2003 Committee Charter : DCN

DANA CORPORATION
FINANCE COMMITTEE CHARTER
Purpose. The Finance Committee shall assist the Board in its oversight of Dana's
financial condition, liquidity and results of operations.
Organization. The Committee shall have at least three members, including the
Chairman, who are appointed by the Board.
Responsibilities. The Committee shall have the following responsibilities:
Corporate Actions
  • To review, approve and present to the Board management's recommendations
    on matters relating to major corporate actions, including:
  • dividend policy,
  • fixed capital expenditures, including lease commitments,
  • acquisitions, investments and divestitures, and
  • issuances or repurchases of equity and debt securities.
    Financial Condition, Liquidity and Results of Operations
  • To review, approve and present to the Board management's recommendations
    with respect to policies, practices and plans for the management of financial
    risk; and
  • To review Dana's financial condition, liquidity, debt and results of operations
    and to recommend to the Board appropriate courses of action with respect to
    Dana's financial performance and capital structure.
    General
  • To review the performance of this Committee and the adequacy of this Charter
    annually and to recommend any proposed changes to the Board; and
  • To report its activities regularly to the Board.
    Adopted February 11, 2003