TECHNOLOGY COMMITTEE CHARTER
The Technology Committee is appointed by the Board of Directors for the purpose
of providing oversight of the development and maintenance of the Information Systems
(IS) planning for the Corporation. The committee serves as a general review board
for all IS projects and activities but is not involved in routine day-to-day operations.
The Technology Committee shall consist of no fewer than three members of the Board
of Directors and various members from management as determined by the committee.
The members of the committee shall be appointed by the Board. Committee members
may be replaced by the Board.
Committee Authority and Responsibilities
Oversee and approve requests for hardware and software.
Oversee and approve all requests for systems development.
Establish project priorities.
Oversee all IS performance.
Oversee and recommend disposition of major IS capital expenditures.
Oversee implementation of new processes to ensure that the Corporation's objectives
The committee's oversight of IS capital expenditures and activities shall be governed
by budgetary considerations promulgated by the Executive Committee of the Company.