Best Buy 2007 Annual Report Download - page 112

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97
PART III
PART III
Item 10. Directors, Executive Officers and
Corporate Governance.
Directors
The information provided under the caption “Nominees and
Directors” in the Proxy Statement is incorporated herein by
reference.
Executive Officers
Information regarding our Executive Officers is furnished in
a separate item captioned “Executive Officers of the
Registrant” included in Part I of this Annual Report on
Form 10-K.
Family Relationships
The nature of all family relationships between any director,
executive officer or person nominated to become a director
is stated under the captions “Nominees and Directors” and
“Certain Relationships and Related Party Transactions” in
the Proxy Statement and is incorporated herein by
reference.
Audit Committee Financial Expert and
Identification of the Audit Committee
The information provided under the caption “Audit
Committee Report” in the Proxy Statement, regarding the
Audit Committee financial expert and the identification of
the Audit Committee members, is incorporated herein by
reference.
Director Nomination Process
The information provided under the caption “Director
Nomination Process” in the Proxy Statement is incorporated
herein by reference. There have been no material changes
to the procedures by which shareholders may recommend
nominees to our Board.
Compliance with Section 16(a) of the
Exchange Act
The information provided under the caption
“Section 16(a) Beneficial Ownership Reporting
Compliance” in the Proxy Statement is incorporated herein
by reference.
Code of Ethics
In February 2004, our Board adopted our Code of Business
Ethics that applies to our directors and all of our
employees, including our Chief Executive Officer, our Chief
Financial Officer and our Chief Accounting Officer. Our
Code of Business Ethics is available on our Web site,
www.BestBuy.com — select the “For Our Investors” link and
then the “Corporate Governance” link.
A copy of our Code of Business Ethics may also be
obtained, without charge, upon written request to:
Best Buy Co., Inc.
Investor Relations Department
7601 Penn Avenue South
Richfield, MN 55423-3645
We intend to satisfy the disclosure requirement under Item
5.05 of Form 8-K regarding an amendment to, or a waiver
from, a provision of our Code of Business Ethics that
applies to our Chief Executive Officer, Chief Financial
Officer or Chief Accounting Officer by posting such
information within two business days of any such
amendment or waiver on our Web site,
www.BestBuy.com — select the “For Our Investors” link and
then the “Corporate Governance” link.
Item 11.Executive Compensation.
The information set forth under the caption “Executive
Compensation” in the Proxy Statement is incorporated
herein by reference.
Item 12.Security Ownership of Certain Beneficial
Owners and Management and Related
Stockholder Matters.
Securities Authorized for Issuance Under Equity
Compensation Plans
Information regarding securities authorized for issuance
under equity compensation plans is furnished as a separate
item captioned “Securities Authorized for Issuance Under
Equity Compensation Plans” included in Part II of this
Annual Report on Form 10-K.
Security OwnershipofCertainBeneficial Owners
and Management
The information provided under the caption “Security
Ownership of Certain Beneficial Owners and Management”
in the Proxy Statement is incorporated herein by reference.