Allstate 2012 Annual Report Download - page 46

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compensation meets specific standards. We may deduct Compensation Committee Report
more than $1 million in compensation if the standards are The Compensation and Succession Committee has
met, including that the compensation is performance- reviewed and discussed the Compensation Discussion and
based and paid under a plan that meets certain Analysis, contained on pages 23 through 35 of this proxy
requirements. The Committee considers the impact of this statement, with management and, based on such review
rule in developing, implementing, and administering our and discussions, the Committee recommended to the
compensation programs. However, this consideration must Board that the Compensation Discussion and Analysis be
be balanced with our primary goal of structuring included in this proxy statement.
compensation programs to attract, motivate, and retain
highly talented executives. THE COMPENSATION AND SUCCESSION COMMITTEE
Our compensation programs are designed and W. James Farrell (Chairman)
administered so that payments to affected executives can Robert D. Beyer Ronald T. LeMay
be fully deductible. However, in light of the balance Jack M. Greenberg Andrea Redmond
mentioned above and the need to maintain flexibility in Joshua I. Smith
administering compensation programs, we may authorize
compensation in any year that exceeds $1 million and
does not meet the required standards for deductibility.
The amount of compensation paid in 2011 that was not
deductible for tax purposes was $981,575.
35
Executive Compensation
| The Allstate Corporation
PROXY STATEMENT