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About CIT > Corporate Governance > Board Committees
 
Board Committees

Audit Committee

This committee is composed entirely of independent directors and oversees the integrity of CIT's financial reports and statements, the selection and performance of the company's independent auditors, CIT's internal controls and internal audit function, and the company's Code of Business Conduct and Code of Ethical Conduct.

Charter of the Audit Committee of the Board of Directors
 

Compensation Committee

This committee is composed entirely of independent directors and oversees compensation and benefits policies for employees and directors, the performance and compensation of CIT's executive officers, and succession planning.

Charter of the Compensation Committee of the Board of Directors
 

Nominating and Governance Committee

This committee is composed entirely of independent directors and oversees matters relating to the composition, organization and effectiveness of the Board and its committees, researches and recommends candidates for membership on the Board, periodically reviews and recommends the Board's Corporate Governance Guidelines, and oversees the Board's self-evaluation process.

Charter of the Nominating and Governance Committee of the Board of Directors
 

Committee Assignments

Director

Audit Committee

Compensation Committee

Nominating and Governance Committee

Gary C. Butler

 

 

M

William M. Freeman

 

C

 

Susan M. Lyne

 

M

 

James S. McDonald

M

 

 

Marianne M. Parrs

M

 

 

Timothy M. Ring

 

M 

 

John R. Ryan

 

 

M

Seymour Sternberg

M

 

 

Peter J. Tobin

C

 

 

Lois M. Van Deusen

 

 

C

C = Committee Chairperson
M = Committee Member