PFE » Topics » The Committees additional functions are:
This excerpt taken from the PFE DEF 14A filed Mar 15, 2007.
The Committees additional functions are:
to consider questions of possible conflicts of interest of Board members and of our senior executives;
to monitor and recommend the functions of the various committees of the Board;
to recommend members of the committees;
to advise on changes in Board compensation;
to make recommendations on the structure of Board meetings;
to recommend matters for consideration by the Board;
to consider matters of corporate governance and to review, at least annually, our Corporate Governance Principles;
to consider, and review periodically, Director Qualification Standards;
to review, periodically, our policy regarding the adoption of a Shareholder Rights Plan;
to establish Director retirement policies;
to review the functions of the senior officers and to make recommendations on changes;
to review and approve transactions with any related person in which the Company is a participant in an amount exceeding $120,000;
to review annually with the Chairman and Chief Executive Officer the job performance of elected corporate officers and other senior executives;
to review the outside activities of senior executives;
to review periodically with the Chairman and Chief Executive Officer the succession plans relating to positions held by elected corporate officers, and to make recommendations to the Board with respect to the selection of individuals to occupy these positions;
to oversee the evaluation of the Board and its committees;
to prepare an annual performance evaluation of the Corporate Governance Committee; and
to maintain an informed status on Company issues related to corporate social responsibility and the Companys
participation and visibility as a global corporate citizen.
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