W. R. Grace & Co.
Corporate Responsibility Committee Charter
Purpose
The purpose of the Corporate Responsibility Committee is to assist the Company’s Board of Directors
and management in addressing the Company’s responsibilities as a global corporate citizen
(including its responsibilities to its various stakeholders, such as shareholders, customers,
employees and the communities in which the Company operates). Consistent with this function, the
Committee should take a proactive role in counseling and advising management with respect to:
- The development, implementation and continuous improvement of procedures, programs, policies and
practices relating to the Company’s responsibilities as a global corporate citizen.
- Adherence to those procedures, programs, policies and practices at all levels of the Company.
- Maintaining open communications to assure that issues are brought to the attention of and
considered by all appropriate parties.
The Committee should address the Company’s responsibilities in a wide range of areas, including
affirmative action, equal employment opportunity and diversity initiatives; corporate contributions
and community service programs; corporate training programs; environmental, health and safety matters
(including, but not limited to, compliance with governmental regulations); and political activities.
However, this list is not intended to be exhaustive; rather, the Committee should address topical and
other issues that may arise as the nature of the Company’s businesses and responsibilities changes over time.
Committee Membership
The Committee shall consist of no fewer than three members of the Board. All members of the Committee
shall meet the independence standards of the New York Stock Exchange, and any other applicable laws or
regulations. The Board shall appoint the members of the Committee, including the Committee chair.
The Committee may form and delegate authority to subcommittees when appropriate; a subcommittee may
consist of one or more members. The Board may remove Committee members with or without cause.
Responsibilities and Duties
The Committee is expected to carry out the following responsibilities and duties:
- Meet at least once per year, or more frequently as circumstances dictate.
- Review and reassess the adequacy of this Charter annually and recommend any proposed changes
to the Board for approval. The Committee shall annually review its own performance.
- In consultation with management and/or other Committees of the Board; (a) evaluate the Company’s
procedures, programs, policies and practices with respect to its responsibilities as a global
corporate citizen and (b) in appropriate circumstances, recommend the amendment of the foregoing
and/or the adoption of new procedures, programs, policies and/or practices.
- See that appropriate action is taken to assure compliance, and to correct noncompliance, with
the Company’s procedures, programs, policies and practices relating to its responsibilities as a
global corporate citizen.
- Review and make recommendations with respect to the Company’s political activities, including
political contributions, the Company’s positions with respect to pending legislative and other
initiatives, and political advocacy activities of the Company.
- Assist management and the Board in determining appropriate responses to, and in otherwise addressing,
proposals submitted by shareholders (pursuant to rules of the Securities and Exchange Commission) for
inclusion in the Company’s proxy statements and consideration at its shareholder meetings, to the extent
that such proposals relate to the Company’s responsibilities as a global corporate citizen.
- Review legal, regulatory and other matters relating to the Company’s responsibilities as a global
corporate citizen that may have a significant impact on the Company in any manner and make recommendations
with respect thereto. As part of these responsibilities, this Committee shall take steps to ensure that
reasonable and adequate systems are in place to ensure the Company’s compliance with governmental
regulations relating to environmental, health and safety matters.
- Report Committee actions to the Board with such recommendations as the Committee may deem appropriate.
- Conduct or authorize studies, reviews and/or inquiries into any matters within the scope
of the Committee’s responsibilities.
Approved by the Board of Directors
Date: January 20, 2011