CIT governance structure, policies and practices
Corporate Governance

 
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.

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 & 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


Risk Management Committee

This committee is composed entirely of independent directors and oversees all major risks inherent to CIT’s business activities and monitors CIT’s 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

Committee Assignments

Director Audit Committee Compensation Committee Nominating & Governance Committee Risk Management Committee
William M. Freeman   C    
Marianne M. Parrs C      
John R. Ryan     M M
Christopher H. Shays     M  
Seymour Sternberg M      
Peter J. Tobin M     C
Lois M. Van Deusen   M C  

C = Committee Chairperson

M = Committee Member