This excerpt taken from the PRXI DEF 14A filed Jun 28, 2006.
REPORT OF THE COMPENSATION COMMITTEE*
The compensation committee of the board of directors is composed of three independent directors who assist the board of directors in fulfilling its responsibilities for establishing compensation levels and benefits for (i) our president and chief executive officer, our vice president of finance and chief financial officer, our vice president exhibitions, and our vice president and chief legal officer (together, the executive officers), and such other officers as the board of directors may determine, and (ii) our non-employee directors. The compensation committee operates under a written charter that was adopted by the committee and approved by the board of directors on April 12, 2006. The committee believes that the charter is an accurate statement of its responsibilities and will periodically review its adequacy.
Our president and chief executive officer may participate in discussions regarding compensation and benefits relative to the other executive officers, but will not be present to approve recommendations with respect to his own compensation or the compensation of other executives.