EAST WEST BANCORP, INC.
2003 Committee Charter : EWBC
NOMINATING / CORPORATE GOVERNANCE
The Nominating / Corporate Governance Committee is appointed by the Board of Directors of East West Bancorp, Inc. (the "Company") to (1) nominate persons for election or re-election as directors, and (2) review corporate governance matters and Board performance.
The Nominating / Corporate Governance Committee shall consist of at least three members. The members of the Committee shall be appointed by the Board of the Company. The Secretary of the Board of Directors shall serve as the secretary of the Committee.
The members of the Nominating / Corporate Governance Committee shall each be "independent," as such term is defined in the Sarbanes-Oxley Act of 2002 (the "Act") and regulations promulgated thereunder and under the rules of the NASDAQ National Market and as determined by the Board.
The Committee shall perform the functions and have the responsibilities described below:
Meetings of the Committee will be held at least annually and such other times as shall be required by the Chairman of the Board of the Company or of the Committee, or by a majority of the members of the Committee. At the invitation of the Chairman of the Committee, the meetings shall be attended by the Chief Executive Officer, the Chief Financial Officer, and such other persons whose attendance is appropriate to the matters under consideration. The secretary of the Board of Directors shall serve as the secretary of the Committee.
The Nominating / Corporate Governance Committee shall have the authority to retain special legal or other consultants to advise the Committee as deemed appropriate by the Committee. The Committee shall have authority to pay all fees and expenses of such outside advisors as it deems appropriate.