SLH » Topics » Purpose

This excerpt taken from the SLH DEF 14A filed Oct 9, 2009.

Purpose

The Committee shall provide assistance to the Board in fulfilling its oversight responsibility relating to:

 

 

the integrity of the Company’s financial statements and its financial reporting process;

 

 

the systems of internal accounting and financial controls;

 

 

the performance of the Company’s internal audit function, if any, and independent auditor;

 

 

the independent auditor’s qualifications and independence; and

 

 

the Company’s compliance with legal and regulatory requirements and certain Company policies.

 

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Table of Contents

The Committee shall also prepare the report that SEC rules require to be included in the Company’s annual proxy statement. In so doing, it is the responsibility of the Committee to maintain free and open communication with the Board, the independent auditor and management of the Company.

In discharging its oversight role, the Committee is empowered to investigate any matter brought to its attention with full access to all books, records, facilities, personnel of the Company and the independent auditor and, in its sole discretion and at the Company’s expense, the Committee shall have the authority to retain and terminate independent counsel and other advisers as it determines necessary to carry out its duties. The Committee, in its discretion, may request any officer or employee of the Company, or the Company’s outside counsel or independent auditor, to attend a meeting of the Committee or to meet with any members of, or advisors to, the Committee and to provide pertinent information as necessary.

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