Western Union 2014 Annual Report Download - page 40

Corporate Governance PROXY STATEMENT
The Western Union Company – Proxy Statement | 22
NOTICE OF 2015 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Compliance Committee
Frances Fragos Townsend
Committee Chair
Additional Committee Members: Dinyar S. Devitre, Hikmet Ersek (non-voting member), Michael A. Miles, Jr., and
Robert W. Selander
Meetings Held in 2014: 10
Primary Responsibilities: Pursuant to its charter, the Compliance Committee assists the Audit Committee and
the Board in fulfilling the Board’s oversight responsibility for the Company’s compliance with legal and regulatory
requirements. Among other things, the Compliance Committee is responsible for reviewing:
s¬¬THE¬#OMPANYS¬COMPLIANCE¬PROGRAMS¬AND¬POLICIES¬RELATING¬TO¬ANTIMONEY¬LAUNDERING¬LAWS¬INCLUDING¬ESTABLISHING¬
procedures to be apprised of material investigations or other material matters that may arise in relation to such laws; and
s¬¬LEGAL¬COMPLIANCE¬OR¬OTHER¬REGULATORY¬MATTERS¬THAT¬MAY¬HAVE¬A¬MATERIAL¬EFFECT¬ON¬THE¬#OMPANYS¬BUSINESS¬FINANCIAL¬
statements or compliance policies, including material notices to or inquiries received from governmental agencies.
Independence: Each voting member of the Compliance 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. The Board may appoint non-voting members to the Compliance Committee that are
not independent from the Company. The Company’s Chief Executive Officer is currently a non-voting member of the
Compliance Committee.