Equifax 2002 Annual Report Download - page 20

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BOARD OF DIRECTORS
Thomas F. Chapman
Chairman of the Board and
Chief Executive Officer
Equifax Inc., 1994
Lee A. Ault III
Chairman of the Board
In-Q-Tel, Inc., 1991
L. Phillip Humann
Chairman, President and
Chief Executive Officer
SunTrust Banks, Inc., 1992
Larry L. Prince
Chairman and
Chief Executive Officer
Genuine Parts Company, 1988
Chairman of Compensation and
Human Resources Committee
CORPORATE GOVERNANCE
Consistent with our long-standing commitment to good cor-
porate governance, we have reviewed our internal processes
to ensure that we maintain the best practices in this area.
We are pleased to report that most of our practices were
already very close to the new standards enacted by the
Sarbanes-Oxley Act and proposed by the New York Stock
Exchange (NYSE). We have made some adjustments to our
board and committee structure, not just to comply with the
law, but to ensure that we incorporate policies and prac-
tices that will enable us to operate most effectively and
efficiently. We elected a Lead Director who, among other
duties, chairs our newly established Governance Committee,
which is comprised of all of our non-employee directors.
Additionally, as we have always believed in good communi-
cations with our shareholders and the investing public, we
have made available on our corporate Website the board’s
Mission Statement and Governance Guidelines, the charters
of each of the key board committees, and our code of business
conduct and ethics.
We continue to closely monitor the Securities and Exchange
Commission’s (SEC) ongoing rule-making processes relating
to additional Sarbanes-Oxley provisions and the proposed
NYSE listing standards. As these proposals become final
rules, we will take whatever steps are necessary to keep
us in compliance in an efficient manner.
COMPENSATION AND HUMAN RESOURCES COMMITTEE
GOVERNANCE COMMITTEE
John L. Clendenin
Retired Chairman
BellSouth Corporation, 1982
Lead Director of the
Equifax Board and Chairman
of Governance Committee
16