The two companies accepted a proposal by the California pension fund that board committees on executive compensation be composed mainly of outside directors.

Many public funds have called for boards to be composed largely of independent directors, especially on such major functions as the audit committee.

Otherwise the remuneration committee should be composed of independent directors.

To aid Saatchi in its recovery effort, the company will form audit and finance committees, composed mostly of non-executive directors.

"Listed companies must have a nominating/corporate governance committee composed entirely of independent directors."

"The job is essentially done," he wrote, pointing to such steps as a separate chief executive and chairman and a new board composed of outside directors.

It was composed of actors, directors, playwrights and producers.

The committee was composed mostly of directors, actors, large student film groups and independent filmmakers.

The production team is composed of technical staff, writers, directors, crew and producers.

The report recommended that a majority of the board and its committees be composed of outside directors.