Kodak 2006 Annual Report Download - page 172
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17
COMMITTEE MEMBERSHIP
Corporate Responsibility Executive Compensation
Director Name Audit Committee
and Governance Committee
and Development Committee Finance Committee
Richard S. Braddock Member Chair
Martha Layne Collins Member Member
Timothy M. Donahue Chair Member
Michael J. Hawley Member Member
William H. Hernandez Chair
Durk I. Jager Member
Debra L. Lee Member
Delano E. Lewis Member
Hector de J. Ruiz Chair Member
Laura D’Andrea Tyson Member Member
No. of 2006 Meetings 11 8 11 4
Finance Committee — 4 meetings in 2006
The Finance Committee assists the Board in overseeing the Company’s: balance sheet and cash fl ow performance; fi nancing plans; capital expendi-
tures; acquisitions, joint ventures and divestitures; risk management programs; performance of sponsored pension plans; and tax policy. A detailed list
of the Finance Committee’s functions is included in its charter, which can be accessed at www.kodak.com/go/governance.
In the past year, the Finance Committee:
• reviewed the Company’s capital structure and fi nancing strategies, including dividend declaration, capital expenditures, debt repayment plan,
share repurchase and hedging of foreign exchange and commodity price risks;
• reviewed cash fl ow and balance sheet performance;
• reviewed credit ratings and key fi nancial ratios;
• reviewed signifi cant acquisitions, divestitures, including real estate sales and joint ventures;
• reviewed investment performance;
• reviewed the funding status and performance of the Company’s defi ned benefi t pension plans;
• reviewed the Company’s insurance risk management, crisis management and asset protection programs; and
• reviewed the Company’s tax policy and strategies.
Executive Committee — No meeting in 2006
The Executive Committee is composed of six directors: the Chairman of the Board, the Presiding Director and the Chairs of the other four committees.
The Executive Committee is generally authorized to exercise all of the powers of the Board in the intervals between meetings of the Board. The Execu-
tive Committee did not meet in 2006. The Executive Committee’s charter can be accessed at www.kodak.com/go/governance.