The Board has adopted a written charter for each of these committees, which you can view by clicking on the committee name below.
Membership The Committee shall be appointed by the Board and shall be comprised of at least two members, consisting entirely of independent directors of the Board as determined by the Board.
The Board shall either designate one member of the Committee as chairperson or delegate the authority to designate a chairperson to the Committee. Members of the Committee shall be appointed by the Board upon the recommendation of the Nominating and Corporate Governance Committee and may be removed by the Board in its discretion.
Responsibilities The Committee shall be responsible for reviewing with Company management, and except as specifically noted herein shall have the power and authority to approve on behalf of the Board, any and all strategies, plans, policies and actions related to corporate finance, including the following: Capital structure plans and strategies and specific equity or debt financings; Capital expenditure plans and strategies and specific capital projects; Strategic and financial investment plans and strategies and specific investments; Mergers, acquisitions and divestitures; Cash management plans and strategies and all activities relating to cash accounts and cash investments portfolio, including the establishment and maintenance of bank, investment and brokerage accounts; and Plans and strategies for managing foreign currency exchange exposure and other exposures to economic risks.
Annual and multi-year operating plans Notwithstanding the foregoing, the approval of the following matters is specifically not delegated to the Committee by this Charter: In addition, notwithstanding the power and authority of the Committee to act on behalf of the Board with respect to other matters, the Committee, in its discretion, may submit any such matter, along with its recommendation with respect thereto, to the full Board for consideration and approval.
Resources and Authority The Committee shall have the resources and authority to discharge its responsibilities, including the authority, to the extent it deems necessary or appropriate, to retain independent financial, legal or other advisors.
The Company shall provide funding, as determined by the Committee, for payment of compensation to any independent advisors or administrative support employed by the Committee. Any action duly and validly taken by the Committee pursuant to the power and authority conferred under this Charter shall for all purposes constitute an action duly and validly taken by the Board and may be certified as such by the Secretary or other authorized officer of the Company.
Meetings and Reports The Committee shall meet as often as it determines, but no less than four times each year, either in person or telephonically, and at such times and places as the Committee shall determine.
A majority of the members of the Committee present in person or by telephone shall constitute a quorum. The Committee shall maintain written minutes of its meetings, which will be filed with the minutes of the Board.Caution Notice.
It has come to our notice that certain individuals misrepresent themselves to be associated with Axis Finance Ltd. (hereby referred to as "AFL") and based on this deception, they make fictitious offers for loan products using our brand name or logo.
There is a fundamental distinction between a county and a city. Counties lack broad powers of self-government that California cities have (e.g., cities have broad revenue generating authority and counties do .
ASU News: ASU CFO honored with distinguished business officer award. The Committee advises the Commission with diverse perspectives on the structure and operations of the U.S.
fixed income markets, as well as advice and recommendations on matters . Regulations of executive branch agencies are issued by authority of statutes.
Like legislation and the Constitution, regulations are a source of primary law in Washington State. When writing the charter, committee members should designate how the chairperson will be selected. The committee chair can be voted on by the full board, voted on by the committee, or appointed by the board chair.
These rules should not be written in way that conflicts with the organization’s bylaws.