SkyWest Airlines 2012 Annual Report Download - page 136

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CORPORATE GOVERNANCE
Corporate Governance Guidelines
The Board adopted Corporate Governance Guidelines on August 2, 2005, which can be accessed
at the Company’s Web site, www.SkyWest.com. The Company’s Corporate Governance Guidelines
supplement the Company’s Bylaws and the charters of the Board’s committees. Excerpts from the
principal sections of the Company’s Corporate Governance Guidelines are noted below:
Director Independence
At a minimum, the Board will have a majority of directors who meet the criteria for independence
as required by The Nasdaq Global Select Market.
Director Qualifications
Criteria for Membership
The Company’s Nominating and Corporate Governance Committee is responsible for annually
reviewing with the Board the desired skills and characteristics of directors, as well as the
composition of the Board as a whole.
Terms and Limitations
All directors currently stand for election each year. The Board does not believe it should
establish a limit on the number of times that a director may stand for election.
Retirement
Directors are required to submit their resignation from the Board when their term expires
upon reaching the age of 72 years old. The Board will accept the resignation unless the
Nominating and Corporate Governance Committee recommends otherwise. Directors
generally will not be nominated for election following their 72nd birthday.
Ownership of Company Stock
Directors are encouraged to own at least 8,000 shares of Common Stock.
Director Responsibilities
General Responsibilities
The basic responsibility of directors is to exercise their business judgment to act in what they
reasonably believe to be in the best interests of the Company and its shareholders.
Oversight of Management
The Board is responsible to encourage the Company’s management to effectively implement
policies and strategies developed by the Board, and to provide dynamic leadership of the
Company.
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