The Audit Committee assists the Board of Directors in its oversight of the integrity of the Company’s financial statements, compliance with legal and regulatory requirements, the qualifications and independence of independent auditors, and the performance of independent auditors and the internal audit function.
The Compensation Committee reviews and approves corporate goals and objectives relevant to the compensation of the Company’s Chief Executive Officer, evaluates the performance of the Chief Executive Officer in light of those goals and objectives, and determines and approves the compensation level for the Chief Executive Officer based upon this evaluation.
The Governance and Nominating Committee monitors the implementation and operation of the Company’s Corporate Governance Guidelines, reviews from time to time the adequacy of the Corporate Governance Guidelines in light of broadly accepted practices of corporate governance, emerging governance issues and market and regulatory expectations, and advises and make recommendations to the Board with respect to appropriate modifications. They also identify, review and evaluate candidates for election as Director who meet the standards set forth in the Corporate Governance Guidelines.