Eli Lilly 2009 Annual Report Download - page 113

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Committee membership and selection of committee chairs are recommended to the board by the directors
and corporate governance committee after consulting the chairman of the board and after considering the
backgrounds, skills, and desires of the board members. The board has no set policy for rotation of committee
members or chairs but annually reviews committee memberships and chair positions, seeking the best blend of
continuity and fresh perspectives on the committees.
Functioning of Committees
Each committee reviews and approves its own charter annually, and the directors and corporate governance
committee reviews and approves all committee charters annually. The chair of each committee determines the
frequency and agenda of committee meetings. In addition, the audit, compensation, and public policy and
compliance committees meet alone in executive session on a regular basis; all other committees meet in
executive session as needed.
All six committee charters are available online at http://investor.lilly.com/governance.cfm.
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