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, former 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.
On June 02, 2008, Wachovia announced that Mr. Thompson would retire and that Lanty L. Smith had been appointed interim chief executive officer. Previously, Mr. Smith was named board chairman. While serving as interim CEO, Mr. Smith is not considered an independent director.
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