SLTC » Topics » Other Responsibilities and Authority
This excerpt taken from the SLTC DEF 14A filed Nov 19, 2007.
Other Responsibilities and Authority
Establishing procedures for the receipt, retention and treatment of complaints received by the Company regarding accounting, internal accounting controls or auditing matters, and
the confidential, anonymous submission by employees of the Company of concerns regarding questionable accounting or auditing matters;
Reviewing and approving all related party transactions in accordance with the applicable rules of Nasdaq;
Reviewing, approving and monitoring the Companys code of ethics for the Chief Executive Officer and senior financial officers in accordance with the applicable rules of Nasdaq
and the SEC;
Establishing hiring policies regarding employment of employees, or former employees, of the Companys independent auditors in accordance with the applicable rules of Nasdaq and
Reviewing the Committees own charter, structure, processes and membership requirements, at least on an annual basis;
Preparing and periodically updating an annual calendar and checklist for the Committees responsibilities and authority; and
Performing such other duties as may be requested by the Board.