Mirant's Audit Committee
This Committee oversees the company's financial reporting process, and oversees the quality and integrity of Mirant's financial statements. They supervise Mirant's relationship with its independent auditors and have sole authority and responsibility to select, evaluate, and, where appropriate, replace the independent auditors, which report directly to the Committee.
The Audit Committee is responsible for the pre-approval of all audit and permitted non-audit services to be provided. Additionally, the Committee reviews and discusses with management and the General Counsel legal, regulatory, and compliance matters that may have a material impact on Mirant's financial statements.
The Audit Committee has authority to engage independent counsel and other outside advisors without approval of the Board of Directors or management. The Committee prepares the report required by the rules of the Securities and Exchange Commission to be included in Mirant's annual proxy statement. They perform an annual self-evaluation to assess the Committee's effectiveness.
Read the Audit Committee Charter»
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Committee members:
Mirant's Compensation Committee
This Committee oversees and approves the company's compensation philosophy, amounts, plans, and policies. They are responsible for executive officer performance evaluations and determining executive compensation. They also administer executive compensation plans, review management succession plans, and recommend compensation for non-employee directors.
The Compensation Committee has authority to engage independent counsel and other outside advisors without approval of the Board of Directors or management. The Committee prepares the report required by the rules of the Securities and Exchange Commission to be included in Mirant's annual proxy statement. They perform an annual self-evaluation to assess their effectiveness.
Read the Compensation Committee Charter»91KB
Committee Members:
Nominating and Governance Committee
This Committee makes recommendations to the Board of Directors regarding the composition of the Board, the classification of directors, and the composition of Committees. They oversee Mirant's compliance with its Code of Ethics and Business Conduct. The Committee also reviews and discusses with management and the General Counsel legal and regulatory requirements, compliance matters, and material litigation.
The Committee further assists the Board in:
- Identifying qualified individuals to become Board members
- Recommending to the Board the selection of director nominees for election at the annual meeting of stockholders
- Assessing director independence and Board effectiveness
- Developing and implementing Mirant's corporate governance guidelines
The Nominating and Governance Committee has the authority to engage independent counsel and other outside advisors without approval of the Board of Directors or management. They perform an annual self-evaluation to assess their effectiveness.
Read the Nominating and Governance Committee Charter»89 KB
Committee members: