The Committee will recommend to the Board corporate governance principles and guidelines for the Company. The Committee will review and reassess the adequacy of the corporate governance principles and guidelines on an annual basis and recommend any proposed changes to the Board for approval.
The Committee will coordinate an annual self-evaluation by the directors of the Board's performance. The Committee will oversee that comments from all directors are discussed with the full Board on an annual basis.
The Committee will consider the appropriate skills and characteristics required of Board members, including background, board skill needs, diversity and business experience, and recommend qualified candidates to the Board.
The Committee will have authority to retain any search firm used to identify director candidates , including sole authority to approve the search firm's fees and other retention terms. The Committee will also have authority to obtain advice and assistance from internal or external legal, accounting or other advisors.
The Committee will oversee Board leadership, succession, onboarding and education.
The Committee will make regular reports to the Board. The Committee will annually review its own performance.