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 and Nominating & Corporate Governance 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: comprised of non-employee Directors, determined to be "independent" under the listing standards of the New York Stock Exchange:
Helps oversee the Company's accounting and reporting practices.
Recommends independent public accountants for appointment by the Board and reviews their performance.
Monitors adequacy of internal accounting practices, procedures and controls.
Reviews all significant changes in accounting policies.
Compensation & Benefits Committee: comprised 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 executive compensation, perquisites and other compensation matters 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: comprised of the Chairman, Presiding Director and Vice Chairman of the Board, exercises the management authority of the Board during the intervals between Board meetings.
Nominating & Corporate Governance Committee: comprised 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: comprised of independent Directors and the Company's General Counsel and Vice Presidents for Corporate Affairs, Government Affairs and Policy and Worldwide Operations:
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: comprised of Board members and the Company's Vice President, Science and Technology
Advises the Board on scientific matters that include major internal projects; interaction with academic and other outside research organizations and acquisition of technologies and products.