These excerpts taken from the AAPL 10-K filed Dec 1, 2005.
Audit Committee). All committee members are independent under the listing standards of the NASDAQ Stock Market.
The Audit Committee is primarily responsible for overseeing the services performed by the Companys independent auditors and internal audit department, evaluating the Companys accounting policies and its system of internal controls and reviewing significant financial transactions. Members of the Audit Committee are Messrs. Campbell and York and Dr. Levinson.
The Compensation Committee is primarily responsible for reviewing the compensation arrangements for the Companys executive officers, including the Chief Executive Officer, and for administering the Companys equity compensation plans. Members of the Compensation Committee are Messrs. Campbell, Drexler, and Gore.
The Nominating Committee assists the Board in identifying qualified individuals to become directors, determines the composition of the Board and its committees, monitors the process to assess Board effectiveness and helps develop and implement the Companys corporate governance guidelines. The Nominating Committee also considers nominees proposed by shareholders. Members of the Nominating Committee are Messrs. Drexler and Gore and Dr. Levinson.
The Audit, Compensation and Nominating Committees operate under written charters adopted by the Board. These charters are available on Apples website at www.apple.com/investor.
Audit Committee). All committee members are independent
under the listing standards of the NASDAQ Stock Market.
The Audit Committee is primarily responsible for
The Compensation Committee is primarily responsible
The Nominating Committee assists the Board in
The Audit, Compensation