2003 Committee Charter : AMT
CHARTER OF THE NOMINATING AND CORPORATE GOVERNANCE
COMMITTEE OF THE BOARD OF DIRECTORS
(As Adopted February 26, 2003)
The Board of Directors ("Board") of American Tower Corporation ("Company") has established
a Nominating and Corporate Governance Committee ("Committee") as a permanent standing
committee with the authority, responsibility and specific duties described herein. This Charter of
the Nominating and Governance Committee of the Board of Directors ("Charter") and the
composition of the Committee are intended to comply with applicable state and federal law,
including the securities laws, the rules and regulations of the Securities and Exchange
Commission ("SEC") and the New York Stock Exchange ("NYSE"), and the Company's
1. Purpose and Scope
The purpose of the Committee is to assist the Board in fulfilling its responsibilities relating to the
composition and quality of the Company's governing bodies. The Committee's duties and
responsibilities include, without limitation, oversight of: (i) the identification of individuals
qualified to become Board members and recommendation of Director nominees to the Board
prior to each annual meeting of stockholders; (ii) the recommendation of nominees for any
committee of the Board; (iii) the development and recommendation of Corporate Governance
Guidelines to the Board; and (iv) the annual assessment of the Board's and each Committee's
2. Committee Composition
A. Charter. This Charter shall be reviewed and reassessed by the Committee at least annually.
Any proposed changes shall be submitted to the Board for its approval.
B. Members. The Committee shall consist of no fewer than two members of the Board. The
Committee shall be comprised of Directors who meet the independence requirements of the SEC,
the NYSE and other applicable law. The Board will assess and determine the qualifications of
the Committee members.
C. Term and Selection of Chair. The members of the Committee shall be appointed annually by
the Board and the Board shall select the Chair of the Committee. Committee members may be
replaced by the Board.
D. Meetings. In order to discharge its responsibilities, the Committee shall each year establish a
schedule of meetings; additional meetings may be held as required. Such meetings may be held
in person or telephonically and may be held at such times and places as the Committee
D. Quorum. A quorum at any meeting of the Committee shall consist of a majority of the
members. All determinations of the Committee shall be by a majority of the members present at
a meeting duly called or held, except as may be otherwise specifically provided for in this
Charter. In the event that there are only two members present, and such presence constitutes a
quorum, all determinations of the Committee shall be unanimous. Any decision or determination
of the Committee reduced to writing and consented to (including, but not limited to, by means of
electronic transmission) by all of the members of the Committee shall be fully as effective as if it
had been made at a meeting duly called and held.
E. Agenda, Minutes and Reports. An agenda, together with materials relating to the subject
matter of each meeting, shall be sent to members of the Committee prior to each meeting.
Minutes for all meetings of the Committee shall be prepared to document the Committee's
discharge of its responsibilities. The minutes shall be circulated in draft form to all Committee
members to ensure an accurate final record, shall be approved at a subsequent meeting of the
Committee, and shall be distributed to the full Committee and periodically to the Board. In
addition, the Committee shall make regular reports to the Board as seem useful to it from time to
time, or as may be required of it by the Board.
G. Performance and Evaluation. The Committee shall evaluate its performance on an annual
basis and shall establish criteria for such evaluation.
3. Committee Compensation
Committee members may receive fees for serving on the Committee as determined by the
Compensation Committee and approved by the Board. Fees may be paid in cash, stock, options,
or other forms ordinarily available to members of the Board. Committee members may also
receive all regular benefits accorded to members of the Board generally.
4. Committee Responsibilities
A. Specific Duties and Responsibilities. The Committee shall have the following specific duties
other legal requirements for Board or Committee service
2. Corporate Governance
size, composition and responsibilities of the Board and its Committees
B. Access to Records, Consultants and Others. The Committee shall have the authority and
responsibility to employ search firms or other consultants to assist it in performing its duties, to
approve the terms of any such engagement, and to set the fees paid to any such consultant. The
Committee shall have full access to any relevant records of the Company and may request that
any officer or other employee of the Company or the Company's outside counsel meet with any
members of, or consultants to, the Committee.
The Committee may delegate any of its responsibilities to a subcommittee comprised of one or
more members of the Committee.
6. Other Delegated Responsibilities
The Committee shall also carry out such other duties that may be delegated to it by the Board
from time to time.
7. Limitation of the Committee's Role
While the Committee has the responsibilities and powers set forth in this Charter, it is not the
duty of the Committee to hire Directors or senior executives of the Company or to manage the
performance of those Directors or senior executive on a day to day basis. These are the
responsibilities of the Company's executive management and/or the Board itself. Nor is the duty
of the Committee to conduct investigations or to assure compliance with applicable laws and