The primary purposes of the Nominations and Governance Committee ("Committee") of the Board of Directors (the "Board") of CECO Environmental Corp. (the “Company”) are to (a) identify individuals qualified to become Board members, consistent with the director nomination policy approved by the Board, (b) recommend that the Board select the director nominees for the next annual meeting of stockholders, (c) develop and recommend Board members to the Board for committee membership, (d) develop and recommend to the Board corporate governance principles applicable to the Company and (e) oversee the evaluation of the Board and management.
The Committee shall consist of a minimu m of two members appointed by the Board, all of whom shall be independent directors as defined in the rules of The NASDAQ Stock Market LLC (“NASDAQ”) and the Securities Exchange Act of 1934 (the “Exchange Act”), as such requirements are interpreted by the Board in its business judgment, subject to any exemptions to such requirements.
The Committee shall meet, in person or telephonically, as frequently as necessary to carry out its responsibilities under this Charter. The Committee Chair shall, in consultation with the other members of the Committee and appropriate officers of the Company, establish the agenda for each Committee meeting. Each Committee member may submit items to be included on the agenda. Committee members may also raise subjects that are not on the agenda at any meeting. The Committee Chair or a majority of the Committee members may call a meeting of the Committee at any time. A majority of the number of Committee members selected by the Board shall constitute a quorum for con ducting business at a meeting of the Committee. The act of a majority of Committee members present at a Committee meeting at which a quorum is in attendance shall be the act of the Committee, unless a greater number is required by law, the Company's certificate of incorporation or its bylaws. The Committee may also take any action permitted hereunder by unanimous written consent. The Committee Chair will supervise the conduct of the meetings and shall have other responsibilities which the Committee may designate from time to time.
The Committee may request any officer or other employee of the Company, or any representative of the Company's legal counsel or other advisors, to attend a meeting or to meet with any members or representatives of the Committee.
DUTIES AND RESPONSIBILITIES:
The Committee has the following duties and responsibilities:
The Committee may, in its discretion, dele gate all or a portion of its duties and responsibilities to a subcommittee of the Committee.
RESOURCES AND AUTHORITY:
The Committee shall have appropriate resources and authority to discharge its responsibilities, including appropriate funding in such amount as the Committee deems necessary, to compensate any consultants and any independent advisors retained by the Committee. The Committee shall have the sole authority to retain and terminate any search firm to assist in the identification of director candidates and the sole authority to set the fees and other retention terms of such search firms. The Committee may also retain independent counsel and other independent advisors to assist it in carrying out its responsibilities.
At least annually, the Committee shall (a) review this Charter with the Board and recommend any changes to the Board and (b) evaluate its performance against the requirements of this Charter and review this evaluation with the Board. The Committee shall conduct its review and evaluation in such manner as it deems appropriate. At least annually, the Board shall independently evaluate the performance of the Committee.