|
Other Board Committees
In addition to the above committees, the Board has one Stock Committee and a Board-level Executive Committee.
The Stock Committee, which acted two times in 2006, consists of James Dimon. Its authority includes the declaration of dividends, authorization of the issuance of stock within Board-approved limitations, administration of the dividend reinvestment plan and implementation of share repurchase plans in accordance with Board-approved capital plans.
The Board-level Executive Committee consists of James S. Crown, James Dimon, William H. Gray, III, Laban P. Jackson, Jr., David C. Novak and Lee R. Raymond. It may exercise all the powers of the Board that lawfully may be delegated. The Board-level Executive Committee was established with the expectation that it would not take material actions absent special circumstances. There were no meetings of the Board-level Executive Committee in 2005 or 2006.
|
