WeightWatchers 2004 Annual Report Download - page 46

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University and an M.B.A. in Finance from the University of Cincinnati. In addition to Wrigley, he also
serves as a director of Sea Pines Associates, Inc. and Rowpart Pharmaceuticals, Inc.
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, equal in number, 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 1 Directors (term expiring in 2005)
Raymond Debbane
John F. Bard
Jonas M. Fajgenbaum
Class 2 Directors (term expiring in 2006)
Marsha Johnson Evans
Sacha Lainovic
Christopher J. Sobecki
Class 3 Directors (term expiring in 2007)
Linda Huett
Philippe J. Amouyal
Sam K. Reed
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 Exchange
Act, as amended. 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;
• to establish and maintain procedures for the receipt, retention and treatment of complaints
received by us, from any source, regarding accounting, internal accounting controls or auditing
38