But interestingly both Mr. Gore and Mr. Quayle sit on the compensation committee and the corporate governance and nominating committee of their respective boards.

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He is chairman of the board's management development and compensation committee and also sits on the board's corporate governance committee and its finance committee, which oversees policies for managing credit and risk exposure at the firm.

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Critics of executive compensation should be content with corporate compensation decisions if they're made by an effectively functioning, fully informed, truly independent and completely transparent compensation committee.

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