Our solid reputation has been built on a foundation of integrity and trust. The keystone of that reputation is our commitment to maintaining best-in-class corporate governance practices and an outstanding Board of Directors comprised of independent, diverse and highly accomplished individuals. Our Board and senior management are dedicated to providing accurate and clear information to our investors, customers, rating agencies, employees and other constituents.
Ellen R. AlemanyMichael A. Carpenter
William M. Freeman
Marianne Miller Parrs
R. Brad OatesJohn J. Oros
Vice Admiral John Ryan
Sheila A. Stamps
Peter J. TobinLaura S. Unger
Chart of Board Committee Membership
This committee is composed entirely of independent directors and oversees the integrity of CIT financial reports and statements, the selection and performance of the company's independent auditors, CIT internal controls and internal audit function, and the company's
Code of Business Conduct.
Charter of the Audit Committee of the Board of Directors
This committee is composed entirely of independent directors and oversees compensation and benefits policies for employees and directors, the performance and compensation of CIT executive officers, and succession planning.
Charter of the Compensation Committee of the Board of Directors
Nominating & 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 & Governance Committee of the Board of Directors
Regulatory Compliance Committee
This committee is composed entirely of independent directors and oversees compliance with all significant bank regulatory matters.
Charter of the Regulatory Compliance Committee of the Board of Directors
Risk Management Committee
This committee is composed entirely of independent directors and oversees all major risks inherent to CIT business activities and monitors CIT risk management framework, including periodic review of the policies, practices and resources employed by CIT for assessing and managing its major risks.
Charter of the Risk Management Committee of the Board of Directors
Any person who has a concern about CIT governance, corporate conduct, business ethics or financial practices (including CIT accounting, internal accounting controls or auditing matters) (a "Concern") may communicate that Concern to the company's lead director, non-management directors as a group, or the Audit Committee. In addition, CIT stockholders may communicate with the Board regarding any topic of current relevance to CIT business.
The foregoing communications may be anonymous, and may be reported by calling the CIT Hotline in the U.S. or Canada at 1-877-530-5287, e-mailed to:
firstname.lastname@example.org or submitted in writing to:
CIT Group Inc. Board of Directors
1 CIT Drive
Livingston, NJ 07039
Attn: General Counsel and Secretary
Concerns and issues communicated to the Board will be addressed through CIT regular procedures. Depending on the nature of the Concern or issue, it may be referred to CIT Internal Audit Department, Law Department, Chief Compliance Officer, Human Resources Department or other appropriate department. At its regular meetings (or more frequently if deemed appropriate by management), the Board, or the appropriate committee of the Board, will be provided with a summary and/or copies of the communications described above.