Board Committees

The Board has three standing committees:

  • the Audit Committee;
  • the Nominating and Corporate Governance Committee; and
  • the Compensation Committee.

These committees are comprised entirely of independent Directors, as currently required under the rules of the Exchange Act and NASDAQ listing standards, including heightened independence rules and standards applicable to the members of the Audit Committee and Compensation Committee. Each committee is governed by a written charter approved by the Board. These charters are available on the Company’s website at www.21cf.com/BoardCommittees.Each of the standing committees of the Board has the authority to retain, terminate and determine the fees and terms of consultants, legal counsel and other advisors to such committees as such committee may deem appropriate in its discretion.