Western Union 2013 Annual Report Download - page 37

Corporate Governance PROXY STATEMENT
19 | The Western Union Company – Proxy Statement
NOTICE OF 2014 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Audit Committee
Richard A. Goodman
Committee Chair
Additional Committee Members: Dinyar S. Devitre, Linda Fayne Levinson, Roberto G. Mendoza and
Michael A. Miles, Jr.
Meetings Held in 2013: 11
Primary Responsibilities: Pursuant to its charter, the Audit Committee assists the Board of Directors in fulfilling its
oversight responsibilities with respect to:
•integrity of the Company’s consolidated financial statements;
•compliance with legal and regulatory requirements;
•independent registered public accounting firm qualifications and independence; and
•performance of the Company’s internal audit function and independent registered public accounting firm.
Independence: Each member of the Audit Committee meets the independence requirements of our Corporate
Governance Guidelines, the NYSE and the Exchange Act, and as the Board has determined, has no material relationship
with the Company. Each member of the Audit Committee is financially literate, knowledgeable, and qualified to review
financial statements. The Board has designated Mr. Goodman and Mr. Devitre as “financial experts” as defined by Item
407(d) of Regulation S-K.
Service on Other Audit Committees: No director may serve as a member of the Audit Committee if such director
serves on the audit committees of more than two other public companies, unless the Board determines that such
simultaneous service would not impair the ability of such director to effectively serve on the Audit Committee.
Currently, none of the Audit Committee members serve on more than three audit committees (including the Company’s
Audit Committee).