What is the relation between guidelines 28(b)(1) and 28(b)(4)?
Don't they conflict with one another? Or does 28(b)(4) establish a materiality threshold for 28(b)(1)? In other words, is the FDIC saying that an outside director who serves as a consultant, advisor, promoter, underwriter, legal counsel, or trustee may be considered independent of management, providing the direct and indirect compensation paid to the director or immediate family members for these services is limited to $100,000 or less during any 12-month period?