Best Buy 2010 Annual Report Download - page 12

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and evaluation of, and approves, equity-based and policies and financial condition to help enable us to
other incentive compensation and other employee achieve our long-range goals. It evaluates and monitors
benefit plans of a compensatory nature, and oversees the: (i) protection and safety of our cash and
our human capital policies and programs. investments; (ii) achievement of reasonable returns on
financial assets within acceptable risk tolerance;
Nominating, Corporate Governance and Public Policy
(iii) maintenance of adequate liquidity to support our
Committee. This committee discharges the Board’s
activities; (iv) assessment of the cost and availability of
responsibilities related to general corporate governance,
capital; and (v) alignment of our strategic goals and
including Board organization, membership, training and
financial resources.
evaluation. It also reviews and recommends to the
Board corporate governance principles, presents Global Strategy Committee. This committee was
qualified individuals for election to the Board, and established in January 2010, but did not have assigned
oversees the evaluation of the performance of the Board members or meet during the fiscal year. The committee
and its committees. Finally, this committee oversees was created to provide insight, advice and counsel with
matters of public policy and social responsibility that respect to our strategic plans regarding connectivity,
affect us domestically and internationally. For additional marketing, branding, customer centricity, and related
information regarding our director nomination process, enterprise initiatives. The committee will also provide an
see Director Nomination Process beginning on page 15. ongoing critical evaluation of, and accountability for
Finance and Investment Policy Committee. This performance within, our strategic plans and vision.
committee advises the Board regarding our financial
The following table shows the date each committee was established, the number of meetings held in fiscal 2010 and
the names of the directors serving on each committee as of April 23, 2010:
Number of
Meetings
Date During
Committee Established Fiscal 2010 Members
Audit June 1, 1984 10 Hatim A. Tyabji*†
George L. Mikan III†
Matthew H. Paull†
G´
erard R. Vittecoq†
Compensation and Human Resources February 13, 1997 8 Frank D. Trestman*
Kathy J. Higgins Victor
Ronald James
Hatim A. Tyabji
Nominating, Corporate Governance and Public February 13, 1997 4 Kathy J. Higgins Victor*
Policy Ronald James
Sanjay Khosla
Rogelio M. Rebolledo
Finance and Investment Policy September 13, 2006 5 Elliot S. Kaplan*
Allen U. Lenzmeier
Matthew H. Paull
Frank D. Trestman
* Chairman
† Designated as an ‘‘audit committee financial expert’’ per SEC rules.
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