ADP 1998 Annual Report Download - page 30

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Management is responsible for the
preparation of the accompanying
financial statements. The financial
statements, which include amounts based
on the application of business judgments,
have been prepared in conformity with
generally accepted accounting principles.
Deloitte & Touche, independent certified
public accountants, have audited our con-
solidated financial statements as described
in their report.
The Company maintains financial con-
trol systems designed to provide reason-
able assurance that assets are safeguarded
and that transactions are executed and
recorded in accordance with management
authorization. The control systems are
supported by written policies and the
control environment is regularly evaluated
by both the Companys internal auditors
and Deloitte & Touche.
The Board of Directors has an Audit
Committee comprised of four outside
directors. The Audit Committee meets with
both Deloitte & Touche and the internal
auditors with and without managements
presence. It monitors and reviews the
Companys financial statements and internal
controls, and the scope of the internal
auditors and Deloitte & Touches audits.
Deloitte & Touche and the internal auditors
have free access to the Audit Committee.
Arthur F. Weinbach
Chairman and Chief Executive Officer
Richard J. Haviland
Chief Financial Officer
Roseland, New Jersey, August 13, 1998
28
REPORT OF MANAGEMENT
DIRECTORS AND CORPORATE OFFICERS
DIRECTORS
Henry Taub3
Honorary Chairman of the Board
Chairman, ADP Executive Committee
Josh S. Weston3
Honorary Chairman of the Board
Arthur F. Weinbach3
Chairman and Chief Executive Officer
Gary C. Butler
President and Chief Operating Officer
Joseph A. Califano, Jr.1
Chairman of the Board and President,
The National Center on Addiction and Substance
Abuse at Columbia University (CASA)
Leon G. Cooperman1
Chairman and Chief Executive Officer
of Omega Advisors, Inc.
George H. Heilmeier2
Chairman Emeritus of Bellcore
Ann Dibble Jordan1
Consultant
Member of various boards
Harvey M. Krueger1,3
Vice Chairman of Lehman Brothers
Chairman, ADP Audit Committee
Frederic V. Malek2,3
Chairman, Thayer Capital Partners
Chairman, ADP Compensation Committee
Laurence A. Tisch2
Co-Chairman and Co-Chief Executive Officer
of Loews Corporation
1 Audit Committee
2 Compensation Committee
3 Executive Committee
CORPORATE OFFICERS
Arthur F. Weinbach
Chairman and Chief Executive Officer
Gary C. Butler
President and Chief Operating Officer
Group Presidents
Richard J. Daly
Russell P. Fradin
John P. Hogan
S. Michael Martone
Corporate Vice Presidents
Albert J. Angelus
John D. Barfitt
James B. Benson, General Counsel
Richard C. Berke
William J. Campbell
Ronald F. Clarke
Raymond L. Colotti, Treasurer
Renato Crocetti
G. Harry Durity
Philippe A. Gluntz
Eugene A. Hall, Senior VP
Richard J. Haviland, Chief Financial Officer
Howard D. Koenig
Timothy D. Lamb
Peter M. Leger
Raymond A. Marlinga
Gordon R. Mettam
Michael W. Reece
Michael P. Rooney
George I. Stoeckert
Dante F. Terzo
Thomas J. Tremba
Staff Vice Presidents
Karen E. Dykstra
Brian E. Heiser
Terri J. LeCamp
Gary E. Tarino