Big Lots 2009 Annual Report Download - page 11
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i
BIG LOTS, INC.
PROXY STATEMENT
TABLE OF CONTENTS
ABOUT THE ANNUAL MEETING...................................................... 1
Purpose of the Annual Meeting........................................................ 1
Shareholder Voting Rights............................................................ 1
Registered Shareholders and Beneficial Shareholders..................................... 1
Internet Availability of Proxy Materials ................................................ 2
Attendance at the Annual Meeting ..................................................... 2
How to Vote........................................................................ 2
Householding ...................................................................... 3
Tabulation of Votes.................................................................. 3
Board’s Recommendations ........................................................... 3
Quorum........................................................................... 3
Vote Required to Approve a Proposal .................................................. 4
Proposal One .................................................................... 4
Other Matters.................................................................... 4
PROPOSAL ONE: ELECTION OF DIRECTORS.......................................... 4
GOVERNANCE ...................................................................... 6
Board Leadership and Presiding Director............................................... 6
Board Meetings in Fiscal 2009 ........................................................ 6
Role of the Board’s Committees ....................................................... 6
Audit Committee ................................................................. 7
Compensation Committee .......................................................... 7
Nominating / Corporate Governance Committee........................................ 7
Strategic Planning Committee ...................................................... 7
Selection of Nominees by the Board .................................................... 8
Majority Vote Policy................................................................. 8
Determination of Director Independence................................................ 9
Related Person Transactions.......................................................... 9
Board’s Role in Risk Oversight........................................................ 10
Code of Business Conduct and Ethics & Code of Ethics for Financial Professionals ............ 10
Compensation Committee Interlocks and Insider Participation............................. 10
Communications with the Board ...................................................... 10