2003 Finance Charter: DL

Current Charter
(June 2003)
The Finance Committee shall oversee the financial affairs of the Corporation and recommend to the
Board of Directors such financial actions and policies as will best accommodate the Corporation's
operating and growth objectives while maintaining its sound financial health.
Authority and Responsibilities
The Committee's authority shall encompass the oversight of any and all aspects of the
Corporation's operations and policies that bear upon its financial needs and financing plans.
Specifically, the Committee's responsibilities shall include the review of the following operations and
policies (and, where appropriate, the making of recommendations to the Board of Directors for its
approval or other action):
1. Review of the Corporation's long-term financial policies and programs to assure that they
accommodate the Corporation's capital needs for meeting its operating and growth
2. Review of the Corporation's dividend policies and payments.
3 Review, at least annually, of:
a. Capital expenditure programs.
b. Officers' capital and expense spending authority
c. Capital requirement financing plans.
d. Capital structure changes.
e. Financial risk management policy changes, including hedging and broad use of
f. The profit planning process, including revenues, expenses and acquisitions, as part
of the Corporation's annual strategic planning process.
The Dial Corporation
Charter - Finance Committee
Page 2
g. Such matters as may bear upon the short-term liquidity and financial flexibility of the
4. Review, at least annually, of the Corporation's retirement and pension fund assets
management programs, including:
a. Actuarial assumptions.
b. Funding programs.
c. Structure.
d. Investment performance.
5. Such other responsibilities as from time to time may be prescribed by the Board of
The Committee shall consist of not less than three Directors, all of whom shall be outside Directors.
Members of the Committee shall be recommended by the Chairman of the Board, submitted for
nomination by the Governance Committee and elected annually to one-year terms by majority vote
of the Board of Directors.
The Committee shall meet as required, but at least semi-annually, upon the call of the Chairman of
the Committee or the Chairman of the Board.
Evaluation of the Committee
The Committee shall, on an annual basis, evaluate its performance under this Charter. In conducting
this review, the Committee shall evaluate whether this Charter appropriately addresses the matters
that are or should be within its scope. The Committee shall address all matters that the Committee
considers relevant to its performance, including at least the following: the adequacy,
appropriateness and quality of the information and recommendations presented by the Committee to
the Board, the manner in which they were discussed or debated, and whether the number and length
of meetings were adequate for the Committee to complete its work in a thorough and thoughtful
The Dial Corporation
Charter - Finance Committee
Page 3
The Committee shall deliver to the Board a report setting forth the results of its evaluation, including
any recommended amendments to this Charter and any recommended changes to the Corporation's
or the Board's policies or procedures.