SanDisk 2010 Annual Report Download - page 83

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Proxy Statement
The Company has adopted a related person transaction policy and procedures. In accordance with the
adopted policy and procedures, transactions involving related persons that are not included in one of the above
categories are generally reviewed by the Company’s legal department. The legal department determines whether
a related person could have a material interest in such a transaction, and any such transaction is forwarded to the
Audit Committee for review. The Audit Committee determines whether the related person has a material interest
in a transaction and may approve, ratify, rescind, or take other action with respect to the transaction in its
discretion.
The Company’s Amended and Restated Certificate of Incorporation, as amended (the “Certificate”)
authorizes the Company to provide indemnification of the Company’s Directors and officers, and the Company’s
Restated Bylaws (the “Bylaws”) require the Company to indemnify its Directors and officers, to the fullest extent
permitted by the Delaware General Corporation Law (the “DGCL”). In addition, each of the Company’s current
Directors and executive officers has entered into a separate indemnification agreement with the Company.
Finally, the Certificate and Bylaws limit the liability of Directors to the Company or its stockholders to the fullest
extent permitted by the DGCL.
The Company intends that all future transactions between the Company and its officers, Directors, principal
stockholders and their affiliates be approved by the Audit Committee, and be on terms no less favorable to the
Company than could be obtained from unaffiliated third parties.
OTHER BUSINESS
The Board of Directors knows of no other business that will be presented for consideration at the Annual
Meeting. If other matters are properly brought before the Annual Meeting, however, it is the intention of the
persons named in the accompanying proxy to vote the shares represented thereby on such matters in accordance
with their best judgment.
BY ORDER OF THE BOARD OF DIRECTORS,
Michael E. Marks
Chairman of the Board and Director
April 25, 2011
71