Board Committees. The Board of Directors has established four standing committees: the
Audit, Finance and Risk Committee, the Communications Committee, the Compensation and
Benefits Committee, and the Nominating and Governance Committee.
Each Committee has adopted a written Charter which sets forth its purpose, membership,
duties and responsibilities. A copy of each Charter can be found on the Company’s website at
www.pennichuck.com, under the “Board of Directors” caption, under the “Corporate
Governance” heading.
The current members of the Board Committees are as follows:
Audit, Finance and Risk Committee Communications Committee
James P. Dore, Chairman Jay N. Lustig, Chairman
Paul A. Indeglia C. George Bower
Thomas J. Leonard Thomas J. Leonard
John D. McGrath Preston J. Stanley, Jr.
John M. Murphy (Appointed 3/24/17)
Compensation and Benefits Committee Nominating and Governance Committee
Stephen D. Genest, Chairman Paul A. Indeglia, Chairman
David P. Bernier Elizabeth A. Dunn
C. George Bower Stephen D. Genest
Elizabeth A. Dunn Thomas J. Leonard
Thomas J. Leonard Preston J. Stanley, Jr.
Jay N. Lustig
Audit, Finance and Risk Committee. The Audit, Finance and Risk Committee is responsible for
the appointment, compensation and retention of the independent auditors; preapproval of all
audit and non-audit services to be provided by the independent auditors; review and approval of
all related party transactions; review and evaluation of the qualifications, performance and
independence of the lead partner of the independent auditors; oversight of the integrity of the
Company’s financial staternents; oversight of Company financing activities; oversight of the
policies and procedures established to assess, monitor and control operational and financial risk;
and oversight of the Company’s insurance programs. The Audit, Finance and Risk Committee
held 5 meetings in 2016.
Communications Committee. The Communications Committee develops and assists with the
policies and strategies of external communications between the Board, the Company and the
Sole Shareholder, other stakeholders, and the public, as needed. The Communications
Committee held 3 meetings in 2016.
