Western Union 2015 Annual Report Download - page 39

2016 Proxy Statement | 21
NOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
CORPORATE GOVERNANCE
Compliance Committee
“The Compliance Committee continues to demonstrate the Board’s commitment
to compliance by focusing solely on oversight of the Company’s global regulatory
compliance program, which includes ongoing significant investment in
compliance efforts and collaboration with regulators around the world.”
Frances Fragos Townsend, Committee Chair
Additional Committee Members: Hikmet Ersek (non-voting member), Martin I. Cole, Michael A. Miles, Jr., and
Solomon D. Trujillo
Meetings Held in 2015: 5
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:
• the Company’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
• legal, compliance or other regulatory matters that may have a material effect on the Company’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.