At the November 20, 2009 Annual Meeting, Shareholders approved a Board of Directors resolution creating the following five committees and members to assist it in discharging its oversight responsibilities: Audit Committee, Compensation Committee, Governance and Nominating Committee, and Finance Committee. The Board may add new committees or remove existing committees as needed to fulfill its responsibilities.
Pursuant to the Bylaws each committee shall have two (2) or more members. The committees may have Company directors and/or independent directors. In determining the independence of a director, the Board of Directors applies the definition of “independent director” used in the listing standards of the NASDAQ Stock Market or, if higher, those of the New York Stock Exchange, as well as applicable laws and regulations. The Board will also consider other relevant facts and circumstances bearing on independence.
Each committee performs its duties as assigned by the Board in compliance with TreeFree’s Bylaws and its charter.
If you have any questions, please contact TreeFree Biomass Solutions, Inc. Board Secretary at email@example.com
Board of Committees