Bed, Bath and Beyond 2015 Annual Report Download - page 12

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PROXY STATEMENT SUMMARY
Corporate Governance Highlights
– Extensive Shareholder Engagement
– Majority Independent Board
– Separate Chair and CEO
– Lead Independent Director
– Independent Committee Members
– >75% Board and Committee Attendance in 2015
– Annual Election of All Directors
– Majority Voting for Uncontested Director Elections
– Executive Sessions for Independent Directors
– No Hedging with Respect to Company Securities
– Restrictions on Pledging Company Securities
– No Poison Pill
– Ownership Guidelines for CEO and Independent
Directors
– Compensation “Clawback” Policy
– Strong Pay-For-Performance Philosophy
– Comprehensive Policy of Ethical Standards for Business
Conduct
– Annual Board Evaluations
Fiscal 2015 Business Highlights
Our Strategy
The retail environment continues to change dramatically as advancing technologies transform the way consumers shop for
merchandise both online and in-store. The evolution of omnichannel retailing presents a great opportunity to provide a more
seamless and personalized shopping experience for customers.
Over the past few years, Bed Bath & Beyond has driven change throughout our organization to capitalize on advancing
technologies and to strengthen our business as a world-class omnichannel retailer. We have made tremendous progress in
the transformation of our Company to better serve our customers in an ever-evolving digital world. At the same time, our
strategy remains rooted in our customer-centric culture and commitment to customer service, supported by significant
investments to strengthen our foundation for future growth:
• To do more for and with our customers wherever, whenever and however they wish to interact with us;
• To provide our customers a seamless experience whether they interact with us in a store, through one of our contact
centers, on a desktop or tablet, smartphone or through social media;
• To be viewed as the expert for the home, including the accompanying life stages that make a house a home, and to
become the destination for our customers’ needs and wants as they express their life interests and travel through their
life stages; all through the expanding and differentiated products, services and solutions we offer; and
• To enhance our ability to achieve these objectives through an ongoing commitment to world class information
technology, comprehensive analytics and targeted marketing and communications.
Our Performance
During fiscal 2015, Bed Bath & Beyond made steady progress on our strategic initiatives, including significant investments in
our people, technology, physical and digital channels and supply chain, to further strengthen our foundation for future growth.
Select operational highlights:
• Continued to expand, differentiate and improve our merchandise and related services and solutions.
• Developed enhanced analytics capabilities, including sophisticated, predictive modeling to drive more personalized
targeted marketing.
• Introduced new services and experiences such as online appointment scheduling for registry and a new virtual coupon
wallet called My Offers, which organizes and stores print and digital coupons so customers can access and redeem
them conveniently online or in-store.
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