confidence in the management, do not meddle or interfere in those areas that are the proper prerogative of management. Not only does the G. E. management work well with the Board as a whole but they also use their Directors intelligently to help them where the Directors possess special knowledge that can be of value to General Electric. Individually we are consulted by management where they think we can be of special help on the problem at hand. Of course procedures and practices alone do not assure outstanding Board performance. You have to have Directors of superior quality, and this I believe General Electric has. Each of the outside Directors enjoys an established reputation in the company he heads. In addition to their General Electric directorship, these 16 men hold 85 other directorships, including 17 banks, 9 insurance companies, and 61 other companies, including such distinguished industrial names as Continental Oil, Scott Paper, Campbell Soup, Smith, Kline and French, Cities Service, Inland Steel, National Steel, Texaco, Westpoint Pepperell Co., State Street Investment, Del Monte Corp., Chrysler, Union Carbide, Abbott Laboratories, General Mills, and J. C. Penney, just to name a few. In comparison, the Westinghouse directors hold 11 bank directorships, 2 insurance companies, and 45 industrial directorships. Even the General Motors Board with half again as many directors as General Electric, holds fewer outside directorships. General Electric Directors are trustees of 13 universities, in contrast to 6 in the case of Westinghouse.