WeightWatchers 2003 Annual Report Download - page 39

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Board of Directors
Our Board of Directors is currently comprised of nine directors.
Classes and Terms of Directors
Our Board of Directors is divided into three classes, as nearly equal in number as possible, with
each director serving a three-year term and one class being elected at each year’s annual meeting of
shareholders. The following individuals are directors and serve for the terms indicated:
Class 3 Directors (term expiring in 2004)
Linda Huett
Sam K. Reed
Philippe J. Amouyal
Class 1 Directors (term expiring in 2005)
Raymond Debbane
Jonas M. Fajgenbaum
John F. Bard
Class 2 Directors (term expiring in 2006)
Sacha Lainovic
Christopher J. Sobecki
Marsha Johnson Evans
Committees of the Board of Directors
The standing committees of our Board of Directors consist of an Audit Committee and a
Compensation and Benefits Committee.
Audit Committee
We have an Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities
Exchange Act of 1934 (the ‘‘Exchange Act’’). The members of the Audit Committee are Sam K. Reed,
Marsha Johnson Evans and John F. Bard.
The principal duties of our Audit Committee are as follows:
• to oversee that our management has maintained the reliability and integrity of our accounting
policies and financial reporting and our disclosure practices;
• to oversee that our management has established and maintained processes to ensure that an
adequate system of internal controls is functioning;
• to oversee that our management has established and maintained processes to ensure our
compliance with all applicable laws, regulations and corporate policy;
• to prepare an annual performance evaluation of the Audit Committee;
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