Pottery Barn 2005 Annual Report Download - page 96

Download and view the complete annual report

Please find page 96 of the 2005 Pottery Barn annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 160

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

What is our Director Emeritus program, and when was it initiated?
In 2003, we initiated our Director Emeritus program for directors who have, in the opinion of the Board,
provided long and meritorious service as members of the Board. Individuals who accept appointment to the
position of Director Emeritus agree to provide advisory and consulting services on such business matters as the
Board may determine. These individuals may attend meetings of the Board, but do not vote on Board matters.
Information Regarding Directors Emeriti
The following table sets forth information, as of March 24, 2006, with respect to each Director Emeritus.
Director Emeritus
Director
Emeritus
Since Position with the Company and Business Experience
Charles E. Williams ....... 2003 • Director, 1973 – 2003
Age 90 • Vice Chairman, 1986 – 2003
• Founder
James A. McMahan ....... 2003 • Director, 1979 – 2003
Age 83 • Chief Executive Officer of McMahan Furniture Stores
(furniture), 1947 – 1999
What are the committees of our Board?
Our Board has the following committees, with the following members as of April 14, 2006:
Committee and Members Functions of Committee
Number of
Meetings in
Fiscal 2005
Audit and Finance:
Adrian T. Dillon, Chairman
Jeanne P. Jackson
Michael R. Lynch
• Assists our Board in its oversight of: the integrity of our
financial statements; the qualifications, independence
and performance of our independent auditor; the
performance of our internal audit function; and
compliance by us with legal and regulatory requirements;
• Prepares the report that the Securities and Exchange
Commission rules require to be included in our annual
proxy statement; and
• Oversees the financial impact of selected strategic
initiatives and reviews selected financing, dividend and
stock repurchase policies and plans.
6
Compensation:
Adrian D.P. Bellamy, Chairman
Jeanne P. Jackson
Richard T. Robertson
• Reviews and determines our executive officers’
compensation;
• Reviews and determines our general compensation goals
and guidelines for our employees;
• Reviews and determines our compensation policy for our
non-employee directors; and
• Administers certain of our compensation plans and
provides assistance and recommendations with respect to
other compensation plans.
5
8