The Finance Committee of our Board currently consists of Robert D. Daleo (Chair), Murray J. Demo and Peter John Sacripanti, each of whom serve on both the Finance Committee and the Audit Committee. Under the terms of its charter, the Finance Committee advises our Board and, in certain instances, acts on behalf of the Board, on matters relating to the Company’s investment policies and financing activities.
As provided in its charter, the primary function of the Finance Committee is to assist our Board in fulfilling its responsibilities by advising the Board, and in certain instances by acting on behalf of the Board, on matters relating to our investment policies and financing activities.
As provided in its charter, the Finance Committee must be comprised of a minimum of three members, as appointed by our Board, each of whom shall be free from any relationship that, in the opinion of the Board, would interfere with the exercise of his or her independent judgment as a member of the Committee.
Our Board, considering the recommendations of the Nominating and Governance Committee, shall appoint the members of the Finance Committee annually and each member of the Committee shall serve until his or her successor is duly appointed and qualified or until his or her earlier resignation or removal. Unless a Chair is elected by the full Board, the members may designate a Chair by majority vote of the full Committee.
The Finance Committee shall meet as necessary to enable it to fulfill its responsibilities and duties as set forth in its charter.
The Finance Committee report its actions to the Board and keeps written minutes of its meetings, which are recorded and filed with our books and records.
We encourage you to refer to the Finance Committee charter for a detailed listing of the actions that the Committee must take in order to fulfill its responsibilities and duties, including the following:
The Finance Committee may exercise such additional powers and duties as may be reasonable, necessary or desirable, in the Committee’s discretion, to fulfill its duties under its charter.
The Finance Committee has the authority to engage outside counsel, investment bankers, accountants and/or independent consultants to review any matter under its responsibility.
At least annually, the Finance Committee shall evaluate its own performance and report the results of such evaluation to our Board.