MENU SEARCH COMMITTEE CHARTERS AUDIT COMMITTEE CHARTER COMPENSATION COMMITTEE CHARTER CORPORATE GOVERNANCE AND NOMINATING COMMITTEE CHARTER AUDIT COMMITTEE CHARTER Download Entire Audit Committee Charter Committee Membership Committee Purposes Committee Duties and Responsibilities Committee Structure and Operations Delegation to Subcommittee Performance Evaluation Resources and Authority of the Audit Committee COMMITTEE MEMBERSHIP The Audit Committee of Vornado Realty Trust (the "Trust") shall be comprised of at least three trustees, each of whom the Board has determined qualified as "independent" under the Corporate Governance Rules of The New York Stock Exchange, Inc. and Rule 10A-3 under the Securities Exchange Act of 1934, as amended. In addition, the Board shall determine that each member of the Audit Committee is "financially literate," and that one member of the Audit Committee has "accounting or related financial management expertise," as such qualifications are interpreted by the Board of Trustees in its business judgment, and whether any member of the Audit Committee is an "audit committee financial expert," as defined by the rules of the Securities and Exchange Commission (the "SEC"). If the Board has determined that a member of the Audit Committee is an audit committee financial expert, it may presume that such member has accounting or related financial management expertise. No trustee may serve as a member of the Audit Committee if such trustee serves on the audit committees of more than two other public companies unless the Board of Trustees determines that such simultaneous service would not impair the ability of such trustee to effectively serve on the Audit Committee, and discloses this determination in the Trust's annual proxy statement. Members shall be appointed by the Board based on nominations recommended by the Trust's Corporate Governance and Nominating Committee or otherwise by the full Board (including the members of the Corporate Governance and Nominating Committee), and shall serve at the pleasure of the Board and for such term or terms as the Board may determine. ABOUT US INVESTOR RELATIONS SUSTAINABILITY By continuing to use this website you are agreeing to our use of cookies as described in our Terms & Conditions and Privacy Policy. OK