Progress Energy 2008 Annual Report Download - page 224
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PROXY STATEMENT
C-3
9. Conduct an annual self-assessment of the effectiveness and performance of this Committee
and review the adequacy of this Charter. This Charter and the Company’s Code of Ethics
will be published on the Company’s website. In addition, the disclosure of this Charter will
be stated annually in the proxy, which will contain a copy of the Charter in an appendix, as
required.
MEETINGS
The Committee shall hold at least three regular meetings and four quarterly conference call meetings each
year in order to accomplish the aforementioned duties and responsibilities. The Committee’s Chairman
may call additional meetings as needed, to review matters of interest to the Committee. The Committee
may form subcommittees for any purpose that the Committee deems appropriate and may delegate to
such subcommittees such power and authority as the Audit and Corporate Performance Committee deems
appropriate. As deemed necessary by the Committee, meetings shall be attended by appropriate Company
personnel.
Following each of its meetings, the Committee shall deliver a report on the meeting to the Board, including
a description of all actions taken by the Committee at the meeting. The Committee shall keep written
minutes of its meetings, which minutes shall be maintained with the books and records of the Company.
The President of the Service Company or his designee shall, at the request of the Chairman of the
Committee, arrange meetings, prepare meeting agendas, and serve as Secretary to the Committee.