ADT 2005 Annual Report Download - page 28
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In connection with the 2004 Annual General Meeting, the Board recommended that shareholders
vote for a shareholder proposal on environmental reporting. The proposal, which was approved by
shareholders, requested that the Company report (at a reasonable cost and omitting proprietary
information) by October 31, 2005 on the following items: a description of the Company’s environmental
management system; an analysis of the Company’s toxic releases from major facilities; and plans for
reduction of toxins (particularly toxins that are persistent or bioaccumulative). The Company has
prepared the Tyco Environmental, Health and Safety 2005 Report and the report was approved by the
Board in September 2005. The report is available to the public on the Company’s website at
www.tyco.com under the heading ‘‘Our Commitment—Environment, Health & Safety.’’ We will also
provide a copy of the Environmental, Health and Safety 2005 Report to shareholders upon request.
Shareholder Rights
On March 24, 2004, shareholders approved the adoption of the Amended and Restated Bye-laws
of Tyco which provided additional shareholder protections, adopted standards closer to those provided
under the General Corporation Law of Delaware, and aligned provisions with prevailing public
company practice. As part of these new Bye-laws, shareholders approved a Bye-law provision that
requires the Board of Directors to obtain the affirmative vote of at least 662⁄3% of the shareholders
entitled to vote on the relevant record date in order to adopt a shareholder rights plan. As of the date
of this proxy, the Company does not have a shareholder rights plan, commonly referred to as a ‘‘poison
pill.’’
Policy on Director Loans
In accordance with the Sarbanes-Oxley Act and Company policy, the Company does not directly or
indirectly, including through any subsidiary, extend or maintain credit, arrange for the extension of
credit, or renew an extension of credit, in the form of a personal loan, for any director or executive
officer (or equivalent thereof).
10 2006 Proxy Statement