Alaska Airlines and Horizon Air 2013 Annual Report Download - page 36

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CORPORATE GOVERNANCE
compliance program, including a
code of conduct and ethics policy,
decide on requested changes to or
waivers of such program and code
relating to officers and directors,
and establish procedures for
confidential treatment of
complaints concerning accounting,
internal controls or auditing
matters; and
f. obtain and review at least quarterly
a statement from the CEO, CFO
and disclosure committee
members disclosing any significant
deficiencies in internal controls and
any fraud that involves
management or other employees
with significant roles in internal
controls.
4. Prepare the Audit Committee Report
required for the annual proxy statement.
5. Annually review and reassess the
adequacy of the Committee’s charter
and performance and recommend for
Board approval any proposed changes
to its charter.
Compensation and Leadership Development
Committee
Pursuant to its charter, the Compensation and
Leadership Development Committee’s
responsibilities are listed below.
1. With regard to executive and director
compensation:
a. recommend for approval by the
Board changes in compensation
and insurance for the Company’s
and its subsidiaries’ nonemployee
directors;
b. set, review and approve
compensation of the CEO and other
elected officers of the Company
and its subsidiaries; and
c. establish the process for approving
corporate goals relevant to CEO
compensation and for evaluating
CEO performance in light of those
goals.
2. Set annual goals under the broad-based
Performance-Based Pay Plan and
Operational Performance Rewards Plan
and administer the plans.
3. Grant stock awards and stock options.
4. Administer the supplementary
retirement plans for elected officers and
the equity-based incentive plans.
5. Make recommendations to the Board
regarding other executive compensation
issues, including modification or
adoption of plans.
6. Fulfill ERISA fiduciary and non-fiduciary
functions for tax-qualified retirement
plans by monitoring the Alaska Air
Group Pension/Benefits Administrative
Committee, Defined Contribution
Retirement Benefits Administrative
Committee, and Pension Funds
Investment Committee, and approve the
membership of those committees,
trustees and trust agreements, and the
extension of plan participation to
employees of subsidiaries.
7. Approve the terms of employment and
severance agreements with elected
officers and the form of change-in-
control agreements.
8. Ensure a framework, process and
policies are in place for CEO and
executive succession, including
standards for assessment, and the
periodic review of CEO and other
executive-level leadership development
and succession plans.
9. Administer and make recommendations
to the Board of
ŠProxy
29