Staples 2005 Annual Report Download - page 35

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19
advance by the Audit Committee. All services provided to us by Ernst & Young LLP in each of fiscal years 2005 and
2004 were approved in accordance with this policy.
Certain Relationships and Related Transactions
We have retained the services of the law firm DLA Piper Rudnick Gray Cary US LLP, of which Senator Mitchell
is a partner. The Nominating and Corporate Governance Committee of our Board of Directors reviewed and
approved this relationship. See also “Director Compensation” regarding Senator Mitchell’s consulting agreement with
us.
We have a policy that prohibits personal loans to executive officers and directors and requires transactions and
loans, if any, between us and our affiliates to be on terms no less favorable to us than could be obtained from
unrelated third parties.