Pizza Hut 2012 Annual Report Download - page 24

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YUM! BRANDS, INC.-2013Proxy Statement6
Proxy Statement
GOVERNANCE OF THE COMPANY
The business and affairs of YUM are managed under the direction of the Board of Directors. The Board believes that good corporate
governance is a critical factor in achieving business success and in fulfi lling the Board’s responsibilities to shareholders. The Board
believes that its practices align management and shareholder interests.
The corporate governance section of the Company website makes available the Company’s corporate governance materials, including
the Corporate Governance Principles, the Company’s Articles of Incorporation and By-Laws, the charters for each Board committee, the
Company’s Worldwide Code of Conduct, the Company’s Political Contributions and U.S. Government Advocacy Policy, and information
about how to report concerns about the Company. To access these documents on the Company’s website, www.yum.com, click on
“Investors” and then “Corporate Governance”.
Highlights of our corporate governance practices are described below.
Governance Highlights
Corporate Governance
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What is the composition of the Board of Directors
andhowoftenarememberselected?
Our Board of Directors presently consists of 12directors whose terms expire at this Annual Meeting.
As discussed in more detail later in this section, the Board has determined that 9 of the 12current and continuing directors are
independent under the rules of the NewYork Stock Exchange (“NYSE”).