Sentences with phrase «lead independent director positions»

Not exact matches

This position is vested with broad authority to lead the actions of the independent directors and communicate regularly with the Chief Executive Officer.

The Board believes that its current leadership structure, in which the positions of Chairman and Chief Executive Officer are held by Mr. Musk, together with a Lead Independent Director with broad authority, is appropriate at this time and provides the most effective leadership for Tesla in a highly competitive and rapidly changing technology industry.

In cases where the Board determines it is in the best interests of HP's stockholders to combine the positions of Chairman and CEO, the independent directors will designate a lead independent director.

Only one family firm, however, received a full deduction in this area, which means that the CEO and Chair positions are combined, and that the board has not appointed an independent Lead Director to ensure the independence of the board.

The Board annually appoints a Lead Independent Director, who will assume the responsibilities set forth in the Company's Position Description for the Lead Independent Director, which is posted on the Company's website.

The Board has developed written position descriptions for the Chairman of the Board, the Lead Independent Director in the event that the Chairman is not independent, for the Chairperson of each Board committee aIndependent Director in the event that the Chairman is not independent, for the Chairperson of each Board committee aindependent, for the Chairperson of each Board committee and the CEO.

At the Board Meeting, the Board also established the position of Lead Independent Director to preside at executive sessions of the non-employee directors and to serve as the principal liaison between the non-employee directors and the Chairman of the Board.