Technology Committee Charter
The Board of Directors shall
appoint annually the Technology Committee which shall have the responsibility
and authority described below. Members of the Committee shall serve at the will
of the Board of Directors.
Composition
The Technology Committee shall be comprised of not less than three members.
Scope
The Technology Committee shall be concerned with the impact of all those
technologies which do or could materially affect the well-being of the Company.
Responsibility and Functions
The responsibilities and functions of the Technology Committee shall be to:
-
Assess the technical capabilities of the Company in all phases of its
activities in relation to corporate strategies and plans.
-
Consult with the management of the Company concerning technologies applicable
to the Company, including but not limited to manufacturing practices and
technologies, product and process development, support technologies, and the
utilization of quality assurance programs.
-
Report at least once each year to the Board of Directors any recommendations
concerning priorities, asset deployment or other matters relevant to the
technical activities of the Company.
-
Bring to the attention of the Board of Directors external opportunities or
threats regarding technology which may have a significant impact on the
Company.
The Technology Committee shall also perform such additional duties and have
such additional responsibilities and functions as the Board of Directors may
from time to time determine.
Meetings
The Technology Committee shall hold at least one meeting each year and others
as deemed necessary by its chairperson. A report of all such meetings will be
made to the Board of Directors.
Date adopted: May 9, 2008
|