Document:

THE COMPANY'S AUDIT COMMITTEE COMPLAINT PROCEDURES

 Exhibit 10.15 
  
 CAMDEN NATIONAL CORPORATION 
  

Audit Committee Complaint Procedures 
  
 This policy outlines the procedures that the Audit Committee of the Board of Directors of Camden National Corporation (together with its subsidiaries, the
“Company”) has established with respect to the receipt, treatment and retention of complaints received by the Company regarding accounting, internal accounting controls or auditing matters, including the confidential, anonymous
submission by employees of concerns regarding questionable accounting or auditing matters (collectively, “Complaints”). 
  
 Business Ethics Officer 
  
 Our Business Ethics Officer (BEO) is Joanne Campbell, based at our corporate offices in Rockport, Maine. The BEO will report directly to the Audit Committee with respect
to all matters concerning this Policy. 
  
 I. Procedures for
Receiving Complaints 
  
 Complaints may be submitted to the
Company as follows: 
  

	 	•	The complaining party may place a phone call to the BEO at (207) 236-9064 the “Employee Reporting Line” for receipt of Complaints, which will be manned during regular
business hours by the BEO as designated by the Audit Committee. During this phone call, the complaining party should identify the subject of his or her Complaint and the practices that are alleged to constitute an improper accounting, internal
accounting control or auditing matter, providing as much detail as possible; and/or 

  

	 	•	The complaining party may submit a confidential memorandum to the BEO at a designated and secure drop box located in the Employee Lounge of the Camden National Corporation Service
Center, Rockport, which identifies the subject of his or her Complaint and the practices that are alleged to constitute an improper accounting, internal accounting control or auditing matter, providing as much detail as possible.

  
 All Company employees will be instructed through
postings and the Company’s Code of Business Conduct and Ethics that any and all Complaints may be made anonymously and in a confidential manner in accordance with the procedures set forth above. Employees will also be notified that, if they do
not feel comfortable submitting a Complaint in accordance with these procedures or if they feel that a previously submitted Complaint was not adequately addressed, they may contact Richard Simoneau, the Chairman of the Audit Committee directly by
telephone at (207) 354-8854. The Company will provide notice on a current basis through postings, the Company’s Code of Business Conduct and Ethics and/or such other manner as determined by the Audit Committee of the names and phone numbers of
the designated recipients through which Complaints may be submitted.  
  
 Any Complaint received by the BEO in accordance with the procedures set forth above will be forwarded in a confidential manner to the Chairman of the Audit Committee as soon as reasonably practicable following receipt
of such Complaint. In addition, management will be informed that any Complaint received outside of these procedures should likewise be forwarded in a confidential manner to the BEO for screening and delivery to the Audit Chairman or Committee, as
appropriate, as soon as reasonably practicable following receipt of such Complaint. 
  
 To ensure that the BEO is not inadvertently or improperly screening out Complaints that should be viewed by the Audit Committee, the BEO will be charged with preparing and submitting to the Audit Committee at each
regularly scheduled meeting of the Audit Committee on a quarterly basis, a report detailing the time, date, nature and disposition of each complaint received by the BEO since the date of the prior report. The report will be reviewed by the Audit
Committee at its next regularly-scheduled meeting. 

 II. Procedures for Treating Complaints 
  
 Following receipt of a Complaint, the Chairman of the Audit Committee will
promptly begin to conduct an initial evaluation of the Complaint. The Chairman may delegate this authority to another member of the Audit Committee. In connection with the initial evaluation, the Chairman or his or her designee will make a
determination of: 
  

	 	•	whether the Complaint requires immediate investigation; 

  

	 	•	whether it can be held for discussion at the next regularly-scheduled meeting of the Audit Committee or whether a special meeting of the Audit Committee should be called; or

  

	 	•	whether it does not relate to accounting, internal accounting controls or auditing matters and should be reviewed by a party other than the Audit Committee in accordance with the
Company’s Code of Business Conduct and Ethics or other policies. 

  
 In any event, each Complaint will be discussed at the next meeting of the Audit Committee. At that meeting, the Audit Committee will make a determination as to how such Complaint will be investigated, or if the
investigation has commenced, how to proceed with such investigation. The Audit Committee may elect among the following options or may investigate the Complaint in another manner determined by the Audit Committee: 
  

	 	•	The Audit Committee may choose to investigate the Complaint on its own. 

  

	 	•	The Audit Committee may select a responsible designee within the Company (e.g., the director of the Company’s internal audit group) to investigate the Complaint. Under no
circumstances should a member of the division of the Company that is the source of the Complaint be charged with its investigation. In addition, if the Complaint was not made on an anonymous basis, the Audit Committee will determine whether it is
appropriate to provide the designee with the identity of the complaining party. 

  

	 	•	The Audit Committee may retain an outside party (other than the Company’s independent auditor) to investigate the Complaint and assist in the Complaint’s evaluation.

  

	 	•	The Audit Committee may retain outside counsel to initiate an investigation and work either with internal parties or an outside financial/forensic auditing company to assist in such
investigation. 

  
 The investigating party
designated by the Audit Committee will be permitted reasonable access to the Company and its documents and computer systems for purposes of conducting the investigation. At the conclusion of its investigation, the investigating party will be
responsible for making a full report to the Audit Committee with respect to the Complaint and, if requested by the Audit Committee, to make recommendations for corrective actions, if any, to be taken by the Company. 
  
