Public Responsibilities Committee: Charter
2003 Other Charter: GE
The public responsibilities committee of the board of directors of General Electric Company shall consist of a minimum of three directors. Members of the committee shall be appointed by the board of directors upon the recommendation of the nominating and corporate governance committee and may be removed by the board of directors in its discretion.
In furtherance of this purpose, the committee shall have the following authority and responsibilities:
1. To review the company's key public policy positions taken in legislative, regulatory and judicial forums around the globe.
2. To review the company's actions in furtherance of its corporate social responsibility.
3. To review key trends in legislation, regulation, litigation and public debate around the world in order to determine whether the company should consider additional corporate social responsibility actions.
4. To consider the impact of company procedures and processes on employees, citizens and communities, especially with respect to environmental, health and safety.
5. To consider the manner in which the company conducts its public policy and government relations activities.
6. To review the company's support of charitable, educational and business organizations.
The committee shall have the authority to delegate any of its responsibilities to subcommittees, as the committee may deem appropriate in its sole discretion. It may also recommend that its meeting be held with the board as a whole.
The committee shall have authority to retain such outside counsel, experts and other advisors, as the committee may deem appropriate in its sole discretion. The committee shall have sole authority to approve related fees and retention terms.
The committee shall report its actions and recommendations to the board after each committee meeting and shall conduct and present to the board an annual performance evaluation of the committee. The committee shall review at least annually the adequacy of this charter and recommend any proposed changes to the board for approval.