Cincinnati Bell 2006 Annual Report Download - page 31

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RATIFICATION OF APPOINTMENT OF INDEPENDENT ACCOUNTANTS
(Item 2 on the Proxy Card)
The Company’s Audit and Finance Committee Charter provides that the Committee shall have the sole
authority and responsibility to select, evaluate and, if necessary, replace the Company’s Independent
Accountants.
On January 25, 2007 the Audit and Finance Committee retained Deloitte & Touche LLP as its Independent
Accountants to audit the financial statements of the Company for the fiscal year ending December 31, 2007.
The Company is asking the shareholders to ratify its appointment of Deloitte & Touche LLP as Independent
Accountants of the Company for the fiscal year ending December 31, 2007. If the shareholders do not ratify this
appointment, the Audit and Finance Committee will consider the results of the vote and determine whether to
recommend and appoint a different independent registered public accounting firm to audit the financial
statements of the Company for the fiscal year ending December 31, 2007.
One or more members of the firm of Deloitte & Touche LLP will attend the Annual Meeting, will have an
opportunity to make a statement and will be available to answer questions.
Recommendation
Ratification of the appointment of Deloitte & Touche LLP as Independent Accountants requires the
affirmative vote of the holders of a majority of the common shares and 6
3
⁄
4
% Cumulative Convertible
Preferred Shares, voting as one class, present or represented at the annual meeting, in person or by proxy,
and entitled to vote on this proposal. Abstentions will have the same effect as votes against the proposal.
Broker non-votes will not be considered shares present and entitled to vote on the shareholder proposal
and will not have a positive or negative effect on the outcome of this proposal.
The Board recommends a vote FOR such ratification.
19
Proxy Statement