SkyWest Airlines 2008 Annual Report Download - page 112

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MEETINGS AND COMMITTEES OF THE BOARD
The Board
Each director is expected to devote sufficient time, energy and attention to ensure diligent
performance of his or her duties and to attend all Board, committee and shareholders’ meetings. The
Board met six times during 2008, four of which were regularly scheduled meetings and two of which
were special telephonic meetings. All directors attended at least 75% of the meetings of the Board and
of the committees on which he or she served during the year ended December 31, 2008. All directors
attended the Annual Meeting of the Company’s Shareholders held on May 5, 2008.
Committees of the Board
The Board has three standing committees to facilitate and assist the Board in the execution of its
responsibilities: (1) Audit and Finance, (2) Compensation, and (3) Nominating and Corporate
Governance. All the committees are comprised solely of non-employee, independent directors as
defined by The Nasdaq Stock Market listing standards. Charters for each committee are available on
the Company’s Web site, www.SkyWest.com.
The table below shows current membership for each of the standing Board committees.
Audit & Finance Compensation Nominating & Corporate Governance
W. Steve Albrecht* Henry J. Eyring* Ian M. Cumming*
J. Ralph Atkin Steven F. Udvar-Hazy Steve Albrecht
Henry J. Eyring Ian M. Cumming J. Ralph Atkin
Robert G. Sarver Margaret S. Billson Steven F. Udvar-Hazy
James L. Welch
* Committee Chair
Audit & Finance Committee
The Audit and Finance Committee has four members and met five times during the year ended
December 31, 2008. The Board has determined that Mr. W. Steve Albrecht, Chair of the Audit and
Finance Committee, is an ‘‘audit committee financial expert’’ within the meaning stipulated by the
Securities and Exchange Commission.
The Audit and Finance Committee’s responsibilities, which are discussed in further detail in its
charter, include the responsibility to:
• Establish and implement policies and procedures for review and approval of the appointment,
compensation and termination of the independent registered public accounting firm;
• Review and discuss with management and the independent registered public accounting firm the
audited financial statements of the Company and the Company’s financial disclosure practices;
• Pre-approve all audit and permissible non-audit fees;
• Provide oversight of the Company’s internal auditors;
• Hold meetings periodically with the independent registered public accounting firm, the
Company’s internal auditors, and management to review and monitor the adequacy and
effectiveness of reporting, internal controls, risk assessment and compliance with Company
policies;
• Review the Company’s consolidated financial statements and related disclosures;
12