The Audit Committee is established by and amongst the Board of Directors (the "Board") for the primary purpose of assisting and acting on behalf of the Board in overseeing all material aspects of MPower Holding Corporation's (the "Company's") reporting, control and audit functions
The Committee is appointed by the Board of Directors to assist the Board in fulfilling its responsibilities relating to (i) identification of individuals qualified to become Board members and recommendation of director nominees to the Board of Directors prior to each annual meeting of shareholders; and (ii) recommendation of nominees for any committee of the Board.
