First Data 2011 Annual Report Download - page 136

Tagar C. Olson has been a member of the Board since September 2007. Mr. Olson joined KKR in 2002 and is a Member and
Co-Head of KKR's Financial Services industry team within the Private Equity platform. Mr. Olson has played a significant role in the
investments in Santander Consumer USA, First Data Corporation, KKR Debt Investors, Legg Mason, Visant, Capmark, KSL
Holdings, KSL Recreation, Masonite, and Yellow Pages Group. Currently, he is on the board of directors of Santander Consumer
USA and Visant. Prior to joining KKR, Mr. Olson was with Evercore Partners Inc., where he was involved in a number of private
equity transactions and mergers and acquisitions. He holds a B.S. and B.A.S., summa cum laude, from the University of Pennsylvania.
The Company's Governance, Compensation and Nominations Committee (the "Committee") identifies individuals qualified to
become members of the Board and recommends to the Board nominees for election as directors at each annual meeting of
shareholders and to fill vacancies on the Board. The Committee looks for certain qualities common to all Board members, including
integrity, collegiality, and ability and willingness to make a commitment to the Company. When considering whether directors and
nominees have the experience, qualifications, attributes and skills, the Committee and the Board focused primarily on the information
discussed in each of the directors' individual biographies set forth above. In particular, with regard to Mr. Judge, the Board considered
his strong background in the technology sector and significant expertise and background as president and chief executive officer of
both private and publicly traded companies. With regard to Mr. Fisher, the Board considered his strong finance background. With
regard to Mr. Forehand, the Board considered his many years experience at a publicly held consulting and technology services
company, including service as chairman of the board. With regard to Mr. Kravis, the Board considered his significant experience and
expertise in private equity investments. With regard to Mr. Nuttall, the Board considered his broad perspective brought by
Mr. Nuttall's involvement in KKR's diverse investments and his extensive knowledge of the business and capital structure of the
Company through his involvement since the 2007 merger. With regard to Mr. Olson, the Board considered his expertise in the
financial services industry and his extensive knowledge of the business and capital structure of the Company through his involvement
since the 2007 merger.
Code of Ethics for Senior Financial Officers
The Company has adopted a Code of Ethics for Senior Financial Officers which applies to its Chief Executive Officer, Chief
Financial Officer, and Principal Accounting Officer. The Code is available on the Company's web site at www.firstdata.com under
"About First Data", "Investor Relations", "Corporate Governance".
Audit Committee Financial Expert and Recommendation of Directors.
The Company's Audit Committee consists of Messrs. Fisher, Nuttall and Olson. The Board of Directors has determined that
Mr. Fisher is an audit committee financial expert as defined by regulations of the Securities and Exchange Commission. Mr. Fisher is
not independent due to his affiliation with various KKR related entities. The Company does not have procedures by which security
holders may recommend nominees to its board of directors.
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