 The Audit Committee will consider, if applicable, the recommendations of the
investigating party and determine whether any corrective actions should be taken. The Audit Committee will report to the Board of Directors not later than its next regularly-scheduled meeting with respect to the Complaint for which such
investigation has been completed and, if applicable, any recommended corrective actions. In the event that the Complaint involves any Director of the Company (whether in his or her role as a director, employee or officer of the Company or
otherwise), the Audit Committee will make its report in an Executive Session of the Board of Directors (exclusive of any Director involved in such Complaint). 
  

III. Procedures for Retaining Records Regarding Complaints 
  
 The Audit Committee will seek to ensure that all Complaints received by the Audit Committee, together with 

 all documents pertaining to the Audit Committee’s or its designee’s investigation and treatment of any such
Complaint, are retained in a secure location in accordance with the Company’s record retention policy. If a Complaint becomes the subject of a criminal investigation or civil litigation, all documents related to that Complaint will be retained
until such investigation or litigation is resolved, including all appeals. The Audit Committee may delegate this record retention obligation to an independent advisor or entity or the BEO. 
  
 IV. Protection for Whistleblowers 
  
 At no time will there be any retaliation by the Company or at its direction
against any employee for making a good faith complaint pursuant to the procedures described herein regarding accounting, internal accounting controls, auditing matters or any other matter to include matters under the Code of Business Conduct and
Ethics. 
  
 V. Disciplinary Action 
  
 Nothing in these procedures shall limit the Company or the Board of
Directors or a committee or designee thereof in taking such disciplinary or other action under the Company’s Code of Business Conduct and Ethics or other applicable policies of the Company as may be appropriate with respect to any matter that
is the subject of a Complaint. 
  
 VI. Periodic Review of
Procedures 
  
 The Audit Committee will review the procedures
outlined above and consider changes to such procedures on an annual basis. 
  
 ADOPTED: February 24, 2004THE COMPANY'S CORPORATE GOVERNANCE COMMITTEE CHARTER

 Exhibit 10.16 
  
 CAMDEN NATIONAL CORPORATION 
  

Corporate Governance Committee 
  
 Charter 
  
 The Corporate Governance Committee shall be responsible for the selection for nomination of all new board members and in so doing, establish the criteria
for selection. The committee shall establish the tenure of board members and the retirement policy. It shall review the board’s effectiveness, nominate committee chairs, nominate officers for the year following the annual meeting and shall make
recommendations for amendments to the Articles of Incorporation or Bylaws. 
  
 Membership 
  
 Membership of the committee shall consist of at least three directors, all whom shall be independent as defined by the rules of the American Stock Exchange. The chairman of the committee shall be the chairman of the board of
directors unless he is not an independent director. A committee member shall abstain in participating in or voting for his or her nomination for office or re-nomination as a director. 
  
 Duties 
  
 The specific duties of the Corporate Governance Committee shall be as follows: 
  
 1. Establish Criteria for Membership – The committee shall establish the overall profile for the board’s
composition, with a view to providing for particular strengths such as technical skills, career experience and diversity (See Exhibit A for current profile). In so doing, the committee shall also make recommendations to the full board for the number
of directors constituting the full board for the holding company and all subsidiary boards. 
  
 2. Candidate Selection – The committee’s core role shall be to conduct a search for desirable candidates; screen potential candidates; review nominations made by shareholders; and recommend to the full board
the individual or individuals to fill board vacancies. While the CEO can be expected to participate in the selection process by making recommendations concerning possible nominees and meeting with candidates who are “finalists,” the
committee members are expected to play the primary role and act independently in the final decision. 
  
 3. Directorship Invitation – The invitation to join the board shall be extended by the committee through its chairperson after approval of the
candidate by the board of directors. 
  
 4. Tenure and Performance
– The nominee slate (typically recommending the re-election of incumbent directors) shall be submitted to the shareholders annually. While directors are traditionally continued in office, tenure shall not be assured and the committee should
evaluate the performance and availability of each director before re-nominating the director for continued membership. Performance of the director should be measured in terms of attendance and participation at Board and committee meetings. A
candidate’s career responsibilities or health should not interfere with boardroom involvement as a general rule. 
  
 5. Retirement Policy – The current policy of the corporation is for directors to retire at age 70. It shall be the responsibility of the Corporate
Governance Committee to review this policy from time to time and make recommended changes to the full board if the committee sees fit. 
  
 6. Committee Structure – In addition to the Corporate Governance Committee, there shall be an Audit Committee and a Compensation Committee. In
addition, the Corporate Governance Committee may recommend to the full board such additional committees as it thinks desirable and it shall establish the responsibilities of each committee annually, naming the chairman thereof. 

 7. Board and Committee Effectiveness – From time to time, the committee shall evaluate the
effectiveness of the meetings of the full board and in so doing consider the agenda and the allocation of time to the various topics considered. It shall also consider the amount of time devoted to reviews of recent performance, financial and other,
how much time should be spent on current issues and what time shall be allocated to forward looking matters and in what order these issues should be considered. The committee shall also solicit from the full board an annual performance evaluation of
the committee’s effectiveness. 
  
 8. Management Succession
– The Corporate Governance Committee in concert with the CEO shall establish a management succession plan to provide for the orderly succession of the CEO at the time of his or her retirement and also in the event of death or disability.

  
 9. Officers for Ensuing Year – The committee shall
nominate the various officers for the ensuing year following the annual meeting. 
  
 10. Changes to Articles of Incorporation and Bylaws – The Governance Committee shall periodically review the Articles of Incorporation and Bylaws of the corporation to ascertain that they are currently in
compliance with existing law and shall make recommended changes from time to time as developments warrant.

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