In keeping with today’s increased focus on improved corporate governance, MDC Partners Board of Directors has recently adopted new charters for its three board committees, which include the following:
Chairman Senator Michael Kirby
Members Clare Copeland, Thomas N. Davidson
Responsibilities The Audit Committee reviews all financial statements, annual and interim, intended for circulation among shareholders and reports upon these to the Board. In addition, the Board of Directors may refer to the Audit Committee on other matters and questions relating to the financial position of MDC Partners and its affiliates.
Charter Document Audit Committee Charter
Nominating and Corporate Governance Committee
Chairman Robert "Kam" Kamerschen
Members Thomas N. Davidson, Senator Michael Kirby, Scott Kauffman
Responsibilities The Nominating and Corporate Governance Committee is composed of five members, all of whom are unrelated directors. The committee is responsible for reviewing and making recommendations to the Board with respect to developments in the area of corporate governance and the practices of the Board. The committee is also responsible for evaluating the performance of the Board as a whole, along with individual Board members, and for reporting to the Board with respect to appropriate candidates for nominations to the Board.
Charter Document Nominating and Corporate Governance Committee Charter
Human Resources and Compensation Committee
Chairman Clare Copeland
Members Thomas N. Davidson, Robert "Kam" Kamerschen, Scott Kauffman, Senator Michael Kirby
Responsibilities The Human Resources and Compensation Committee determines the compensation of all senior officers of MDC Partners. The committee discusses personnel and human resource matters, including recruitment and development, management succession, and benefit plans. As well, the committee grants options under the company's Employee Stock Option Incentive Plan.
Charter Document Human Resources and Compensation Committee Charter