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Under its charter, the Finance Committee is responsible for reviewing and making recommendations to the Board on significant financial matters, including:

  • the Company’s long-term capital structure, including financing plans, projected financial structure, funding requirements, target credit ratings and return on invested capital;
  • authorization of issuances, sales or repurchases of equity and debt securities;
  • dividend policy and dividend recommendations;
  • the Company’s performance of our internal auditors and internal audit functions;
  • proposed acquisitions, divestitures, joint ventures, investments, asset sales and purchase commitments for services in excess of $100 million; and
  • Board authorization and delegation levels with respect to financing matters.

The Finance Committee also reviews and discusses with management:

  • results of acquisitions, divestitures, joint ventures, and similar investments in excess of $100 million, and
  • the cash-flow impact of non-debt obligations including funding pension and other post-retirement benefit plans.

 

Finance Committee Charter