The following principles have been approved by the board of directors and, along with the charters and key practices of the board committees, provide the framework for the governance of GE. The board recognizes that there is an on going and energetic debate about corporate governance, and it will review these principles and other aspects of GE governance annually or more often if deemed necessary.
Governance Principles (PDF, 660KB) Abstract of Governance Principles
- Role of Board and Management
- Functions of Board
- Qualifications
- Independence of Directors
- Size of Board and Selection Process
- Board Committees
- Independence of Committee Members
- Meetings of Non-Management Directors
- Board Leadership
- Self-Evaluation
- Setting Board Agenda
- Ethics and Conflicts of Interest
- Reporting of Concerns to Non-Management Directors or the Audit Committee
- Compensation of the Board
- Succession Plan
- Annual Compensation Review of Senior Management
- Access to Senior Management
- Access to Independent Advisors
- Director Education
- Policy on Poison Pills
- Majority Vote Standard
- Stock Ownership Requirements
- Shareowner Approval of Severance and Death Benefits
- Potential Impact on Compensation from Executive Misconduct
