Pizza Hut 2015 Annual Report Download - page 29
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YUM! BRANDS, INC.-2016Proxy Statement 15
Proxy Statement
GOVERNANCE OF THE COMPANY
Does the Company require stock ownership by directors?
Yes, the Company requires stock ownership by directors.
The Board of Directors expects non-management directors
to hold a meaningful number of shares of Company common
stock and expects non-management directors to retain
shares acquired as compensation as a director until at least
12 months following their departure from the Board.
YUM directors receive a significant portion of their annual
compensation in stock. The Company believes that the
emphasis on the equity component of director compensation
serves to further align the interests of directors with those
of our shareholders.
How much YUM stock do the directors own?
Stock ownership information for each director is shown in the table on page 38.
Does the Company have stock ownership guidelines for executives and senior
management?
The Management Planning and Development Committee
has adopted formal stock ownership guidelines that set
minimum expectations for executive and senior management
ownership. These guidelines are discussed on page 58.
The Company has maintained an ownership culture among
its executive and senior managers since its formation.
Substantially all executive officers and members of senior
management hold stock well in excess of the guidelines.