Common use of RELATIONSHIP WITH BOARD Clause in Contracts

RELATIONSHIP WITH BOARD. The Audit Committee will have the responsibility to make recommendations to the Board on the audited financial statements, to present a summary of any independent audit issues, and present a summary of any material internal audit issues or any special investigations. Approval of the Board of Directors is required for any changes to the Audit Committee Charter and for expenditures for special investigation utilizing services outside of the independent auditors. Part B of Exhibit 12. JOHNSONDIVERSEY HOLDINGS, INC. CHARTER FOR THE COMPENSATION AND MANAGEMENT SUCCESSION COMMITTEE OF THE BOARD OF DIRECTORS Committee Membership: Independent Directors elected by the Board of Directors of JohnsonDiversey Holdings, Inc. and one Unilever Director (as defined in the Stockholders’ Agreement dated May 3, 2002, between Xxxxxxx Professional Holdings, Inc. and its stockholders)