Bed, Bath and Beyond 2014 Annual Report Download - page 50

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from June 1, 2014 through June 1, 2015, at a total cost of approximately $261,000. The primary carrier is Arch Insurance
Company. Although no assurances can be provided, the Company intends to obtain similar coverage from June 1, 2015
through June 1, 2016.
Management regularly reports to the Board of Directors with respect to compliance and risk management matters through a
formal risk management process and committee. The committee, which consists of a number of key executives, meets with
executives of each principal business function to identify and assess the significant risks in each such business function’s areas
of responsibility, then analyzes what risk mitigation efforts are or should be in place to eliminate or minimize such risks to
acceptable levels.
BED BATH & BEYOND PROXY STATEMENT
48