Pizza Hut 2011 Annual Report Download - page 31
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16MAR201218542623
Name of Committee Number of Meetings
and Members Functions of the Committee in Fiscal 2011
Management Planning • Oversees the Company’s executive compensation 4
and Development: plans and programs and reviews and recommends
Thomas M. Ryan, Chair changes to these plans and programs
David W. Dorman • Monitors the performance of the chief executive
Massimo Ferragamo officer and other senior executives in light of
Bonnie Hill corporate goals set by the Committee
Robert Walter • Reviews and approves the compensation of the
chief executive officer and other senior executive
officers
• Reviews management succession planning
The Board has determined that all of the members of the Management Planning and Development
Committee are independent within the meaning of the listing standards of the NYSE.
Name of Committee Number of Meetings
and Members Functions of the Committee in Fiscal 2011
Nominating and • Identifies and proposes to the Board suitable 5
Governance: candidates for Board membership
Robert Walter, Chair • Advises the Board on matters of corporate
David W. Dorman governance
Massimo Ferragamo • Reviews and reassesses from time to time the
Bonnie Hill adequacy of the Company’s Corporate Governance
Thomas M. Ryan Principles
• Receives comments from all directors and reports
annually to the Board with assessment of the
Board’s performance
Proxy Statement
• Prepares and supervises the Board’s annual review
of director independence
The Board has determined that all of the members of the Nominating and Governance Committee
are independent within the meaning of the listing standards of the NYSE.
Name of Committee Number of Meetings
and Members Functions of the Committee in Fiscal 2011
Executive/Finance: • Exercises all of the powers of the Board in the —
David C. Novak, Chair management of the business and affairs of the
J. David Grissom Company consistent with applicable law while the
Kenneth G. Langone Board is not in session
How are directors compensated?
Employee Directors. Employee directors do not receive additional compensation for serving on the
Board of Directors.
Non-Employee Directors Annual Compensation. The annual compensation for each director who is
not an employee of YUM is discussed under ‘‘Director Compensation’’ beginning on page 73.
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