|
|
Governance Guidelines
El Paso Corporation’s board of directors recognizes the importance
of credibility, integrity, and trust to our success as a business
and believes that sound corporate governance policies and practices
provide an essential foundation to assist the board in fulfilling
its responsibilities.
The principles approved by the board of directors in the Corporate
Governance Guidelines ,
along with the charters of the board committees, provide the foundation
for the governance of El Paso. These guidelines provide the
general structure, functions, and operations of the board. The guidelines
ensure a diversified board that meets the “independence” standards
of the New York Stock Exchange and a non-management lead director
who will chair the executive sessions of the board. Each year the
board will review and approve the company’s business plan, long-term
strategic plan, and financial goals in accordance with the guidelines.
The guidelines also provide for an annual evaluation of the effectiveness
of the board and its committees.
The board recognizes the importance of strong corporate governance
and will review these guidelines periodically to ensure they reflect
the board’s commitment to sound corporate governance policies and
practices.
|
