the agenda for meetings of the board of directors with input from the other directors and performs such other duties as may be assigned by the board of directors.