The Committee members shall serve for such term or terms as the full Board shall determine. In the event that any members of the Committee sit simultaneously on the audit committee of two or more other public companies, the Board will determine if their duties on such audit committees impair their ability to serve effectively on the Audit Committee of the Company, and such determinations will be disclosed in the Company’s annual proxy statement.Ī Chairperson of the Committee will be selected by the full Board from among the Committee members. At least one member of the Audit Committee shall be a financial expert as defined by the SEC.Īudit Committee members who simultaneously serve on the audit committees of two or more other public companies shall promptly disclose such fact to the Board. The members of the Audit Committee shall meet the independence and other requirements of the New York Stock Exchange (“NYSE”), the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the rules and regulations of the SEC.
The Audit Committee shall consist of no fewer than three members as determined by the Board, each of whom shall be a non-employee director of the Company.
The Audit Committee shall prepare a report as required by the rules of the Securities and Exchange Commission (the “SEC”) to be included in the Company’s annual proxy statement. (the “Company”) is organized for the purposes of assisting the Board in oversight of (1) the integrity of the financial statements of the Company, (2) the compliance by the Company with legal and regulatory requirements, (3) the independent auditor’s qualifications and independence and (4) the performance of the Company’s internal audit function(s) and independent auditors. The Audit Committee of the Board of Directors (the “Board”) of Moog Inc.
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