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Three of the company's board committees -- those relating to compensation, nominating and corporate governance -- will expand from two members to three.
The board's all-important compensation, nominating and audit committees are to be composed entirely of non-executives, and the audit committee chaired by a "financial expert".
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At Goldman, she will serve on the firm's audit, risk, compensation and nominating committees.
So he returned to the board and will serve on three of its committees: those relating to audit, compensation — and nominating and governance.
That exemption, available to companies with controlling shareholders, would free Orbitz from the new Nasdaq listing requirements that a majority of directors be independent of the company and that the members of its compensation and nominating committees be independent.
With their addition to the board, Bennett will become a member of the Finance and Investment Committee and the Audit Committees, Ozzie will join the Technology Committee and the Finance and Investment Committee, and Skinner will join the Audit, HR and Compensation, and Nominating and Governance Committees.
The compensation committee, nominating committee, and audit committee shall consist of independent directors.
Members of both teams are appointed to serve on committees: audit, compensation, and nominating and corporate governance.
Independence is particularly key for members of executive compensation, auditing and nominating committees.
Stanley Gold Stanley Gold, Roy Disney Roy Disney 's financial adviser and recent critic of Eisner, and Robert Stern Robert Stern, who does architectural work for Eisner, will no longer be eligible for the key audit, compensation, governance and nominating committees.
Boardroom committees and their chairmen now have more power, and especially the big three: the audit, nominating and compensation committees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com