Kroger 2015 Annual Report Download - page 19

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17
Name of Committee, Number of
Meetings, and Current Members Committee Functions
Corporate Governance Committee
Meetings in 2015: 2
Members:
Robert D. Beyer, Chair
David B. Lewis
Clyde R. Moore
Bobby S. Shackouls
• Oversees the Company’s corporate governance policies and
procedures
• Develops criteria for selecting and retaining directors and
identifies and recommends qualified candidates to be director
nominees
• Designates membership and chairs of Board committees
• Reviews the Board’s performance and director independence
• Reviews, along with the other independent directors, the
performance of the CEO
Financial Policy Committee
Meetings in 2015: 2
Members:
James A. Runde, Chair
Nora A. Aufreiter
Robert D. Beyer
Susan J. Kropf
• Reviews and recommends financial policies and practices
• Oversees management of the Company’s financial resources
• Reviews the Company’s annual financial plan, significant capital
investments, plans for major acquisitions or sales, issuance
of new common or preferred stock, dividend policy, creation
of additional debt and other capital structure considerations
including additional leverage or dilution in ownership
• Monitors the investment management of assets held in pension
and profit sharing plans administered by the Company
Public Responsibilities Committee
Meetings in 2015: 2
Members:
Jorge P. Montoya, Chair
Nora A. Aufreiter
Anne Gates
Ronald L. Sargent
• Reviews the Company’s policies and practices affecting
its social and public responsibility as a corporate citizen,
including: community relations, charitable giving, supplier
diversity, sustainability, government relations, political action,
consumer and media relations, food and pharmacy safety and
the safety of customers and employees
• Reviews and examines the Company’s evaluation of and
response to changing public expectations and public issues
affecting the business
Director Nominee Selection Process
The Corporate Governance Committee is responsible for recommending to the Board a slate of
nominees for election at each annual meeting of shareholders. The Corporate Governance Committee
recruits candidates for Board membership through its own efforts and through recommendations from
other directors and shareholders. In addition, the Corporate Governance Committee has retained an
independent search firm to assist in identifying and recruiting director candidates who meet the criteria
established by the Corporate Governance Committee.
These criteria are:
• Demonstrated ability in fields considered to be of value in the deliberation and long-term planning
of the Board, including business management, public service, education, technology, law and
government;
• Highest standards of personal character and conduct;
• Willingness to fulfill the obligations of directors and to make the contribution of which he or she is
capable, including regular attendance and participation at Board and committee meetings, and
preparation for all meetings, including review of all meeting materials provided in advance of the meeting;
and
• Ability to understand the perspectives of Kroger’s customers, taking into consideration the diversity
of our customers, including regional and geographic differences.