Dollar General 2010 Annual Report Download - page 23

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Proxy
Name of
Committee & Members Committee Functions
COMPENSATION: • Reviews and approves corporate goals and objectives relevant to the
Mr. Calbert, Chairman compensation of our chief executive officer
Mr. Agrawal • Determines the compensation of our officers and recommends the
Mr. Bryant compensation of our directors
Mr. Jones • Recommends, when appropriate, changes to our compensation
Mr. Rhodes philosophy and principles
• Oversees overall compensation and benefits programs
• Recommends any changes in our incentive compensation and equity-based
plans that are subject to Board approval
• Reviews and discusses with management, prior to the filing of the proxy
statement, the disclosure regarding executive compensation, including the
Compensation Discussion and Analysis and compensation tables (in
addition to preparing a report on executive compensation for the proxy
statement)
• Provides information to our Board that may be relevant to the annual
evaluation of the Board and its committees
• Evaluates and makes recommendations to our Board concerning
shareholder proposals relating to matters of which the committee has
expertise
• Periodically reviews and reassesses the committee’s charter
NOMINATING AND • Develops and recommends criteria for selecting new directors
CORPORATE • Screens and recommends to our Board individuals qualified to become
GOVERNANCE: members of our Board
Mr. Calbert, Chairman • Recommends the structure and membership of Board committees
Mr. Agrawal • Recommends persons to fill Board and committee vacancies
Mr. Jones • Develops and recommends Corporate Governance Guidelines
• Evaluates and makes recommendations concerning shareholder proposals
relating to matters of which the committee has expertise
• Periodically reviews and reassesses the committee’s charter
• Provides information to our Board that may be relevant to the annual
evaluation of performance and effectiveness of the Board and its
committees
Does Dollar General have an audit committee financial expert serving on its Audit Committee?
Yes. Our Board has designated Messrs. Rhodes and Rickard as audit committee financial experts
and has determined that each is independent as defined in NYSE listing standards and in our Corporate
Governance Guidelines. Audit committee financial experts have the same responsibilities as the other Audit
Committee members. They are not our auditors or accountants, do not perform ‘‘field work’’ and are not
employees. The SEC has determined that designation as an audit committee financial expert will not cause
a person to be deemed to be an ‘‘expert’’ for any purpose.
What is the Board’s role in risk oversight?
Our Board of Directors and its committees have an important role in our risk oversight process.
Our Board regularly reviews with management our financial and business strategies, which reviews include a
discussion of relevant material risks as appropriate. Our General Counsel also periodically reviews with the
Board our insurance coverage and programs as well as litigation risks.
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