SkyWest Airlines 2013 Annual Report Download - page 135

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•Review the Company’s consolidated financial statements and related disclosures;
• Review with management and the Company’s independent registered 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 and Finance Committee Disclosure.’’ The Report of the
Audit and Finance Committee is set forth on page 51 of this Proxy Statement.
Compensation Committee
The Compensation Committee has five members and met three times during the year ended
December 31, 2013. 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 to the Board the base salary, incentive compensation and any other compensation
for the Company’s Chief Executive Officer 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.’’ The report of the Compensation Committee is set forth on page 33 of this
Proxy Statement.
Nominating and Corporate Governance Committee
The Nominating and Corporate Governance Committee has four members and met twice during
the year ended December 31, 2013. 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;
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