|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the ETN DEF 14A filed Mar 14, 2008. BOARD OF
DIRECTORS POLICY ON COMPANY-PAID TRANSPORTATION OF OUTSIDE
DIRECTORS
Since directors’ independence might be influenced by
their use of Company planes and other Company-paid
transportation, the Board of Directors has adopted a policy on
this subject, as follows:
The Board of Directors believes that the Company should provide
transportation to facilitate Director attendance at meetings of
the Board and Board Committees, Annual Shareholders Meetings,
Board visits to Company facilities and other Company events.
Transportation may be provided through the use of Company planes
and cars or through Company-paid commercial transportation. At
the same time, the Board believes it is important that the
independence of the outside Directors not be compromised, or
appear to be compromised, by their accepting transportation from
the Company for personal purposes.
Therefore, the Board of Directors has adopted the following
policy relating to Company-paid transportation of outside
Directors:
1. Outside Directors may be transported on Company planes
and cars or on Company-paid commercial transportation to
facilitate their attending meetings of the Board and Board
Committees, Annual Shareholders Meetings, Board visits to
Company facilities and other Company events. This policy
contemplates transportation to and from Directors’ homes,
places of business or other locations, and may include
transportation to and from Directors’ other business
commitments, unrelated to the Company, if necessary to
facilitate the Directors’ attending Company events.
However, in no event may outside Directors be transported on
Company planes and cars or on Company-paid commercial
transportation for personal purposes.
2. Company planes and cars or Company-paid commercial
transportation may not be used to transport spouses of the
outside Directors except to attend Company events to which they
are invited at the request of the Board.
3. The Governance Committee of the Board is authorized to
interpret this policy and provide guidance on its application.
This excerpt taken from the ETN DEF 14A filed Mar 16, 2007. BOARD OF
DIRECTORS POLICY ON COMPANY-PAID TRANSPORTATION
OF OUTSIDE DIRECTORS
Since directors’ independence might be influenced by
their use of Company planes and other Company-paid
transportation, the Board of Directors has adopted a policy on
this subject, as follows:
The Board of Directors believes that the Company should provide
transportation to facilitate Director attendance at meetings of
the Board and Board Committees, Annual Shareholders Meetings,
Board visits to Company facilities and other Company events.
Transportation may be provided through the use of Company planes
and cars or through Company-paid commercial transportation. At
the same time, the Board believes it is important that the
independence of the outside Directors not be compromised, or
appear to be compromised, by their accepting transportation from
the Company for personal purposes.
Therefore, the Board of Directors has adopted the following
policy relating to Company-paid transportation of outside
Directors:
| EXCERPTS ON THIS PAGE:
RELATED TOPICS for ETN: |
| |||||||
