Cincinnati Bell 2015 Annual Report Download - page 18
Download and view the complete annual report
Please find page 18 of the 2015 Cincinnati Bell 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.-
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
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
 |
 |
Director Independence
In accordance with the rules and listing standards of the New York Stock Exchange (“NYSE”) and
the Company’s Corporate Governance Guidelines, the Board affirmatively evaluates and determines
the independence of each director and each nominee for election. Based on an analysis of information
supplied by the directors, the Board evaluates whether any director has any material relationship with
the Company, either directly or as a partner, shareholder or officer of an organization that has a
relationship with the Company that might cause a conflict of interest in the performance of a director’s
duties.
Based on these standards, the Board determined that each of the following persons who served
as a non-employee director in 2015 is (or was) independent and has (or had) no relationship with the
Company, except as a director and shareholder:
•Phillip R. Cox
•John W. Eck
•Jakki L. Haussler
•Craig F. Maier
•Russel P. Mayer
•Alan R. Schriber*
•Lynn A. Wentworth
•Martin J. Yudkovitz**
•John M. Zrno
* Mr. Schriber did not stand for re-election at last year’s annual meeting and his term ended April 30, 2015.
** Mr. Yudkovitz was appointed to the Board effective July 2, 2015.
In addition, based on these standards, the Board determined that Mr. Torbeck was not
independent because he served as the President and Chief Executive Officer of the Company in 2015.
The non-employee directors of the Company meet in executive session without management
present at each regularly scheduled meeting of the Board. Mr. Cox presides at the meetings of the
non-employee directors.
Committees of the Board
The Board has four committees: (i) Audit and Finance Committee, (ii) Compensation Committee,
(iii) Governance and Nominating Committee and (iv) Executive Committee. For information on how to
obtain a copy of each committee’s charter (other than the Executive Committee), please see page 69.
The directors serving on each Committee are appointed by the Board at least annually for terms
expiring at the next annual meeting of shareholders.
4