Alaska Airlines and Horizon Air 2013 Annual Report Download - page 42

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CORPORATE GOVERNANCE
The Corporate Secretary will promptly
forward the Notice to the Lead Director and
Chair of the Governance and Nominating
Committee.
If, based on the Committee’s initial
screening of a candidate recommended by a
Qualified Stockholder, a candidate continues
to be of interest to the Committee, the Chair
of the Committee will request that the CEO
interview the candidate, and the candidate
will be interviewed by one or more of the
other Committee members. If the results of
these interviews are favorable, the
candidate recommended by a Qualified
Stockholder will be evaluated as set forth
below. Except as may be required by
applicable law, rule or regulation, the
Committee will have no obligation to discuss
the outcome of the evaluation process or
the reasons for the Committee’s
recommendations with any Qualified
Stockholder who made a proposal.
3. Evaluation of Candidates
As to each recommended candidate that the
Committee believes merits consideration,
the Committee will cause to be assembled
information concerning the background,
qualifications and appropriate references of
the candidate, including information
concerning the candidate required to be
disclosed in the Company’s proxy statement
under the rules of the SEC and any
relationship between the candidate and the
person or persons recommending the
candidate. The Committee will then
(i) determine if the candidate satisfies the
qualifications set forth below under the
caption Policy on Minimum Qualifications for
All Directors; (ii) conduct interviews with the
candidate as it deems necessary and
appropriate; and (iii) consider the
contribution that the candidate can be
expected to make to the overall functioning
of the Board. The Committee will then meet
to consider and finalize its list of
recommended candidates for the Board’s
consideration.
The Governance and Nominating Committee
will consider incumbent candidates based
on the same criteria used for candidates
recommended by Qualified Stockholders,
provided that incumbents will also be
considered on the basis of the Committee’s
annual evaluations of the effectiveness of
the Board, its committees and their
members.
Policy on Minimum Qualifications for All
Directors
While there is no formal list of qualifications,
the Governance and Nominating Committee
considers, among other things, the
prospective nominee’s relevant experience,
intelligence, independence, commitment,
ability to work with the CEO and within the
Board culture, prominence, diversity, and
age. The Governance and Nominating
Committee may also consider a nominee’s
CEO experience, senior-level international
experience, senior-level regulatory or legal
experience, and relevant senior-level
expertise in one or more of the following
areas: finance, accounting, sales and
marketing, safety, organizational
development, information technology, and
government and public relations. Different
substantive areas may assume greater or
lesser significance at particular times, in
light of the Board’s present composition and
the Committee’s (or the Board’s)
perceptions about future issues and needs.
For a candidate to serve as an independent
director, an independent and questioning
mindset is critical. The Committee also
considers a prospective candidate’s
workload and whether he or she would be
ŠProxy
35