Waste Management 2014 Annual Report Download - page 11

Mr. Clark served as Chairman and Chief Executive Officer of ComEd from November 2005 to February
2012 and President of ComEd from 2001 to 2005. Mr. Clark holds an LLB from DePaul University College of
Law and a BBA from DePaul University.
Mr. Gluski has served as President and Chief Executive Officer of The AES Corporation since 2011 and was
Executive Vice President and Chief Operating Officer of The AES Corporation from 2007 to 2011. Mr. Gluski is a
graduate of Wake Forest University and holds an MA and PhD in Economics from the University of Virginia.
Mr. Reum has served as Chairman, President and Chief Executive Officer of Amsted Industries
Incorporated since March 2001. He also served as Chairman, President and CEO of a public diversified metal
products company for many years. Mr. Reum holds an MBA from Harvard University, a JD from The University
of Michigan Law School and a bachelor’s degree from Yale University.
The Audit Committee’s duties are set forth in a written charter that was approved by the Board of Directors.
A copy of the charter can be found on our website. The Audit Committee generally is responsible for overseeing
all matters relating to our financial statements and reporting, internal audit function and independent auditors. As
part of its function, the Audit Committee reports the results of all of its reviews to the full Board. In fulfilling its
duties, the Audit Committee, has the following responsibilities:
Administrative Responsibilities
• Report to the Board, at least annually, all public company audit committee memberships by members of
the Audit Committee;
• Perform an annual review of its performance relative to its charter and report the results of its evaluation
to the full Board; and
• Adopt an orientation program for new Audit Committee members.
Independent Auditor
• Engage an independent auditor, determine the auditor’s compensation and replace the auditor if
necessary;
• Review the independence of the independent auditor and establish our policies for hiring current or
former employees of the independent auditor;
• Evaluate the lead partner of our independent audit team and review a report, at least annually, describing
the independent auditor’s internal control procedures; and
• Pre-approve all services, including non-audit engagements, provided by the independent auditor.
Internal Audit
• Review the plans, staffing, reports and activities of the internal auditors; and
• Review and establish procedures for receiving, retaining and handling complaints, including anonymous
complaints by our employees, regarding accounting, internal controls and auditing matters.
Financial Statements
• Review financial statements and Forms 10-K and 10-Q with management and the independent auditor;
• Review all earnings press releases and discuss with management the type of earnings guidance that we
provide to analysts and rating agencies;
• Discuss with the independent auditor any material changes to our accounting principles and matters
required to be communicated by Public Company Accounting Oversight Board (United States) Audit
Standard AU Section 380 Communication with Audit Committees;
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