Pizza Hut 2014 Annual Report Download - page 32

15MAR201511093851
Elane B. Stock is the Group President of Kimberly-Clark material relationship between the Company and Ms. Stock
International, a division of Kimberly Clark Corporation. or the Company and Kimberly-Clark Corporation as the
During 2014, the Company paid Kimberly-Clark Corporation payments represent less than one-tenth of 1% of Kimberly-
approximately $2.6 million for paper products used in the Clark Corporation’s revenues. The Board determined that
normal course of business in some of its restaurants. The this relationship was not material to Ms. Stock or Kimberly-
Board determined that these payments did not create a Clark Corporation.
How do shareholders communicate with the Board?
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Shareholders and other parties interested in communicating their request) and a summary of all such correspondence.
directly with individual directors, the non-management The designated director of the Nominating and Governance
directors as a group or the entire Board may do so by writing Committee will forward correspondence directed to
to the Nominating and Governance Committee, c/o individual directors as he or she deems appropriate.
Corporate Secretary, YUM! Brands, Inc., 1441 Gardiner Directors may at any time review a log of all
Lane, Louisville, Kentucky 40213. The Nominating and correspondence received by the Company that is
Governance Committee of the Board has approved a addressed to members of the Board and request copies of
process for handling letters received by the Company and any such correspondence. Written correspondence from
addressed to individual directors, non-management shareholders relating to accounting, internal controls or
members of the Board or the Board. Under that process, the auditing matters are immediately brought to the attention of
Corporate Secretary of the Company reviews all such the Company’s Audit Committee Chair and to the internal
correspondence and regularly forwards to a designated audit department and handled in accordance with
individual member of the Nominating and Governance procedures established by the Audit Committee with
Committee copies of all such correspondence (although we respect to such matters (described below).
do not forward commercial correspondence and Correspondence from shareholders relating to
correspondence duplicative in nature; however, we will Management Planning and Development Committee
retain duplicate correspondence and all duplicate matters are referred to the Chair of the Management
correspondence will be available for directors’ review upon Planning and Development Committee.
What are the Company’s policies on reporting of concerns regarding accounting?
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The Audit Committee has established policies on reporting Gardiner Lane, Louisville, KY 40213. In addition, a person
concerns regarding accounting and other matters in who has such a concern about the conduct of the Company
addition to our policy on communicating with our or any of our employees may discuss that concern on a
non-management directors. Any person, whether or not an confidential or anonymous basis by contacting The Network
employee, who has a concern about the conduct of the at 1 [phone]. The Network is our designated
Company or any of our people, with respect to accounting, external contact for these issues and is authorized to
internal accounting controls or auditing matters, may, in a contact the appropriate members of management and/or
confidential or anonymous manner, communicate that the Board of Directors with respect to all concerns it
concern to our General Counsel, Christian Campbell. If any receives. The full text of our Policy on Reporting of
person believes that he or she should communicate with our Concerns Regarding Accounting and Other Matters is
Audit Committee Chair, Thomas C. Nelson, he or she may available on our website at www.yum.com/investors/
do so by writing him at c/o YUM! Brands, Inc., 1441 governance/complaint.asp.
10 YUM! BRANDS, INC. 2015 Proxy Statement
GOVERNANCE OF THE COMPANY
Proxy Statement