Western Union 2015 Annual Report Download - page 37

2016 Proxy Statement | 19
NOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
CORPORATE GOVERNANCE
Audit Committee
“With a heavy emphasis on transformation throughout every facet of the
business, we’re focused on the continued integrity of our financial reporting and
ensuring we have the proper controls in place.”
Richard A. Goodman, Committee Chair
Additional Committee Members: Martin I. Cole, Linda Fayne Levinson, Roberto G. Mendoza, and Michael A. Miles, Jr.
Meetings Held in 2015: 8
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, independence and compensation; 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 Securities Exchange Act of 1934, as amended (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 as a “financial
expert” 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).