Governance / Nominating Committee Charter

Purpose

This charter (the "Charter") governs the operations of the Governance/Nominating Committee (the "Committee") of the Board of Directors (the “Board”) of LiveRamp Holdings, Inc. (the "Company"). As part of the Company’s governance and oversight process, the Committee has been appointed by the Board to assist with the development and implementation of the Company's Corporate Governance Principles, to determine the composition of Board committees, to monitor a process to assess Board effectiveness, to assist the Board in identifying potential Board candidates, and to recommend nominees for director to the Board for each annual meeting of shareholders.

Organization

The Committee shall be comprised of at least three directors. All members of the Committee shall meet the independence requirements of and satisfy any other criteria imposed on members of the Committee pursuant to the federal securities laws and the rules and regulations of the Securities and Exchange Commission (the “SEC”) and the New York Stock Exchange (the “NYSE”).

The Committee shall be subject to the provisions of the Company’s Bylaws relating to committees of the Board, including those provisions relating to removing committee members and filling vacancies. The Committee may form and delegate authority to subcommittees when appropriate, and when such delegation would not violate applicable law, regulation or NYSE.

Responsibilities / Scope of Authority

The members of the Committee shall exercise their business judgment to act in what they reasonably believe to be in the best interests of the Company and its shareholders.

A. Governance

In discharging its appointment from the Board, the Committee will:

  1. Annually review the Company’s Corporate Governance Principles and recommend changes, if any, to the Board for adoption.
  2. Annually review the CEO’s succession plan and make recommendations to the Board regarding the plan.
  3. Annually review the composition of the Board to determine whether there are areas of expertise, background or perspective which need to be addressed for the Board to better exercise its governance and advisory responsibilities for the benefit of the Company and its shareholders.
  4. Annually review the Board's committee and leadership structure and recommend committee slates, committee chairs, and the Board chair to the Board for its approval, and recommend additional committee members to fill vacancies as needed.
  5. Annually review and make recommendations to the Board with respect to the compensation of directors, including equity-based compensation.
  6. Annually develop and recommend to the Board for its approval a self-evaluation process for the Board as a whole, the committees of the Board, and the individual board members. The Committee shall oversee the annual self-evaluation process.
  7. Annually oversee the evaluation of the management of the Company and report such evaluation to the Board.
  8. Periodically review the adequacy of the Company’s ethics compliance programs, director orientation programs, and director continuing education programs.
  9. Review and approve or disapprove any related-party transactions between the Company and any officer, director or affiliate of the Company that would be required under SEC rules and regulations to be disclosed in the Company’s annual proxy statement. No related-party transaction will be approved unless it is deemed to be commercially reasonable and in the best interests of or not inconsistent with the best interests of the Company. All approved related-party transactions shall be promptly reported to the Audit/Finance Committee of the Board.
  10. Oversee the management of the Company’s risks related to governance and executive succession planning.
  11. Review and discuss with management disclosure of the Company's corporate governance practices, including information regarding the operations of the Committee and other Board committees, director independence and the director nominations process, and to recommend that this disclosure be, included in the Company's proxy statement or annual report on Form 10-K, as applicable.

B. Nominating

The entire Board shall be responsible for nominating candidates for election to the Board and for filling any vacancies on the Board that may occur between annual meetings of shareholders. The Committee shall be responsible for screening and recommending qualified candidates to the Board for membership upon the occurrence of a vacancy or for newly created positions on the Board and shall annually recommend to the Board the director nominees to be submitted for election at each annual meeting of shareholders. When formulating its membership recommendations, the Committee shall also consider (i) any advice and recommendations offered by the CEO or the shareholders of the Company pursuant to the procedures set forth in the Company's Corporate Governance Principles, (ii) the areas of expertise, background and perspective of each Board member; and (iii) the candidates’ service on boards and committees of other companies.

Nominees for director shall meet the qualifications set forth in the Company’s Corporate Governance Principles. They shall be selected on the basis of broad experience, wisdom, integrity, ability to make independent analytical inquiries, understanding of the Company's business environment, and willingness to devote adequate time to Board duties. The Committee shall be responsible for assessing the appropriate balance of skills and characteristics required of Board members. The Committee, together with the full Board, shall use reasonable efforts to attract a diversified membership and shall ensure timely compliance with all applicable SEC and NYSE rules related to corporate governance matters.

In connection with each director nomination recommendation, the Committee shall consider the issue of continuing director tenure and take steps as may be appropriate to ensure that the Board maintains an openness to new ideas and a willingness to critically examine the status quo.

C. Other

The Committee will annually review and assess the adequacy of this Charter and will recommend any proposed changes to the Board for approval.

The Committee will annually review its own performance.

The Committee will undertake all further actions and discharge all further responsibilities imposed upon it from time to time by the Board, the federal securities laws, and the rules and regulations of the SEC and NYSE.

In carrying out its responsibilities, the Committee may draw on the expertise of management and the corporate staff and, when appropriate, may hire outside legal, accounting or other experts or advisors to assist the Committee with its work. In particular, the Committee shall have the authority to retain search firms and background investigation firms to be used to identify and screen potential director candidates, and the Committee shall have the authority to approve such firms’ fees and other retention terms.

Meetings

The Committee will meet at least once a year or on a more frequent basis as necessary to carry out its responsibilities. The chairperson (or acting chair) may direct appropriate members of management and the corporate staff to prepare agendas and related background information for each Committee meeting. Any background materials, together with the agenda, will be distributed to the Committee members in advance of the meeting. Following each Committee meeting, minutes shall be kept of each meeting of the Committee, and a report of the Committee’s activities and its recommendations shall be presented at the next regularly scheduled meeting of the Board.

A majority of the total number of Committee members shall constitute a quorum of the Committee. If a quorum is present, a majority of the members of the Committee present shall be empowered to act on behalf of the Committee.