SkyWest Airlines 2008 Annual Report Download - page 113
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•Review with management and the registered independent public accounting firm and approve
disclosure controls and procedures and accounting principles and practices; and
• Perform other functions or duties deemed appropriate by the Board.
Additional information regarding the Audit and Finance Committee’s processes and procedures is
addressed below under the heading ‘‘Audit & Finance Committee Disclosure.’’ The Report of the
Audit & Finance Committee is set forth on page 40 of this Proxy Statement.
Compensation Committee
The Compensation Committee has five members and met four times in 2008. The Compensation
Committee’s responsibilities, which are discussed in detail in its charter, include the responsibility to:
• In consultation with the Company’s senior management, establish the Company’s general
compensation philosophy and oversee the development and implementation of the Company’s
compensation programs;
• Recommend the base salary, incentive compensation and any other compensation for the
Company’s Chief Executive Officer to the Board and review and approve the Chief Executive
Officer’s recommendations for the compensation of all other officers of the Company and its
subsidiaries;
• Administer the Company’s incentive and stock-based compensation plans, and discharge the
duties imposed on the Compensation Committee by the terms of those plans;
• Review and approve any severance or termination payments proposed to be made to any current
or former officer of the Company;
• Prepare and issue the report of the Compensation Committee required by the rules of the
Securities and Exchange Commission; and
• Perform other functions or duties deemed appropriate by the Board.
Additional information regarding the Compensation Committee’s processes and procedures for
consideration of executive compensation are addressed below under the Heading ‘‘Compensation
Discussion and Analysis.’’
Nominating and Corporate Governance Committee
The Nominating and Corporate Governance Committee has four members and met once in 2008.
The Nominating and Corporate Governance Committee’s responsibilities, which are discussed in detail
in its charter, include the responsibility to:
• Develop qualifications and criteria for selecting and evaluating directors and nominees;
• Consider and propose director nominees;
• Make recommendations to the Board regarding Board compensation;
• Make recommendations to the Board regarding Board committee memberships;
• Develop and recommend to the Board corporate governance guidelines;
• Facilitate an annual assessment of the performance of the Board and each of its standing
committees;
• Consider the independence of each director and nominee for director; and
• Perform other functions or duties deemed appropriate by the Board.
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