Black & Decker 2015 Annual Report Download - page 55

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41
ITEM 9A. CONTROLS AND PROCEDURES
The management of Stanley Black & Decker (the “Company”) is responsible for establishing and maintaining adequate internal
control over financial reporting. Internal control over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in
accordance with accounting principles generally accepted in the United States of America. Because of its inherent limitations,
internal control over financial reporting may not prevent or detect misstatements.
Management has assessed the effectiveness of the Company’s internal control over financial reporting as of January 2, 2016. In
making its assessment, management has utilized the criteria set forth by the Committee of Sponsoring Organizations (COSO)
of the Treadway Commission in Internal Control — Integrated Framework (2013 Framework). Management concluded that
based on its assessment, the Company’s internal control over financial reporting was effective as of January 2, 2016. Ernst &
Young LLP, the auditor of the financial statements included in this annual report, has issued an attestation report on the
registrant’s internal control over financial reporting, a copy of which appears on page 51.
Under the supervision and with the participation of management, including the Company’s Chairman and Chief Executive
Officer and its Senior Vice President and Chief Financial Officer, the Company has, pursuant to Rule 13a-15(b) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), evaluated the effectiveness of the design and operation of
its disclosure controls and procedures (as defined under Rule 13a-15(e) of the Exchange Act). Based upon that evaluation, the
Company’s Chairman and Chief Executive Officer and its Senior Vice President and Chief Financial Officer have concluded
that, as of January 2, 2016, the Company’s disclosure controls and procedures are effective. There has been no change in the
Company’s internal control over financial reporting that occurred during the fiscal year ended January 2, 2016 that has
materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.
ITEM 9B. OTHER INFORMATION
None
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE OF THE REGISTRANT
The information required by this Item, except for certain information with respect to the Company’s Code of Ethics, the
identification of the executive officers of the Company and any material changes to the procedures by which security holders
may recommend nominees to the Company’s Board of Directors, as set forth below, is incorporated herein by reference to the
information set forth in the section of the Company’s definitive proxy statement (which will be filed pursuant to
Regulation 14A under the Exchange Act within 120 days after the close of the Company’s fiscal year) under the headings
“Information Concerning Nominees for Election as Directors,” “Board of Directors,” and “Section 16(a) - Beneficial
Ownership Reporting Compliance.”
In addition to Business Conduct Guidelines that apply to all directors and employees of the Company, the Company has
adopted a Code of Ethics that applies to the Company’s Chief Executive Officer and all senior financial officers, including the
Chief Financial Officer and principal accounting officer. A copy of the Company’s Code of Ethics is available on the
Company’s website at www.stanleyblackanddecker.com.
The following is a list of the executive officers of the Company as of February 19, 2016:
Name and Age Office Date Elected to
Office
John F. Lundgren (64) Chairman and Chief Executive Officer. Has served as Chief Executive
Officer since March 1, 2004 and Chairman from March 1, 2004 through
March 12, 2010 and again from March 13, 2013 to present. Served as
President and Chief Executive Officer from March 12, 2010 through
January 13, 2013.
3/1/2004
James M. Loree (57) President & Chief Operating Officer since January 2013. Executive Vice
President and Chief Operating Officer (2007); Executive Vice President
Finance and Chief Financial Officer (1999).
7/19/1999