REPORT ON MANAGEMENT’S RESPONSIBILITY Management is responsible for the preparation, integrity and objectivity of the Consolidated Financial Statements and  other financial information presented in this annual report.  The accompanying Consolidated Financial Statements were  prepared in accordance with accounting principles generally accepted in the United States of  America, applying certain  estimations and judgments as required. Our board of directors exercises its responsibility for the financial statements through its  Audit Committee, which  consists entirely of independent non-management board members.  The Audit Committee meets periodically with management  and with PricewaterhouseCoopers LLP, the independent registered public accounting firm retained to audit our Consolidated  Financial Statements, both privately and with management present, to review accounting, auditing, internal control and  financial reporting matters. The accompanying report of PricewaterhouseCoopers LLP  is based on its audit, which it is required to conduct in  accordance with the standards of the Public Company  Accounting Oversight Board (U.S.), and which includes the consideration  of our internal control over financial reporting to establish a basis for reliance thereon in determining the nature, timing and  extent of audit tests to be applied. 160 C. Robert Quint Executive Vice President and Chief Financial Of ficer Sanford A. Ibrahim Chief Executive Officer