Allstate 2012 Annual Report Download - page 8

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4NOV201122400855
Narrowed the Benchmark Compensation Range — We changed the benchmark
target used for total direct compensation to the 50th percentile of the peer group
we use for compensation purposes. The benchmark had previously been a range
between the 50th and 75th percentiles.
BOARD EFFECTIVENESS
Restructured Lead Director Role — We expanded the responsibilities of the lead
director and shifted from a model where this responsibility rotated among directors.
H. John Riley, Jr. was elected our lead director based on his leadership skills and
extensive experience with Allstate.
Expanded Board Capabilities — We elected John W. Rowe, Chairman Emeritus of
Exelon Corporation, to our board. Mr. Rowe will stand for election with the entire
board for an annual term in May. Mr. Rowe was named the best electric utility CEO
in America by Institutional Investor in 2008 and 2009.
The Allstate board is completely committed to the company’s long-term success
and representing stockholders’ interests. Investor feedback on governance and
executive compensation is extremely helpful in enabling us to achieve these
objectives. Thank you for your insights, support, and confidence. We are optimistic
about Allstate’s strategy and long-term ability to continue to serve America as it
has throughout the last 80 years.
Please join us at the Annual Meeting of Stockholders on Tuesday, May 22, 2012.
The Allstate Board of Directors