Johnson and Johnson 2009 Annual Report Download - page 25

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First Row

Chairman, Board of Directors
and Chief Executive Ocer
Second Row, Left to Right

President, University of Michigan

Retired President and Chief
Operating Ocer, Bell Atlantic
Corporation
Third Row, Left to Right

Chancellor, Emory University

Retired Chairman and
Chief Executive Ocer,
Kellogg Company
Fourth Row, Left to Right

Member and Former Director,
Whitehead Institute for
Biomedical Research; Professor
of Biology, Massachusetts
Institute of Technology

Chairman and Retired
Chief Executive Ocer,
Xerox Corporation
Fifth Row, Left to Right

Retired Chairman and
Chief Executive Ocer,
Delta Air Lines, Inc.

Senior Advisor, Greenhill & Co.,
Inc.; Retired President and
Chief Executive Ocer,
Wm. Wrigley Jr. Company
Sixth Row, Left to Right

Chairman, Sconset Group, LLC;
Senior Counselor, Albright
Stonebridge Group; Retired
Chairman and Chief Executive
Ocer, Citigroup Inc.

Director, Center of Excellence
on Health Disparities,
Director, Satcher Health
Leadership Institute and
Poussaint-Satcher-Cosby Chair
in Mental Health, Morehouse
School of Medicine; Former
U.S. Surgeon General
Board of
Directors
 


The Audit Committee,
comprised entirely of
independent Directors,
helps the Board oversee the
Company’s accounting and
reporting practices. It recom-
mends independent public
accountants for appointment
by the Board and reviews
their performance; monitors
the adequacy of internal
accounting practices,
procedures and controls; and
reviews all significant changes
in accounting policies.
James G. Cullen, Chairman
Mary Sue Coleman, Ph.D.
Leo F. Mullin

The Compensation & Benefits
Committee, comprised
entirely of independent
Directors, establishes the
Company’s executive
compensation philosophy and
principles and approves the
annual compensation and
long-term incentives for the
Company’s directors and
executive ocers. The
Committee also reviews the
philosophy and policies of the
non-Board Management
Compensation Committee,
which determines manage-
ment compensation and
establishes perquisites and
other compensation policies
for non-executive employees.
Additionally, the Committee
oversees the management of
the various retirement,
pension, long-term incentive,
savings, health and welfare
plans that cover the
Company’s employees.
Arnold G. Langbo, Chairman
Michael M. E. Johns, M.D.
William D. Perez
Charles Prince
JOHNSON & JOHNSON 2009 ANNUAL REPORT 23