Sec. 7. The board of directors of the corporation may meet in executive session to do any of the following:
(1) Discuss negotiating strategies with respect to financing arrangements or proposals, in addition to those items listed in IC 5-14-1.5-6.1.
(2) Discuss, prepare bids for, or respond to proposals or arrangements for raising capital or acquiring assets.
(3) Discuss and prepare competitive marketing strategies.
(4) Engage in strategic planning.