PACR » Topics » B. Board Composition and Procedures

This excerpt taken from the PACR DEF 14A filed Mar 18, 2005.

B. Board Composition and Procedures

 

The Committee shall have the following goals and responsibilities with respect to the composition and procedures of the Board as a whole:

 

(a)    To review annually with the Board the composition of the Board as a whole and to recommend, if necessary, measures to be taken so that the Board reflects the appropriate balance of knowledge, experience, skills, expertise and diversity required for the Board as a whole and contains at least the minimum number of independent directors required by applicable law, regulation or stock exchange listing requirement.

 

(b)    To review periodically the size of the Board and to recommend to the Board any appropriate changes.

 

(c)    To make recommendations on the frequency and structure of Board meetings.

 

(d)    To make recommendations concerning any other aspect of the procedures of the Board that the Committee considers warranted, including but not limited to procedures with respect to the waiver by the Board of any Company rule, guideline, procedure or corporate governance principle.

 

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