COMMUNITY HEALTH SYSTEMS, INC.
2003 Committee Charter : CYH
FINANCE COMMITTEE CHARTER
The Board of Directors of Community Health Systems, Inc. (the "Company") has established a Finance Committee (the "Committee") with general responsibility and specific duties as described below.
The Committee shall be comprised of not less than three Directors. Committee membership shall be approved by the Board of Directors.
The Committee's responsibility is to assist the Board of Directors in fulfilling its oversight responsibilities relating to the Company's financing activities and financial condition.
Members of the Committee should endeavor to be present, in person or by telephone, at all meetings; however, two Committee members shall constitute a quorum.
MINUTES OF MEETINGS
Minutes of each meeting shall be prepared and sent to Committee members and presented to Company Directors who are not members of the Committee at the next regularly scheduled meeting of the Board of Directors.
1. Approve non-budgeted expenditures in excess of $2 million per item but less than $200 million per annum and review and make recommendations to the Board regarding non-budgeted expenditures in excess of $200 million, it being acknowledged that management shall have the right to approve non-budgeted expenditures up to $2 million per item, individually, and $6 million, in the aggregate, in each fiscal year. Notwithstanding the foregoing, the Audit and Compliance Committee shall approve any services to be performed by the Company's independent accountants.
As adopted by the Board of Directors on December 10, 2002.