DIRECTOR INDEPENDENCE
In February 2008, Wachovia's board determined that all of Wachovia's directors were independent, according to New York Stock Exchange rules, with the exception of: Ken Thompson, Wachovia's chairman and chief executive officer, and Ernest Rady, a former Wachovia employee.
The board has adopted Director Independence Standards 
to assist in making determinations of independence. For additional information regarding how the board determined director independence, please see Wachovia's 2008 Proxy Statement.
All members of the board's Audit, Management Resources & Compensation, and Corporate Governance & Nominating committees are independent.
The independent directors have appointed Lanty L. Smith as the board's lead independent director. The responsibilities of the lead independent director include, among other things, assisting the chairman of the board with certain board-related matters, and acting, as necessary, as the principal liaison between the independent directors and the chairman of the board.
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