Lead Independent Director Charter


Summary

This lead independent director charter template may be used in connection with the appointment of a lead or presiding director of the board that already has a combined Chairperson/CEO or an acting Chairperson. The document sets forth the method of appointment and removal, and the term, compensation and responsibilities of a Lead Independent Director. This template includes practical guidance and drafting notes. For a full listing of related proxy statement and annual meeting content, see Proxy Statement and Annual Meeting Resource Kit. For information on practical considerations surrounding finding, appointing and defining the responsibilities of an effective board leader, see Board Leadership Replacement: Process and Practical Concerns, and CEOs, Chairs and Lead Directors: Who Leads the Board?