1. Members. The Board of Directors shall appoint an Audit Committee of at least three members, consisting entirely of independent directors of the Board of Directors, and shall designate one member as chairperson or delegate the authority to designate a chairperson to the Audit Committee. Members of the Audit Committee shall be appointed by the Board of Directors upon the recommendation of the Nominating and Corporate Governance Committee. For purposes hereof, the term "independent" shall mean a director who meets the independence requirements of the NASDAQ Stock Market ("NASDAQ") and the Securities and Exchange Commission ("SEC"), as determined by the Board of Directors.
   
   Each member of the Audit Committee must be financially literate and at least one member must have accounting or related financial management expertise, as determined by the Board of Directors. In addition, at least one member of the Audit Committee shall be an "audit committee financial expert," as determined by the Board of Directors in accordance with the applicable rules of the SEC.
    

2. Meetings. The Audit Committee shall meet prior to the release and filing of annual and quarterly financial reports with the Company's financial management and its outside auditors to review and discuss such reports. The majority of the members of the Audit Committee shall constitute a quorum. The Audit Committee shall meet separately as it deems appropriate with Company management and the outside auditor in order to review the financial controls of the Company. The Audit Committee shall report regularly to the full Board of Directors with respect to its activities. The Audit Committee shall maintain written minutes of its meetings, which minutes shall be filed with the minutes of meetings of the Board of Directors.
    

3. Purposes, Duties and Responsibilities. The purposes of the Audit Committee shall be to:

• represent and assist the Board of Directors in discharging its oversight responsibility relating to: (i) the accounting, reporting, and financial practices of the Company and its subsidiaries, including the integrity of the Company's financial statements; (ii) the surveillance of administration and financial controls and the Company's compliance with legal and regulatory requirements; (iii) the outside auditor's qualifications and independence; and (iv) the performance of the Company's internal audit function and the Company's outside auditor; and
• cause to be prepared and included in the Company's proxy statement a report of the Audit Committee complying with the requirements of Item 306 of Regulation S-K of the SEC.
  
  Among its specific duties and responsibilities, the Audit Committee shall:

1. Be directly responsible, in its capacity as a committee of the Board of Directors, for the appointment, compensation and oversight of the work of the outside auditor. In this regard, the Audit Committee shall appoint and retain, compensate, evaluate, and terminate, when appropriate, the outside auditor, which shall report directly to the Audit Committee.

2. Obtain and review, at least annually, a report by the outside auditor describing the outside auditor's internal quality-control procedures, and any material issues raised by the most recent internal quality-control review, or peer review, or by any inquiry or investigation by governmental or professional authorities, within the preceding five years, respecting one or more independent audits carried out by the outside auditing firm, and any steps taken to deal with any such issues.

3. Approve in advance all audit services and permissible non-audit services to be provided by the outside auditor.

4. Establish policies and procedures for the engagement of the outside auditor to provide audit and permissible non-audit services, which shall include pre-approval of all permissible non-audit services to be provided by the outside auditor.

5. Consider, at least annually, the independence of the outside auditor, including whether the outside auditor's performance of permissible non-audit services is compatible with the auditor's independence, and obtain and review a written statement by the outside auditor describing any relationships between the outside auditor and the Company or any other relationships that may adversely affect the independence of the auditor, including the disclosures required by Independence Standards Board Standard No. 1. The Audit Committee shall actively engage in dialogue with the outside auditor concerning any disclosed relationships or service that may impact the objectivity and independence of the auditor.

6. Review and discuss with the outside auditor: (A) the scope of the audit, the results of the annual audit examination by the auditor, and any difficulties the auditor encountered in the course of its audit work, including any restrictions on the scope of the outside auditor's activities or on access to requested information, and any significant disagreements with management; and (B) any reports of the outside auditor with respect to interim periods.

7. Review and discuss with management and the outside auditor the annual audited and quarterly financial statements of the Company, including: (A) an analysis of the auditor's judgment as to the quality of the Company's accounting principles, setting forth significant financial reporting issues and judgments made in connection with the preparation of the financial statements; (B) the Company's disclosures under "Management's Discussion and Analysis of Financial Condition and Results of Operations," including accounting policies that may be regarded as critical; and (C) major issues regarding the Company's accounting principles and financial statement presentations, including any significant changes in the Company's selection or application of accounting principles and financial statement presentations; and receive reports from the outside auditor as required by SEC rules.

8. Recommend to the Board of Directors based on the review and discussion described in paragraphs (v) - (vii) above, whether the financial statements should be included in the Annual Report on Form 10-K.

9. Review and discuss the adequacy and effectiveness of the Company's internal controls, including any significant deficiencies in internal controls and significant changes in such controls reported to the Audit Committee by the outside auditor or management.

10. Review and discuss the adequacy and effectiveness of the Company's disclosure controls and procedures and management reports thereon.

11. Review and discuss corporate policies with respect to earnings press releases, as well as financial information and earnings guidance provided to analysts and ratings agencies.

12. Review and discuss the Company's policies with respect to risk assessment and risk management.

13. Oversee the Company's compliance systems with respect to legal and regulatory requirements and review the Company's codes of conduct and programs to monitor compliance with such codes.

14. Establish procedures for handling complaints regarding accounting, internal accounting controls and auditing matters, including procedures for confidential, anonymous submission of concerns by employees regarding accounting and auditing matters.

15. Review and approve all related party transactions as required by applicable rules and regulations of NASDAQ and the SEC.

16. Establish policies for the hiring of employees and former employees of the outside auditor.

17. Annually evaluate the performance of the Audit Committee and assess the adequacy of the Audit Committee charter.

4. Outside Advisors. The Audit Committee shall have the authority to retain such outside counsel, accountants, experts and other advisors as it determines appropriate to assist it in the performance of its functions and shall receive appropriate funding, as determined by the Audit Committee, from the Company for payment of compensation to any such advisors.
    

Corporate Policies

Insider Trading Policy

Audit Committee Charter

Compensation Committee Charter

Corporate Governance Committee Charter

Corporate Governance Guidelines

Code of Business Conduct & Ethics