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C = denotes chairperson
The Audit Committee meets with Company personnel and representatives of the Company’s independent public accountants to review internal accounting controls, internal auditing procedures and matters relating to the annual audit of the Company’s financial statements. The Committee reports its findings and recommendations to the Board of Directors. The Committee previously adopted a written charter for the Audit Committee. All the members of the committee are independent as defined in Section 121(A) of the American Stock Exchange’s listing standards.
The Executive Committee is empowered to exercise all of the authority of the Board of Directors except as to matters not delegable to a committee under the General Corporation Law of Ohio.
The Executive Compensation Committee acts in an advisory capacity to the Board of Directors with respect to the compensation of the Company’s executives.
The Strategic
Planning Committee is empowered to, among other things, conduct periodic evaluations of the Company’s strategic alternatives. The committee has the power and authority of the board to perform and performs the following duties and responsibilities:
- Recommends for board approval actions that address the Company’s strategic alternatives, including, but not limited to solicited and unsolicited takeover offers, possible acquisition targets, asset sales or major purchases;
- Discusses with Company’s regular outside counsel or special counsel any legal matters that could reasonably be expected to have a material impact on the Company’s long-term strategies;
- Annually evaluates performance of the committee; and
- Annually reviews and assesses the committee charter and submits recommended changes to the board.
- The strategic planning committee charter is available on our website at www.sunlinkhealth.com
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