Dollar General 2015 Annual Report Download - page 23

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Proxy
CORPORATE GOVERNANCE
Does the Board of Directors have standing Audit, Compensation and Nominating Committees?
Yes. Our Board of Directors has a standing Audit Committee, Compensation Committee and
Nominating Committee. The Board has adopted a written charter for each of these committees, which
are available on the ‘‘Investor Information—Corporate Governance’’ section of our website located at
www.dollargeneral.com. Current information regarding each of these committees is set forth below.
Name of
Committee & Members Committee Functions
AUDIT: • Selects the independent auditor
Mr. Rickard, Chairman • Discusses with management the qualifications and experience of the
Mr. Bryant lead audit partner candidate(s) (the committee’s Chairman also
Ms. Cochran interviews the lead director candidate(s))
Ms. Price • Pre-approves the independent auditor’s audit engagement fees and
terms and all permitted non-audit services and fees
• Reviews an annual report describing the independent auditor’s internal
quality control procedures and any material issues raised by its most
recent review of internal quality controls
• Annually evaluates the independent auditor’s qualifications,
performance and independence, annually evaluates the lead audit
partner, and periodically considers whether there should be a regular
rotation of such firm
• Discusses the audit scope and any audit problems or difficulties
• Sets policies regarding the hiring of current and former employees of
the independent auditor
• Discusses the annual audited and quarterly unaudited financial
statements with management and the independent auditor
• Discusses types of information to be disclosed in earnings press
releases and provided to analysts and rating agencies
• Discusses policies governing the process by which risk assessment and
risk management are to be undertaken
• Reviews CEO/CFO disclosures regarding any significant deficiencies or
material weaknesses in our internal control over financial reporting
• Reviews internal audit activities, projects and budget
• Establishes procedures for receipt, retention and treatment of
complaints we receive regarding accounting or internal controls
• Discusses with our general counsel legal matters having an impact on
financial statements
• Performs an annual self-evaluation
• Furnishes the committee report required in our proxy statement
• Evaluates and makes recommendations concerning shareholder
proposals relating to matters within the committee’s expertise
• Periodically reviews and reassesses the committee’s charter
11