Kodak 2007 Annual Report Download - page 142

19
Finance Committee — 5 meetings in 2007
The Finance Committee assists the Board in overseeing the Company’s: balance sheet and cash flow performance; financing plans;
capital expenditures; 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 financing strategies, including dividend declaration, capital expenditures, debt
repayment plan, share repurchase and hedging of foreign exchange and commodity price risks;
• Reviewed cash flow and balance sheet performance;
• Reviewed credit ratings and key financial ratios;
• Reviewed significant acquisitions and divestitures, including real estate sales and joint ventures;
• Reviewed pension plan investment performance;
• Reviewed the funding status and performance of the Company’s defined benefit pension plans;
• Reviewed the Company’s insurance risk management, crisis management and asset protection programs;
• Reviewed the Company’s tax policy and strategies; and
• Modified its charter to more specifically delineate its oversight of proposed capital expenditures and transactions.
Executive Committee — No meeting in 2007
The Executive Committee is composed of the following 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 Executive Committee did not meet in 2007. The Executive Committee’s charter can be accessed at
www.kodak.com/go/governance.
COMMITTEE MEMBERSHIP FROM JULY 2006 – FEBRUARY 26, 2008
Director Name Audit Committee
Corporate Responsibility
and Governance Committee
Executive Compensation
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
Douglas R. Lebda*** Member Member
Debra L. Lee Member
Delano E. Lewis Member
William G. Parrett*** Member Member
Hector de J. Ruiz Chair Member
Laura D’Andrea Tyson Member Member
No. of 2007 Meetings 9 6 8 5
* Governor Collins retired from the Board on May 9, 2007.
** Mr. Jager chose not to stand for re-election at the 2007 annual meeting.
*** Mr. Lebda and Mr. Parrett joined the Board on November 14, 2007.