Chair – Irving R. Gerstein
The Compensation, Nominating and Governance Committee (the "CNG Committee") of the Company is charged with responsibility for:
Chair – George Rossi
The Audit Committee is responsible for:
The independent auditors of Student Transportation Inc. report directly to the Audit Committee. In addition, the Audit Committee is responsible for reviewing and approving the auditors' examination and for recommending to the board of directors the selection of independent auditors of Student Transportation Inc.
Chair – Wendi Sturgis
The primary purpose of the Innovation and Technology Committee (the "Committee" or "ITC") of the Board of Directors is to provide understanding, clarification and validation to the Board on the fundamental technological and strategic direction of new ventures and major investment projects within the Company in order to enhance shareholder value as well as to provide strategic direction to management in the aforementioned areas. Innovation and Technology are key contributors to the Company's long-term competitiveness and profitability.
The Board of Directors shall elect annually from its members a committee known as the "Innovation and Technology Committee" or "ITC", which shall consist of at least two members of the Board at inception, and up to a maximum of four members. The members of the Committee shall be appointed by the Board upon the recommendation of the Compensation, Nominating and Governance Committee (the "CNG Committee") based upon experience, education and other skills. The Board, upon recommendation of the CNG Committee, may fill any vacancies on the Committee and may remove a Committee member from membership on the Committee at any time, with or without cause.
The chairperson of the Committee shall be appointed by the Board based upon the recommendation of the CNG Committee.
A majority of the Committee members shall constitute a quorum for the transaction of business.
The Committee chairperson or a majority of the Committee members may call a meeting of the Committee.
The Committee, in its sole discretion, may invite members of other Board committees, management, as well as outside advisors or consultants, to attend meetings and to provide pertinent information.