Investor Relations > Corporate Governance Guidelines

Corporate Governance, Nominating and Compensation Committee (G/N/C) is comprised of the independent members of the board of directors:

  • The G/N/C establishes the standards of director independence in compliance with the rules of the SEC and the NYSE
  • The G/N/C assists the board and management to maintain a high standard of ethical principles
  • The G/N/C reviews the performance of management and evaluates its succession planning
  • The G/N/C nominates the officers of TEN as well as its board members
  • The G/N/C oversees the relationship with TEM regarding the management contract and the incentive bonus plan for TEM and its subcontractors
  • The G/N/C evaluates its own performance and the general performance of the board of directors
  • The G/N/C designs and oversees the compensation program for the independent directors
  • The G/N/C meets at least three times a year