| Purpose | To review DTE Energy Company's (the "Company") performance as a responsible corporate citizen and suggest policies to the Board of Directors (the "Board") that will enable the Company to respond appropriately to its social responsibilities and its shareholders' interests. |
| Membership & Authority |
- The Committee shall be composed of three or more directors as determined by the Board of Directors. Committee members are appointed for one-year terms and can be re-appointed for additional terms.
- The Committee has the authority to perform the duties listed in this Charter, as it determines to be necessary and advisable from time to time in its business judgment.
- The Committee shall meet as necessary, but no fewer than three times a year. The Committee shall keep minutes or other records of its meetings.
- The Committee has the authority to retain independent outside professional advisors or experts as it deems advisable or necessary, including the sole authority to retain and terminate any such advisors or experts, to carry out its duties. The Committee shall have sole authority to approve related fees and retention terms.
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| Responsibilities & Duties |
- Review and advise the Board on emerging social, economic, political, reputational and environmental issues that could significantly affect the Company's business and performance in relation to the community, shareholders, customers and employees.
- Review reports from management with respect to risk exposures related to social, economic, political, reputational and environmental issues and advise the Board on management’s procedures for monitoring, controlling and reporting on such exposures
- Review the Company's policies and programs with regard to its community and social responsibilities, including community relations activities, charitable contributions, minority business programs, employment opportunities, political action committees, and environmental and customer issues.
- Receive reports regarding policies and safety issues affecting employees, customers and the general public.
- Review performance reports and strategic initiatives and activities relating to the environment and economic development.
- Review other matters that may be delegated to the Committee by the Board.
- Make reports to the Board of Directors and keep the Board informed of matters that come before the Committee as the Committee believes necessary and appropriate. Advise the Board of any developments that the Committee believes should have Board consideration.
- Annually conduct a performance evaluation of itself and report results to the Board.
- Review and reassess the adequacy of the charter annually and recommend any proposed changes to the Corporate Governance Committee.
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