Corporate Governance Committee
Responsibility of the Corporate Governance Committee
The Corporate Governance Committee assists and advises the Board on director nominations, corporate governance and general Board organization and planning matters. The Corporate Governance Committee´s responsibilities include:
- developing criteria, subject to approval by the Board, for use in evaluating and selecting candidates for election or re-election to the Board and assisting the Board in identifying and attracting qualified director candidates;
- selecting and recommending that the Board approve the director nominees for the next annual meeting of stockholders and recommending persons to fill any vacancy on the Board;
- determining Board committee structure and membership;
- reviewing at least annually the adequacy of Baxter´s Corporate Governance Guidelines;
- overseeing the succession planning process for management, including the Chief Executive Officer;
- developing and implementing an annual process for evaluating the performance of the Chief Executive Officer;
- developing and implementing an annual process for evaluating Board performance.
Members of the Corporate Governance Committee
The Corporate Governance Committee met four times in 2010. The current members of the Corporate Governance Committee are:
