The principal functions of the Finance Committee are to review and make recommendations to the Board concerning:
- management’s financial and tax policies and standards;
- our financing requirements, including the evaluation of management’s proposals concerning funding to meet such requirements;
- dividends;
- our capital expenditure budget; and
- adequacy of insurance coverage.
The Committee also evaluates specific acquisition, divestiture and capital expenditure projects from a financial standpoint.
The Committee monitors our investor relations program and oversees a management committee which is charged with monitoring the performance of trust assets held in our benefit plans.