MOLX » Topics » II. Composition

This excerpt taken from the MOLX DEF 14A filed Sep 13, 2006.

II. Composition

The Committee shall consist of no fewer than three members proposed by the Nominating Committee and appointed by the Board annually. The Board shall have the power at any time to change the membership of the Committee and to fill vacancies in it, subject to the new members satisfying the criteria set forth below. Members of the Committee shall serve until their successors are appointed and qualify. The members of the Committee shall satisfy the following criteria:

      1.       Meet the independence and other requirements of the National Association of Securities Dealers, Inc.’s Marketplace Rules and any other applicable laws, rules and regulations.
2. Be able to read and understand fundamental financial statements including the Corporation’s balance sheets, income statements, and cash flow statements.
3. At least one member of the Committee shall have accounting or related financial management expertise. The Board intends that the Committee will have at least one member who qualifies as an “audit committee financial expert” as such term is defined by the Securities and Exchange Commission (“SEC”).

"II. Composition" elsewhere:

Johnson Controls International plc (TYC)
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