Nominating and Corporate Governance Committee Charter

 

CHARTER OF THE NOMINATING AND CORPORATE
GOVERNANCE COMMITTEE
OF THE BOARD OF DIRECTORS  

Approved by the Board of Directors

December 7, 2016

The primary purpose of the Nominating and Corporate Governance Committee (the “Committee”) of the Board of Directors (the “Board”) of Zynga Inc. (the “Company”) shall be to (i) oversee the Company’s corporate governance functions on behalf of the Board; (ii) make recommendations to the Board regarding corporate governance issues; (iii) identify and evaluate candidates to serve as directors of the Company consistent with the criteria approved by the Board and review and evaluate the performance of the Board; (iv) serve as a focal point for communication between director candidates, non-committee directors and the Company’s management; (v) recommend to the Board for selection candidates to the Board or, to serve as nominees for director for the annual meeting of stockholders; and (vi) make other recommendations to the Board regarding affairs relating to the directors of the Company.

The Committee shall consist of at least two (2) members of the Board each of whom shall satisfy the independence requirements of the NASDAQ Stock Market LLC (“NASDAQ”), as determined by the Board, including any exceptions permitted by such requirements. The members of the Committee and the Committee chairperson shall be appointed by and serve at the discretion of the Board.  Vacancies occurring on the Committee shall be filled by the Board. 

 The Committee shall hold such regular or special meetings as its members shall deem necessary or appropriate.  Minutes of each meeting of the Committee shall be prepared and distributed to each director of the Company and the Secretary of the Company after each meeting.  The Chairman of the Committee shall report to the Board from time to time, or whenever so requested by the Board. 

The Committee shall have access to and shall communicate with the Board, committee chairpersons, members of senior management and independent professional advisors to the Board and its various committees, as applicable.  The Committee shall have access to all books, records, facilities and personnel of the Company as deemed necessary or appropriate by any member of the Committee to discharge his or her responsibilities.  The Committee shall have the authority to obtain, at the expense of the Company, advice and assistance from internal or external legal, accounting or other advisors and consultants.  The Committee shall also have authority to pay, at the expense of the Company, ordinary administrative expenses, including expenditures for external resources, that, as determined by the Committee, are necessary or appropriate in carrying out its duties.  The Committee shall have authority to require that any of the Company’s personnel, counsel, accountants or investment bankers, or any other consultant or advisor to the Company, attend any meeting of the Committee or meet with any member of the Committee or any of its special, outside legal, accounting or other, advisors or consultants. 

The Committee may form and delegate authority to subcommittees as appropriate, including, but not limited to, a subcommittee composed of one or more members of the Board.  Delegation by the Committee to any subcommittee shall not limit or restrict the Committee on any matter so delegated, and any such action by the Committee shall not limit or restrict any future action by such subcommittee.  The operation of the Committee shall be subject to the Bylaws of the Company as in effect from time to time and Section 141 of the Delaware General Corporation Law.  The approval of this Nominating and Corporate Governance Committee Charter shall be construed as a delegation of authority to the Committee with respect to the responsibilities set forth herein.
 

To implement the Committee’s purpose, the Committee shall have the following responsibilities.  The Committee may supplement and, except as otherwise required by NASDAQ, deviate from these activities as appropriate under the circumstances:

  1. Director Nominations.  The Committee shall develop and recommend to the Board criteria for identifying and evaluating director candidates and periodically review these criteria. The Committee shall identify and evaluate candidates to serve on the Company’s Board consistent with the criteria approved by the Board, including consideration of the potential conflicts of interest as well as applicable independence and other requirements.  The Committee shall also have responsibility for reviewing, evaluating and considering the recommendation for nomination of incumbent directors for re-election to the Board, as well as monitoring the size of the Board.  The Committee shall also recommend to the Board for selection candidates to the Board or to serve as nominees for director for the annual meeting of stockholders.  The Committee shall also have the power and authority to consider recommendations for Board nominees and proposals submitted by the Company’s stockholders and to establish any policies, requirements, criteria and procedures, including policies and procedures to facilitate stockholder communications with the Board, to recommend to the Board appropriate action on any such proposal or recommendation and to make any disclosures required by applicable law in the course of exercising its authority.
  2. Board Assessment.  The Committee shall periodically review, discuss and assess the performance of the Board, including Board committees, seeking input from the full Board, management and others. The assessment shall include evaluation of the Board’s contribution as a whole and effectiveness in serving the best interests of the Company and its stockholders, specific areas in which the Board believes contributions could be improved, and overall Board composition and makeup, including the reelection of current Board members, and management shall make recommendations to the Board for areas of improvement as it deems appropriate. The factors to be considered shall include whether the directors, both individually and collectively, can and do provide the integrity, experience, judgment, commitment, skills and expertise appropriate for the Company.  The Committee shall also consider and assess the independence of directors, including consideration of independence requirements imposed by NASDAQ.
  3. Board Committee Nominations.  The Committee shall oversee the Board’s committee structure and operations, including authority to delegate to subcommittees and committee reporting to the Board.  The Committee, after due consideration of the interests, independence and experience of the individual directors and the independence and experience requirements of NASDAQ, the rules and regulations of the Securities and Exchange Commission and applicable law, shall recommend to the entire Board annually the chairmanship and membership of each committee.
  4. Outside Directorships. The Committee shall review directorships at other for-profit organizations offered to directors and senior officers of the Company.
  5. Continuing Education.  The Committee shall assist in developing and participate in a process for systematic review of important corporate governance issues and trends in corporate governance practices. The Committee shall also institute such plan or program as it may deem appropriate for the orientation of and continuing education of directors.
  6. Corporate Governance Principles.  The Committee shall develop a set of corporate governance principles to be applicable to the Company and shall periodically review and assess the Company’s corporate governance, and shall recommend any changes deemed appropriate to the Board for its consideration.  Further, the Committee shall periodically review Company policies to determine their adherence to the Company’s Code of Conduct and make recommendations to the Board and management for improvement as appropriate.
  7. Procedures for Information Dissemination.  The Committee shall periodically review the processes and procedures used by the Company to provide information to the Board and its committees and make recommendations to the Board and management for improvement as appropriate.  The Committee should consider, among other factors, the reporting channels through which the Board and its committees receive information and the level of access to outside advisors where necessary or appropriate, as well as the procedures for providing accurate, relevant and appropriately detailed information to the Board and its committees on a timely basis.
  8. Committee Self Assessment; Charter.  The Committee shall review, discuss and assess its own performance at least annually.  The Committee shall also periodically assess the adequacy of this charter and shall recommend any proposed changes to the Board for its consideration.
  9. General Authority.  The Committee shall perform such other functions and have such other powers as may be necessary or appropriate in the discharge of the foregoing.


PDF Download PDF   10.2 KB   Add to Briefcase

Committee Members

Chair Regina E. Dugan
Committee Member Janice M. Roberts
Committee Member Ellen F. Siminoff