Board effectiveness is promoted by well appointed and structured committees. Committee memberships are reviewed annually taking into consideration director independence, skills and preferences. The board is large enough to permit a diversity of views and provide expertise in running the committees. Areas of expertise essential to ensure appropriate strategic direction and oversight of the committees are identified and committee members are chosen based on these criteria.
All of our committees are 100% independent. We have a financially informed board; each director is a member of either the Audit Committee or the Finance Committee. At least two-thirds of all committee members are experts on the committees that they serve.
The Chair of the Compensation Committee is a member of the Audit Committee and the Governance Committee.