Finance Committee Charter
The Finance Committee of the Board of Directors of MBIA Inc. is charged with
the responsibilities on behalf of MBIA Inc. and its subsidiaries enumerated below:
I. Approve general investment policies and objectives
and any significant proposed modifications.
II. Monitor investment activities and portfolio holdings,
including periodic review of investment performance
relative to objectives and to overall market
III. Approve any significant investments not falling within
established investment policies and written
IV. Review periodically asset allocation among types of
investments and the quality and maturity of
V. Review periodically the investment portfolio
manager's performance, and approve any change in,
or additions to, investment managers.
VI. Review periodically the capital structure, capital
adequacy and financial flexibility of the Company and
its subsidiaries, including compliance with rating
agency and regulatory capital requirements.
VII. Review shareholder dividend policy and make
recommendations with respect thereto.
VIII. Perform such other duties as may be delegated to it
or requested by the Board of Directors.