ADT 2015 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2015 ADT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 183

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183

CORPORATE GOVERNANCE OF THE COMPANY—CONTINUED
Compensation
Committee
The Compensation Committee oversees the Company’s overall compensation structure,
policies and programs, including strategic compensation programs for our executive officers
that align the interests of our executive officers with those of our stockholders, and assesses
whether the Company’s compensation structure establishes appropriate incentives for
management and employees.
Primary Responsibilities
•proposing to our Board of Directors incentive compensation plans and equity-based
plans, including performance objectives and metrics associated with these plans, on an
annual basis for the CEO;
•reviewing annually the CEO’s performance and proposing to our independent directors
CEO compensation (including salary, bonus, equity-based grants and any other long-term
cash compensation);
•reviewing annually talent development and succession plans for executive officers other
than the CEO and making recommendations to our Board of Directors;
•administering the Company’s equity incentive plans, including the review and grant of
stock options and other equity incentive grants to executive officers;
•establishing, in collaboration with the Nominating and Governance Committee,
compensation for non-management directors;
•monitoring compliance by officers and directors with the Company’s stock ownership
guidelines;
•conducting an annual risk assessment of the Company’s compensation programs; and
•reviewing and approving employment, retirement, severance and change-in-control
agreements/arrangements for our executive officers.
For more information on the Compensation Committee, please see the Compensation
Discussion and Analysis in this Proxy Statement.
Independence
The Compensation Committee is comprised of directors who meet the independence
requirements, including the heightened independence criteria, set forth in the listing standards
of the NYSE, our Board Governance Principles and in accordance with the Compensation
Committee charter, are “non-employee directors” (within the meaning of Rule 16b-3 of the
Exchange Act) and “outside directors” (within the meaning of Section 162(m) of the Internal
Revenue Code (the “Code”)).
Report
The Report of the Compensation Committee is set forth on page 38 of this Proxy Statement.
Charter
The Compensation Committee charter is posted to our website at http://investors.adt.com. A
printed copy of the Compensation Committee charter is available to stockholders upon
written request to the Corporate Secretary at The ADT Corporation, 1501 Yamato Road,
Boca Raton, Florida 33431.
Met six times in FY 2015
Committee Members
Timothy Donahue (Chairman)
Richard Daly
Robert Dutkowsky
Independent Compensation Consultant
The Compensation Committee has engaged Farient Advisors LLC (“Farient”) as its independent external advisor. For more information on Farient,
please see page 34 of the Compensation Discussion and Analysis in this Proxy Statement.
The ADT Corporation 2016 Proxy Statement 9
PROXY STATEMENT