BlackRock New Jersey Investment Quality Municipal Trust (RNJ)

RNJ » Topics » Purpose of the Committee

This excerpt taken from the RNJ DEF 14A filed Jul 17, 2009.

Purpose of the Committee

     The purposes of the Committee are to:

  • support the Independent Directors in pursuing the best interests of the Fund and its shareholders,

  • identify individuals qualified to serve as Independent Directors,

  • advise the Board of Directors with respect to Board composition, procedures and committees (other than the Audit Committee),

  • oversee periodic self-assessments of the Board of Directors and committees of the Board of Directors (other than the Audit Committee),

  • monitor corporate governance matters and make recommendations in respect thereof to the Board of Directors,

  • act as the administrative committee with respect to Board of Directors policies and procedures, committee policies and procedures (other than the Audit Committee) and codes of ethics as they relate to Independent Directors,

  • Review and make recommendations in respect of Independent Director Compensation.

This excerpt taken from the RNJ DEF 14A filed Jul 31, 2008.

J. Purpose of the Committee

The purposes of the Committee are to:

     (1) support the Independent Directors in pursuing the best interests of the Fund and its shareholders,

     (2) identify individuals qualified to serve as Independent Directors,

     (3) advise the Board of Directors with respect to Board composition, procedures and committees (other than the Audit Committee),

     (4) oversee periodic self-assessments of the Board of Directors and committees of the Board of Directors (other than the Audit Committee),

     (5) monitor corporate governance matters and make recommendations in respect thereof to the Board of Directors,

     (6) act as the administrative committee with respect to Board of Directors policies and procedures, committee policies and procedures (other than the Audit Committee) and codes of ethics as they relate to Independent Directors, and

     (7) Review and make recommendations in respect of Independent Director Compensation.

This excerpt taken from the RNJ DEF 14A filed Jul 2, 2007.

II. PURPOSE OF THE COMMITTEE

 

The purpose of the Committee is to assist the Board in fulfilling its oversight responsibilities relating to the accounting and financial reporting policies and practices of the Fund, including:

 

   

the integrity of the Fund’s financial statements;

 

   

the Fund’s compliance with legal and regulatory requirements;

 

   

the qualifications and independence of the Fund’s independent auditors;

 

   

the performance of the Fund’s internal audit function provided by its investment advisor, administrator, pricing agent and other service providers; and

 

   

preparing for each Fund the report required to be included in its annual proxy statement, if any, by the rules of the Securities and Exchange Commission.

 

This excerpt taken from the RNJ DEF 14A filed Apr 19, 2006.

II. PURPOSE OF THE COMMITTEE

          The purpose of the Committee is to assist the Board in fulfilling its oversight responsibilities relating to the accounting and financial reporting policies and practices of the Fund, including:

 

 

the integrity of the Fund’s financial statements;

the Fund’s compliance with legal and regulatory requirements;

the qualifications and independence of the Fund’s independent auditors;

the performance of the Fund’s internal audit function provided by its investment advisor, administrator, pricing agent and other service providers; and

preparing for each Fund the report required to be included in its annual proxy statement, if any, by the rules of the Securities and Exchange Commission.


 

 

 

 

 


 

1

This Joint Audit Committee Charter, if adopted, supercedes and replaces all prior versions that may have been adopted from time to time.

 

 

2

For this purpose, compensation includes any compensation paid by a Fund or a subsidiary for services to a law firm, accounting firm, consulting firm, investment bank or financial advisory firm in which the Committee member is a partner, member, executive officer or holds a similar position.

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