SkyWest Airlines 2014 Annual Report Download - page 137

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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 four times during 2014, all of which were regularly-scheduled 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, 2014. Eight of the Company’s ten directors who were then serving
attended the Annual Meeting of the Company’s Shareholders held on May 6, 2014.
Committees of the Board
The Board has four standing committees to facilitate and assist the Board in the execution of its
responsibilities: (1) Audit and Finance, (2) Compensation, (3) Nominating and Corporate Governance
and (4) Safety and Compliance. All the committees are comprised solely of non-employee, independent
directors as defined by The Nasdaq Global Select Market listing standards. Charters for each
committee are available on the Company’s website, www.SkyWest.com.
The table below shows current membership for each of the standing Board committees.
Nominating & Corporate
Audit & Finance Compensation Governance Safety and Compliance
W. Steve Albrecht* Henry J. Eyring* Steven F. Udvar-Hazy* Margaret S. Billson*
Henry J. Eyring Ronald J. Mittelstaedt Margaret S. Billson W. Steve Albrecht
Robert G. Sarver Keith E. Smith Robert G. Sarver Ronald J. Mittelstaedt
Keith E. Smith Steven F. Udvar-Hazy James L. Welch James L. Welch
James L. Welch
* Committee Chairman
Audit and Finance Committee
The Audit and Finance Committee has five members and met five times during the year ended
December 31, 2014. The Board has determined that Mr. W. Steve Albrecht, Chairman of the Audit and
Finance Committee is an ‘‘audit committee financial expert’’ within the meaning established by the U.S.
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 Company’s independent registered public accounting firm,
the Company’s internal auditors and management to review and monitor the adequacy and
effectiveness of the Company’s financial reporting, internal controls and risk assessment and
compliance with Company policies;
• Review the Company’s consolidated financial statements and related disclosures;
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