Corporate Governance Guidelines-PSEG

The Corporate Governance Principles of Public Service Enterprise Group Incorporated (?Enterprise? or ?PSEG?) provide guidelines within which directors and management can effectively pursue PSEG's business objectives as a diversified energy services company in the global markets. These principles will be reviewed periodically by the Corporate Governance Committee, which will recommend appropriate changes to the Board of Directors (?Board?). The directors of PSEG are elected by the stockholders to provide direction and oversight to the conduct of PSEG?s business by management. Each committee periodically assesses its role and modifies it as required to meet current business needs and legal requirements. The Chairman of the Board establishes the preliminary agenda for each meeting of the Board and its committees. The members of the Board and its committees receive these preliminary agendas and associated materials in advance of the Board and committee meetings and are requested to provide any additional agenda items. The Chairman of the Board may invite members of senior management to regularly attend Board or committee meetings or portions thereof for purposes of reporting and/or participating in discussions. The Board will also meet periodically on a regularly scheduled basis at least twice each year in executive session without management in attendance. In such cases, the Board designates a non-management director to chair the meeting.

Provided by: Public Service Enterprise Group Topic: Software Date Added: Jan 2003 Format: HTML

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