Effective: October 23, 2000
MERRILL LYNCH & CO., INC.
PUBLIC POLICY AND RESPONSIBILITY COMMITTEE
BOARD OF DIRECTORS
To assist the Board of Directors and Senior Management in overseeing the Corporations fulfillment of its Principles of Respect for the Individual, Teamwork, Responsible Citizenship and Integrity by reviewing and, where appropriate, making recommendations about:
|The Corporations policies and actions as they relate to the above Principles
|The Corporations political and charitable contributions policies and practices
|The Corporations policies and actions as they relate to social and public policy issues that affect the Corporations
|throughout the world.
The Committee shall be composed of not fewer than three directors, none of whom shall be, or within one year of appointment, shall have been, employees of the Corporation. However, if a vacancy occurs, the Committee is authorized to continue to exercise its authority with fewer than three directors, but not less than two, until such time as the Board of Directors fills such vacancy. The Board of Directors may designate alternate members of the Committee. The Chair of the Committee shall be appointed by the Board of Directors.
To review and, where appropriate, make recommendations concerning:
|The Corporations policies and business activities in light of the Corporations Principles of Respect for the Individual, Teamwork, Responsible Citizenship and Integrity.
|The Corporations policies and actions as they relate to social and public policy issues.
|The Corporations business policies and practices relative to the Foreign Corrupt Practices Act and similar laws worldwide.
|The Corporations charitable contribution policies and practices in all areas.
|The Corporations political contribution policies and practices worldwide, including direct contributions by the Corporation and its subsidiaries, contributions by the Corporations political action committee and, where regulatory considerations apply, direct employee contributions.
Any matter relating to the foregoing which is referred to the Committee by the Board of Directors or any other committee thereof.