Pizza Hut 2013 Annual Report Download - page 40

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YUM! BRANDS, INC.-2014Proxy Statement18
Proxy Statement
ITEM1ELECTION OF DIRECTORS
If elected, we expect that all of the aforementioned nominees will serve as directors and hold office until the 2015 Annual
Meeting of Shareholders and until their respective successors have been elected and qualified. Based on the recommendation
of the Nominating and Governance Committee, all of the aforementioned nominees are standing for re-election.
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 with
respect to his or her election.
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 9 under
“What other significant Board practices does the Company
have?—Majority Voting Policy.”