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MRO » Topics » Delegation

This excerpt taken from the MRO DEF 14A filed Mar 9, 2009.

Delegation

 

  1. The Committee may delegate to one or more designated members of the Committee who are independent directors of the Board, the authority to grant pre-approvals required herein. The decisions of any member to whom authority is delegated to pre-approve an activity hereunder shall be presented to the full Committee at each of its scheduled meetings.

 

  2. Pursuant to the above authority, the Committee hereby delegates pre-approval authority of up to $500,000 to the Chair of the Committee for unbudgeted items. The Chair shall report the items pre-approved under this delegation of authority at the next scheduled Committee meeting.

 

  3. The Committee does not delegate to management any of its responsibilities to pre-approve services performed by the independent auditor.
This excerpt taken from the MRO DEF 14A filed Mar 10, 2008.

Delegation

 

  1.

The Committee may delegate to one or more designated members of the Committee who are independent directors of the Board, the authority to grant pre-approvals required herein. The decisions of any member to whom authority is delegated to pre-approve an activity hereunder shall be presented to the full Committee at each of its scheduled meetings.

 

  2.

Pursuant to the above authority, the Committee hereby delegates pre-approval authority of up to $500,000 to the Chair of the Committee for unbudgeted items. The Chair shall report the items pre-approved under this delegation of authority at the next scheduled Committee meeting.

 

  3.

The Committee does not delegate to management any of its responsibilities to pre-approve services performed by the independent auditor.

This excerpt taken from the MRO DEF 14A filed Mar 13, 2007.

Delegation

1.               The Committee may delegate to one or more designated members of the Committee who are independent directors of the Board, the authority to grant pre-approvals required herein. The decisions of any member to whom authority is delegated to pre-approve an activity hereunder shall be presented to the full Committee at each of its scheduled meetings.

2.               Pursuant to the above authority, the Committee hereby delegates pre-approval authority of up to $500,000 to the Chair of the Committee for unbudgeted items. The Chair shall report the items pre-approved under this delegation of authority at the next scheduled Committee meeting.

3.               The Committee does not delegate to management any of its responsibilities to pre-approve services performed by the independent auditor.

This excerpt taken from the MRO DEF 14A filed Mar 10, 2005.

Delegation

    1.
    The Committee may delegate to one or more designated members of the Committee who are independent directors of the Board, the authority to grant pre-approvals required herein. The decisions of any member to whom authority is delegated to pre-approve an activity hereunder shall be presented to the full Committee at each of its scheduled meetings.

    2.
    Pursuant to the above authority, the Committee hereby delegates pre-approval authority of up to $500,000 to the Chair of the Committee for unbudgeted items. The Chair shall report the items pre-approved under this delegation of authority at the next scheduled Committee meeting.

    3.
    The Committee does not delegate to management any of its responsibilities to pre-approve services performed by the independent auditor.

EXCERPTS ON THIS PAGE:

DEF 14A
Mar 9, 2009
DEF 14A
Mar 10, 2008
DEF 14A
Mar 13, 2007
DEF 14A
Mar 10, 2005

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