Allstate 2012 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2012 Allstate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 268

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268

• Appoints, oversees, and approves the fees of the independent registered public 8 Pg. 61
F. Duane Ackerman accountant.
Robert D. Beyer • Evaluates the independence of the independent registered public accountant.
Jack M. Greenberg(2)
• Reviews Allstate’s annual audited and quarterly financial statements.
Ronald T. LeMay
Judith A. Sprieser*(2) • Recommends to the Board whether the audited financial statements should be
Mary Alice Taylor included in Allstate’s annual report on Form 10-K.
• Reviews Allstate’s accounting and auditing principles and practices affecting the
financial statements, including the adequacy of internal controls over financial
reporting.
• Discusses risk assessment and risk management processes with management,
including the corporation’s major financial risk exposures and the steps
management has taken to monitor and control them.
• Reviews the scope of audits conducted by the independent registered public
accountant and internal auditors.
• Oversees Allstate’s ethics and compliance program; periodically reviews and
approves its Code of Ethics.
• Adopts procedures for handling complaints on accounting, internal accounting
controls, and auditing matters.
• Has authority to conduct independent inquiries and retain independent outside
counsel and other advisors.
• Provides functional oversight of Allstate’s internal audit department.
• Assists the Board in determining the compensation of the chief executive officer 6 Pg. 35
and other executive officers.
• Has sole authority to retain its compensation consultant.
Robert D. Beyer • Administers our executive compensation plans. Monitors executive performance
W. James Farrell* toward goals throughout the year; reviews executive compensation program
Jack M. Greenberg design and executive pay levels annually.
Ronald T. LeMay
Andrea Redmond • Reviews management succession plans and executive organizational structure
Joshua I. Smith for Allstate and each significant operating subsidiary; recommends nominees for
certain officer positions.
• Recommends supplemental retirement benefits and change-in-control
arrangements for executive officers to the Board.
• Recommends candidates to be nominated by the Board for election as directors. 5 None
• Advises the Board on the standards used in assessing the independence of
F. Duane Ackerman* directors.
W. James Farrell • Advises the Board on the standards used in assessing the performance of the
Andrea Redmond chief executive officer.
H. John Riley, Jr.
Joshua I. Smith • Reviews the Corporate Governance Guidelines and advises the Board on corporate
Judith A. Spreiser governance issues.
Mary Alice Taylor • Determines performance criteria and oversees assessment of the Board’s
performance.
• Administers non-employee director compensation with Board oversight.
• Has authority to retain independent consultants.
4
Corporate Governance Practices
Committee and Meetings Committee
Members Functions in 2011 Report
Audit(1)
Compensation
and
Succession
Nominating and
Governance
The Allstate Corporation |
PROXY STATEMENT