GOOG » Topics » Purpose

This excerpt taken from the GOOG DEF 14A filed Mar 24, 2009.

Purpose

The basic purpose of the Leadership Development and Compensation Committee is to oversee Google’s executive officer compensation programs. The Committee will provide this oversight through a process that supports Google’s business objectives and incorporates sound corporate governance principles. The Committee will also broadly oversee matters relating to the attraction, motivation, development and retention of all Googlers.

To this end, the Committee shall (i) establish, oversee and administer Google’s employee compensation policies and programs, (ii) review compensation and incentive programs and awards for Google’s chief executive officer (CEO), (iii) review and approve compensation and incentive programs and awards for all other executive officers of Google and the non-employee members of Google’s Board of Directors, (iv) administer Google’s equity compensation plans, and (v) perform other tasks necessary to promote sound corporate governance principles related to leadership development and compensation at Google.

This excerpt taken from the GOOG DEF 14A filed Mar 25, 2008.

Purpose

The purpose of the Audit Committee is to:

 

   

oversee Google’s accounting and financial reporting processes, Google’s internal systems of control and audits of Google’s consolidated financial statements.

 

   

oversee Google’s relationship with its independent auditors, including appointing or changing Google’s auditors and ensuring their independence.

 

   

provide oversight regarding significant financial matters, including Google’s tax planning, treasury policies, currency exposures, dividends and share issuance and repurchases.

In carrying out Audit Committee functions, the Audit Committee must maintain free and open communication with Google’s independent auditors and Google’s management.

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