• Communicate to management, as appropriate, the results of private discussions among outside managers and ensure that the expectations of the Board towards management and those of management towards the Board are clearly expressed in a respectful and constructive manner.
• Oversee the evaluation of the performance of senior executives or officers.
• Oversee the Board’s obligation to that the Company implements its code of ethics. KCG Corporate Profile 33
Standing and Ad Hoc Committees The Board has established five standing committees – the Corporate Governance Committee; the Corporate Communication Committee; the Finance and Risk Committee; the Human Resources Committee; and the Management Information Systems Committee. In addition to these regular committees, the Board may appoint ad hoc committees periodically or as needed
Each of the committees shall be composed of members of the Board, having regard to the needs of each committee and the expertise of individual members of the Board, and any applicable regulation.
The Corporate Governance Committee
The Corporate Governance Committee is generally responsible for the governance of the Board and recommending to the Board the required amendments to the Board of Manager’s Mandate. The Committee is also responsible for developing the Company’s approach to corporate governance. In addition, this Committee is responsible for maintaining an effective working relationship between the Board and management.
The Corporate Communication Committee
The Corporate Communication Committee is responsible for the overseeing of the company’s policies and practices pertaining to its occupational health and safety, environment, communication, corporate contributions, public and social matters and the company’s relationship with its strategic suppliers and customers and finally media.
The Finance and Risk Committee
The Finance and Risk Committee is generally responsible for reviewing and inquiring into matters affecting the integrity and performance of the Company’s financial reporting, the system of internal accounting and financial controls and procedures, and financial procedures and plans; overseeing the Company’s policies and practices relating to corporate compliance and risk management strategies; recommending to the Board the appointment of the external auditors; and reviewing with management and reporting to the Board annually on the Company’s financing plans and objectives.
The Human Resources Committee
The Human Resources Committee is generally responsible for overseeing the Company’s policies and practices with respect to its human resources; reviewing recommendations for the appointment of persons to senior executive positions; considering terms of employment, including succession planning and matters of compensation; recommending to the Board the goals and objectives used to determine executive leadership compensation; and evaluating the executive leadership team’s performance and making recommendations to the Board with respect to any incentive compensation plans.
Management Information Systems Committee
The Management Information Systems Committee is generally responsible for overseeing the Company’s direction with regards to information technology. The committee shall ensure the implementation of the board’s will in terms of information technology and will recommend technologies and courses of action in that regards.