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15MAR201511093851
Nominating and Identifies and proposes to the Board suitable candidates for Board 3
Governance: membership
Thomas M. Ryan, Chair Advises the Board on matters of corporate governance
David W. Dorman Reviews and reassesses from time to time the adequacy of the Company’s
Massimo Ferragamo Corporate Governance Principles
Robert D. Walter Receives comments from all directors and reports annually to the Board
with assessment of the Board’s performance
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.
Executive/Finance: Exercises all of the powers of the Board in the management of the —
David C. Novak, Chair business and affairs of the Company consistent with applicable law while
Thomas C. Nelson the Board is not in session
Thomas M. Ryan
Robert D. Walter
How are directors compensated?
.................................................................................................................................................................................................................................................................................................................................................................................
Employee Directors. Employee directors do not receive Non-Employee Directors Annual Compensation. The
additional compensation for serving on the Board of annual compensation for each director who is not an
Directors. employee of YUM is discussed under ‘‘Director
Compensation’’ beginning on page 61.
What are the Company’s policies and procedures with respect to related person transactions?
.................................................................................................................................................................................................................................................................................................................................................................................
The Board of Directors has adopted policies and immediate family members. Immediate family members are
procedures for the review of related person transactions. spouses, parents, stepparents, children, stepchildren,
Under these policies and procedures, the Nominating and siblings, daughters-in-law, sons-in-law and any person,
Governance Committee reviews related person other than a tenant or domestic employee, who resides in
transactions in which we are or will be a participant to the household of a director, director nominee, executive
determine if they are in the best interests of our officer or holder of 5% or more of our voting stock.
shareholders and the Company. Transactions, After its review, the Nominating and Governance
arrangements, or relationships or any series of similar Committee may approve or ratify the transaction. The
transactions, arrangements or relationships in which a policies and procedures provide that certain transactions
related person had or will have a material interest and that are deemed to be pre-approved even if they will exceed
exceed $100,000 are subject to the Committee’s review. $100,000. These transactions include employment of
Any member of the Nominating and Governance executive officers, director compensation, and transactions
Committee who is a related person with respect to a with other companies if the aggregate amount of the
transaction under review may not participate in the transaction does not exceed the greater of $1 million or 2%
deliberation or vote respecting approval or ratification of the of that company’s total revenues and the related person is
transaction. not an executive officer of the other company.
Related persons are directors, director nominees, executive
officers, holders of 5% or more of our voting stock and their
12 YUM! BRANDS, INC. 2015 Proxy Statement
Name of Committee Number of Meetings
and Members Functions of the Committee in Fiscal 2014
•
•
•
•
•
Name of Committee Number of Meetings
and Members Functions of the Committee in Fiscal 2014
•
GOVERNANCE OF THE COMPANY
Proxy Statement