Compensation Committee
Chair: Robert T.F. Reid
Members: J. Paul Charron, John E. Feick, Rebecca A. McDonald and Stephen W.C. Mulherin
The Compensation Committee is responsible for: (i) assisting the Board of Directors in respect of executive compensation policies and guidelines generally for Veresen Inc. and for administering Veresen Inc.'s executive compensation program; (ii) reviewing compensation strategies for Veresen inc. and the structure and competitiveness of Veresen Inc.'s executive compensation program; (iii) assessing the performance of the officers of Veresen Inc. in fulfilling their responsibilities, other than the President and Chief Executive Officer of Veresen Inc., and meeting objectives and making recommendations to the Board of Directors regarding the compensation of those officers; (iv) reviewing and making recommendations to the Board of Directors regarding the compensation of the President and Chief Executive Officer of Veresen Inc., taking into account the assessment of his performance by the Corporate Governance and Nominating Committee; and (v) undertaking on behalf of the Board of Directors such other initiatives as may be necessary or desirable to assist the Board of Directors in discharging its responsibilities to ensure that the appropriate compensation policies, strategies and performance evaluations are in place and operating effectively.
