International Shipholding’s Board of Directors has three standing committees, the Audit Committee, the Compensation Committee, and the Nominating and Governance Committee, that operate under written charters adopted by the Board.  The Audit, Compensation, and the Nominating and Governance Committees are each composed of the same five directors, who are all independent under the NYSE listing standards, including Messrs. Lane, Robinson, Lupberger, McNamara, and Trowbridge.