Document yk6jgmJ37E6DNZeLB9bapnEV2

KIK!T-$ or KErTIKS BOARD OF DIRECTORS Tuesdsy,.-June. 27,-19 76, at. 6:30 A.M. . Caaeiback Isa, Scottsdale, Arizona r DIRECTORS PRESENT R. L. Cutler V. Simon J. k. Greenes R. R. Hoalii, Vies President G. A. Carrlgan obex Corporation Brasabestos hanufsecuring Cor?. Nature Corporation Kaybeatoe-Manhattan, Inc. S. R. Wellman Corporatios DIRECTORS ABSENT E. S. Zaeharias V. k. Slaeth . Carlinla. Corporation ianr-Sieglar, 1st. OFFICERS PRESENT' 7. . Messier, Praaidant. W. F. Messier, Treasurer R, ?. Gorman, Counsel E. H. Drislane, Secretary Bendiz Corporation Bendir Corporation Gorman A Cola Friction Materials Standards Institute Mr. Messier, President, called the Meeting to order at 6:30 A.M. ............... ..MXNTTSS OT Famous MgggTHGS The Minutes of .the Meetings held June 21, 22,. 1977 had been distributed. Ho corrections were suggested. Dpon motion duly made, seconded, end unanimously passed, It: was;' ... ... .- RESOLVED: That the Minutes ofrthe Jtsae 21-22, 1977 Meetings be accepted as written. The Secretary advised that in these minutes .his .salary change effective July 1, 1977 vaa not noted... .This change was covered by e letter from the President to the Secretary subsecuent to the Board of Directors Meetings. The Directors indicated that future salary changes vlll be handled by letter by :the President of tbs Institute. - . P-FMSI- 0C3(> WV-06050 F7SlKC?r*S 2SPGET Ur. Francis refer to Exhibit l. ^ Ptaaidesft, read from his prepared report. Please j^Ha +00 .# \V ^ & mentioned the regulatory atmosphere la which the industry verbs, sad changes to strengthen the Institute's Aabastos Study Committee. The President noted the owitjaued favorable*financial results for the Xascitute, liMfcerabip changes, the Institute' continued liaison with the Federation of European iianufactutera of Friction Materials, &r applications for trademark registration of T.1S cad StlSI, sad the my schedule of the annual meeting with a reception for the 2leakership. Is addition, ;ir. ttessier ataticned the recently coexisted history *rthe^ FiiSl and preliai&aiy copies were distributed, Coon oocioo duly made, seconded sad uaanitsously passed, lc vae; RESOLVED?. To accept the President ` s report e* written, 1213SRE5IP Ca&tTTZE EEFOHX Vx. Gordon 1. Carrigsa, Chairman ef the Uaatberehip Comalteas submitcad the report for the 2577-73 fiscal year.:; Flees refer ee Exhibit 2, .* * t * In this report, Ur. Cartigoa toted due me lost one Active Member (bays*-Albion) but gained one SegioaaX acmber (Don International). It was also noted that laplswaatoe tietalicos bare 3,A. of Baraquisimsta, _ ^ Veoesuela joined ee a Licensee. la addition to b&soership transfers for Sutiia end laar-Siegier, hr. Corrigan.advised that the Institute had been negotiating no a possible Regional Utesbership application by Borg 3 Beck da Mexico S.A., of texiep. * * ^ W Upon aociflm duly made, seconded end tmaaimnusly passed, it was; RESOLVED: To accept the report of the liembership J:. Cosssttte# as written. -. At this time the 'Direct*** discussed various friction materials mastraccuters vho might possibly besoms senders of tbs Institute, la particular, & question was ashed about Barg A e& de iterlcc, and the Secretary indicated that he.had ^nmapondence vitb them about possible &spiooal iSatthesetafcp. Bar5 5 Beck de :^tico is e subsidiary of Borg Berner Corporation in the Dalted States. The Secretary indicated that be expected their application for Regional teabership. ; k tmaatioc was ashed about National Friction Produces in Logaaspart, IndisLe. The Secretary indicated -that Ha had written to National Iriccion in the past, Batioaal Friction is a subsidiary at the Kalsey- Bayes Corporation. A Dirsctcr questioned t&ether National was using the TS and EJ51 numbers. The Secretary indicated that to bin .knowledge they mete not marketing their products in the replacement market using those . numbers. Tbs Secretary was asked about SBE Enterprise* in ttta&i, Florida, The Secretary indicated that be had written to SA based on literstart showing their use of HfS and JUSt numbers, la response 10 correapcndsame Opoa aotica duly made, aecreded sad unanimously passed, u was: rZSSVf&r. Zbet the Aebestte Study Cesaitas* seaslew tie Task force'* ^iinwjjed work fmeedas booklet sod resubmit le to the Board of Directors. Open notion duly made., seconded sad tmanlmmialy passed. It was; RESOLVEDs .To accept the.Asbestos Study Committee .. ..7 report as written with the oresoin& qualification a* regards the work practices booklet. public mjxims caicEmmiS isszstos nacnoK hateriils Ihr. Simon stated that he felt the Institute should do sore to advise the public concerning health studies asbestos. Is particular, he referred to an article la the Dev York Times is Uay 1976 written by Staff writer Jane Brody. This article noted that the chances of developing asbestos induced lung cancer are practical iy nil if the worker does not seek*. Be felt that the Institute should attempt to emphasise this item.* The Directors indicated that in reports dating back severs! years It has been shown that lung cancer Is not a problem with asbestos workers if they do sot smoke, It is felt that this baa been acknowledged Is papers prepared by chose at Mount Sinai and others. It vas suggested that the Institute should not gee involved in an area where medical expertise would be required. The Secretary referred to an article that had bees published in the Bergen Zacord headlined "Deadly Dust ?articles from Asbestos Brakes.*" It appeared os the front page of the Juste 19, 1976 Record in Hackensack, :k Jersey.4 The Directors examined the article end it was stated that' chare was no purpose in congesting to the newspaper concerning this article. `. ... LIABILITY EgUSAHCE Is the discussions on possible liability to the Institute for either Inadequate or inaccurate assertions in its publications, a question arose concerning liablity Insurance. Does the Institute have Insurance coverage for thie type liability? . The Secretary replied that the 7' Instituted insurance covered Officer and Employee dishonesty (Blanket Bosition Bend) end mraer-teaidst-liability for the conventional type liability suit--physical injury property damage liability. It did not have coverage for general or comprehensive liability which might arise if allegations were made as to the accuracy or adequacy of Institute publications or other Institute behavior. The Secretary was directed to contact its insurance agent to seek information on types of comprehensive`liability Insurance, its limits and its costs. t; * *r Tasre cessr- susi^M fcxa3 to ** actaation o: ta -oarc of directors, *on notion i2y race, eewmied soa Hsasifiwosly Reseed, it W5 OLVSk To adjouxa i.djearned at 12:45 V r. TJ. Stlilm Secretary