Responsibility of the Finance Committee
The Finance Committee assists the Board in fulfilling its responsibilities in connection with the company's financial affairs. The Committee's duties include:
- reviewing and, subject to the limits specified in its charter, approving or making recommendation to the Board regarding financial proposals, proposed acquisitions, divestitures and other similar transactions, and proposed capital expenditures;
- reviewing and making recommendations to the Board regarding dividend proposals and plans for the repurchase of shares;
- reviewing the management of pension assets; and
- overseeing Baxter's significant financial policies and actions, including with respect to Baxter's capital and tax structure, portfolio investments, hedging activities, use of derivative instruments and insurance coverage.