A committee of directors will review the bids, a process that could last about two weeks.

The company's special committee of outside directors met late yesterday to begin considering the bids.

The company said a committee of independent directors would review the offer.

"You would have more confidence if they had set up a committee of outside directors to review bids," he said.

The company said that it had appointed a special committee of independent directors to evaluate the offer.

After the merger, key personnel decisions would be made by a committee of directors from both banks.

It has also created a committee of independent directors to work with the government regulators.

It said a special committee of directors would be created to study offers.

The transaction was reviewed by a special committee of independent directors.

The Kashmir question is discussed very regularly in the committee of political directors.