This excerpt taken from the AAPL DEF 14A filed Mar 13, 2006.
Treasury and Finance
Review periodically the capital structure of the Corporation, and, when necessary, recommend to the Board transactions or alterations to the Corporations capital structure.
Review and recommend to the Board changes in the Corporations treasury resolutions and expenditure authorizations.
Periodically review matters pertaining to the Corporations investment practices for cash management, foreign exchange, investments, and derivatives.
Review for approval or disapproval special transactions or expenditures as specifically delegated by the Board, or such other special transactions or expenditures not specifically
delegated by the Board if determined by the Committee that approval by the full Board is not necessary or convenient, such as transactions that require relatively rapid decisions.
Review and discuss with Management all material off-balance sheet transactions, arrangements, obligations (including contingent obligations), leases and other relationships of the
Corporation with unconsolidated entities or other persons, that may have a material current or future effect on financial condition, changes in financial condition, results of operations, liquidity, capital resources, capital reserves, or
significant components of revenues or expenses.
Review with Management the sale or acquisition of equity investments and asset acquisitions or dispositions that may have a material current or future effect on
financial condition, changes in