; (B) has a substantially equivalent source of authority with respect to authorizing provisions in the article of incorporation or bylaws of the employer as the compensation committee of the board of directors or an equivalent committee of the board of directors; and (C) may be the compensation committee of the board of directors or an equivalent committee of the board of directors, if such committee meets the requirements of this paragraph. 4. Requirements for employee involvement organizations at large employers (a) In general This section shall apply to each employee involvement organization for a large employer and employees of the large employer. (b) Establishment of an employee involvement organization for large employers (1) Certification A large employer shall certify each employee involvement organization for the large employer on the date of formation of such employee involvement organization. (2) Procedures (A) In general An employee involvement organization established under paragraph (1) shall have reasonable procedures regarding— (i) how an employee may join or leave such employee involvement organization; and (ii) dissolution of the employee involvement organization. (B) Dissolution for cause (i) In general In the case of an employee involvement organization that has been certified under paragraph (1) for not less than 5 consecutive years, a large employer may only dissolve such employee involvement organization with cause. (ii) Cause For purposes of clause (i), the term cause means a reasonable business purpose for dissolution, as determined by— (I) the independent business judgment of the board of directors of the business of the large employer