The Finance Committee of the Board of Directors of Schlumberger Limited (the “Company,” 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.
The purpose of the Committee is to assist the Board and management of the Company in discharging their responsibilities with regard to financing policies of the Company and its subsidiaries and to serve as the Committee for pension and profit-sharing trusts as required by U.S. law.
The authority and responsibilities of the Finance Committee are:
The Committee shall meet at least twice a year, or more often as circumstances require, keep minutes of its proceedings and report regularly to the Board.
The Committee may invite to its meetings any director, officer of the Company or such other person as it deems appropriate to assist it in performing its responsibilities, and has the authority to retain independent financial or other consultants to assist it in its responsibilities, and to approve related fees and other retention provisions.
The Committee may delegate specific responsibilities, including those related to pension and profit-sharing trusts, to one or more individual Committee members or to management to the extent permitted by law, regulation and the Articles of Incorporation of the Company.
The Committee shall conduct and present to the Board an annual performance evaluation of the Committee. The Committee shall review periodically the adequacy of this charter and recommend any changes that it deems appropriate to the Board for approval.
Approved by the Board of Directors: October 19, 2016