Alaska Airlines and Horizon Air 2014 Annual Report Download - page 35
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executive-level leadership development
and succession plans.
9. Administer and make recommendations
to the Board of Directors with respect to
the Company’s equity and other long-
term incentive equity plans.
10. Administer, review and modify the
Company’s policy regarding recoupment
of certain compensation payments.
11. Produce the report on executive
compensation required for the annual
proxy statement.
12. Annually review and reassess the
adequacy of the Committee’s charter
and its performance, and recommend
any proposed changes in its charter to
the Board for approval.
Safety Committee
Pursuant to its charter, the Safety
Committee’s responsibilities include the
following:
1. Monitor management’s efforts to
ensure the safety of passengers and
employees of the Air Group companies.
2. Monitor and assist management in
creating a uniform safety culture that
achieves the highest possible industry
performance measures.
3. Review management’s efforts to ensure
aviation security and reduce the risk of
security incidents.
4. Periodically review with management
and outside experts all aspects of
airline safety.
5. Evaluate the Company’s health, safety
and environmental policies and
practices.
6. Annually review and reassess the
adequacy of the Committee’s
performance and its charter, and
recommend any proposed changes in
the charter to the Board for approval.
Board and Committee Meetings
In 2014, the Board of Directors held six
regular meetings. The standing Board
committees held the following number of
meetings in 2014:
Audit Committee - 4
Compensation and Leadership
Development Committee - 5
Governance and Nominating
Committee - 4
Safety Committee - 4
Each director, with the exception of
Ms. Sandvik and Ms. Savitt, attended at
least 75% of all Board and applicable
committee meetings during 2014. Each
director is expected to attend the Company’s
Annual Meeting of Stockholders. Last year,
all directors but one attended the annual
meeting. Ms. Sandvik was unable to attend
the annual meeting, one board meeting and
two committee meetings due to a death in
her family. Ms. Savitt joined the Board in
November 2014, and due to a schedule
conflict, was unable to attend the Board and
committee meetings that occurred
immediately following her appointment.
ŠProxy
CORPORATE GOVERNANCE 23