This excerpt taken from the MRO DEF 14A filed Mar 10, 2008.
Finance and Benefit Plan Matters
Approve and Recommend Financings. Within the authority levels established by the Board, the Committee shall approve financings by the Company
(except financings which involve the issuance of common stock), including the recommendation of action to subsidiaries, partnerships and joint ventures.
Loans, Guarantees and Other Uses of Credit.Within the authority levels established by the Board, the Committee shall
authorize loans to outside entities, guarantees by the Company of the credit of others, and other uses of the Companys credit.
Report on Financial Covenant Compliance.The Committee shall periodically review and report to the Board concerning the
Companys compliance with financial covenants and other terms of loans and other agreements.
Pension and Benefit Plans.The Committee shall periodically review the (i) funding policies, and
(ii) performance of the investment managers, trustees and investment committees, for the Companys and its subsidiaries pension and other post-employment benefit plans.
Bet you've never seen portfolio analytics like these.