Pizza Hut 2012 Annual Report Download - page 35

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YUM! BRANDS, INC.-2013Proxy Statement 17
Proxy Statement
ITEM1ELECTION OF DIRECTORS
If elected, we expect that all of the aforementioned nominees will serve as directors and hold offi ce until the 2014 Annual Meeting of
Shareholders and until their respective successors have been elected and qualifi ed. Based on the recommendation of the Nominating
and Governance Committee, all of the aforementioned nominees are standing for re-election except for Michael J. Cavanagh, who is
standing for election for the fi rst time.
What is the recommendation of the Board of Directors?
The Board of Directors recommends that you voteFOR the election of these nominees.
What if a nominee is unwilling or unable to serve?
That is not expected to occur. If it does, proxies may be voted for a substitute nominated by the Board of Directors.
What vote is required to elect directors?
A nominee will be elected as a director if the number of “FOR”
votes exceeds the number of “AGAINST” votes.
Our policy regarding the election of directors can be found in our
Corporate Governance Principles at www.yum.com/investors/
governance/principles.asp and at page 8 under “What other
s ignifi cant Board p ractices does the Company have?—Majority
Voting Policy.”