Committees of the Board of Directors
There are six standing committees of the Johnson & Johnson Board of Directors:
Audit Committee,
Compensation & Benefits Committee,
Nominating & Corporate Governance Committee,
Finance Committee,
Public Policy Advisory Committee, and
Science & Technology Advisory Committee
See the descriptions provided below for each committee. For more information about the Audit, Compensation & Benefits, Nominating & Corporate Governance and Science and Technology Advisory Committees, you may click on each heading to see that committee's charter.
To learn how the Johnson & Johnson Board of Directors make up each committee:
Board Committee Chart
Audit Committee: composed of non-employee Directors, determined to be "independent" under the listing standards of the New York Stock Exchange:
Helps the Board oversee the Company's accounting and reporting practices.
Recommends independent public auditor for appointment by the Board and reviews its performance.
Monitors adequacy of internal accounting practices, procedures and controls.
Reviews the Company's financial reporting process and disclosure procedures.
Helps the Board oversee the Company's legal compliance programs.
Compensation & Benefits Committee: composed of non-employee Directors, determined to be "independent" under the listing standards of the New York Stock Exchange:
Establishes the Company's executive compensation philosophy and principles and approves the annual compensation and long-term incentives for the Company's directors and executive officers.
Reviews the philosophy and policies of the non-Board Management Compensation Committee with respect to management compensation, perquisites and other compensation policies for non-executive employees.
Oversees the management of the various retirement, pension, long-term incentive, savings, and health and welfare plans that cover the Company's employees.
Finance Committee: composed of the Chairman and Presiding Director of the Board, exercises the authority of the Board during the intervals between Board meetings.
Nominating & Corporate Governance Committee: composed of non-employee Directors, determined to be "independent" under the listing standards of the New York Stock Exchange:
Oversees corporate governance matters.
Reviews possible candidates for Board membership and recommends nominees for election.
Oversees the process for performance evaluations of the Board and its committees.
Reviews the Company's executive succession plans and executive resources.
Public Policy Advisory Committee: composed of independent Directors and one of the Company's Vice Chairmen, Executive Committee, and the Vice Presidents for Corporate Affairs, Government Affairs and Policy and Johnson & Johnson Supply Chain.
Reviews the Company's policies, programs and practices on public health issues regarding the environment and the health and safety of employees.
Reviews the Company's governmental affairs and policies and other public policy issues facing the Company.
Advises and makes recommendations to the Board on these issues as appropriate.
Science & Technology Advisory Committee: composed of Board members and the Company's Vice President, Science and Technology
Helps the Board with scientific matters impacting the Company's business, including monitoring the strategy and effectiveness of the Company's research and development organization.
Reviews the effectiveness of scientific aspects of the Company's product safety processes.
Oversees major business development activities related to the acquisition of new science or technology.
Identifies and understands significant new science and technology policy issues and trends.