The Compensation Committee of the Board of Directors of Schlumberger Limited (“Schlumberger,” and such board, the “Board,” and such committee, the “Committee”) shall consist of at least three Directors. The members of the Committee and its Chair shall be appointed by the Board upon the recommendation of the Nominating and Governance Committee, and may be removed by the Board at its discretion. All members of the Committee shall, in the Board’s judgment, meet the applicable independence requirements of the New York Stock Exchange (“NYSE”), and all other applicable laws and regulations.
The purposes of the Committee are to assist the Board in discharging its responsibilities with regard to executive compensation, periodically review Non-Executive Director compensation, oversee the general compensation philosophy, policy and programs of Schlumberger, serve as the administrative Committee under Schlumberger’s stock plans, and review and discuss with management the Company’s report to stockholders on executive compensation.
The authority and responsibilities of the Committee are:
Approved by the Board of Directors: Revised Oct. 19, 2016