Examples of Nominating & Governance Committee in a sentence
All of the members of the Audit Committee and Compensation Committee and a majority of the members of the Nominating & Governance Committee will be “independent” as defined by applicable standards.
Committee members will be appointed by the Board upon recommendation of the Nominating & Governance Committee, with consideration given to the desires of individual directors.
Each year, the Nominating & Governance Committee will determine whether or not each director is independent, disinterested, a non-employee director or an outside director under the standards applicable to the committees on which such director is serving or may serve and report the results of its review to the Board, which will then determine which directors qualify as an independent, disinterested, non-employee or outside director under applicable standards.
The Board will have at all times an Audit Committee, a Compensation Committee and a Nominating & Governance Committee.
The Nominating & Governance Committee will evaluate potential successors to the Chief Executive Officer.
As an alternative to term limits, the Nominating & Governance Committee will review each director’s continuation on the Board every year.
Attendance at Board and committee meetings shall be considered by the Nominating & Governance Committee in assessing each director’s performance.
The Nominating & Governance Committee will meet annually on succession planning.
As part of this process, the Nominating & Governance Committee will request that the Chairman of each committee report to the full Board about the committee’s annual evaluation of its performance and evaluation of its charter following the end of each fiscal year.
Each year, the Nominating & Governance Committee will lead the Board in the annual performance review of the Board’s committees.