Kroger 2014 Annual Report Download - page 17

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15
IN F O R M A T I O N C O N C E R N I N G T H E B O A R D O F D I R E C T O R S
CO M M I T T E E S O F T H E B O A R D
The฀ Board฀ has฀ five฀ standing฀ committees฀ including฀ Audit,฀ Compensation฀ and฀ Corporate฀ Governance.฀
All฀ standing฀ committees฀ are฀ composed฀ exclusively฀ of฀ independent฀ directors.฀ The฀ current฀ charter฀ of฀ each฀
Board฀ committee฀ is฀ available฀ on฀ our฀ website฀ at฀ ir.kroger.com฀ under฀ Corporate฀ Governance฀ –฀ Committee฀
Composition.
The฀table฀below฀provides฀the฀current฀membership฀of฀our฀independent฀directors฀on฀each฀of฀the฀standing฀
Board฀committees.
Name
Audit
Committee
Compensation
Committee
Corporate
Governance
Committee
Financial
Policy
Committee
Public
Responsibilities
Committee
Nora A. Aufreiter x x
Robert฀D.฀Beyer Chair x
Susan฀J.฀Kropf x x
David฀B.฀Lewis x x
Jorge฀P.฀Montoya x Chair
Clyde฀R.฀Moore Chair x
Susan฀M.฀Phillips x x
James฀A.฀Runde x Chair
Ronald฀L.฀Sargent Chair x
Bobby฀S.฀Shackouls x x
During฀2014,฀the฀Audit฀Committee฀met฀five฀times,฀the฀Compensation฀Committee฀met฀four฀times,฀and฀
the฀ Corporate฀ Governance฀ Committee฀ met฀ two฀ times.฀ The฀ Audit฀ Committee฀ reviews฀ financial฀ reporting฀
and฀accounting฀matters฀pursuant฀to฀its฀charter฀and฀selects฀our฀independent฀accountants.฀The฀Compensation฀
Committee฀ recommends฀ for฀ determination฀ by฀ the฀ independent฀ members฀ of฀ the฀ Board฀ the฀ compensation฀
of฀ the฀ CEO,฀ determines฀ the฀ compensation฀ of฀ our฀ other฀ senior฀ management,฀ and฀ administers฀ some฀ of฀ our฀
incentive฀programs.฀Additional฀information฀on฀the฀Compensation฀Committee’s฀processes฀and฀procedures฀for฀
consideration฀of฀executive฀compensation฀are฀addressed฀in฀the฀Compensation฀Discussion฀and฀Analysis฀section฀
of฀this฀proxy฀statement.฀The฀Corporate฀Governance฀Committee฀develops฀criteria฀for฀selecting฀and฀retaining฀
members฀of฀the฀Board,฀seeks฀out฀qualified฀candidates฀for฀the฀Board,฀and฀reviews฀the฀performance฀of฀the฀Board฀
and,฀along฀with฀the฀other฀independent฀board฀members,฀the฀CEO.
DI R E C T O R N O M I N A T I O N S
The฀ Corporate฀Governance฀Committee฀ will฀ consider฀shareholder฀recommendations฀ for฀nominees฀ for฀
membership฀on฀the฀Board฀of฀Directors.฀If฀shareholders฀wish฀to฀nominate฀a฀person฀or฀persons฀for฀election฀to฀
the฀Board฀at฀our฀2016฀annual฀meeting,฀written฀notice฀must฀be฀submitted฀to฀Kroger’s฀Secretary,฀and฀received฀
at฀our฀executive฀offices฀not฀later฀than฀January฀13,฀2016.฀Such฀notice฀should฀include฀the฀name,฀age,฀business฀
address and residence address of such person, the principal occupation or employment of such person, the
number฀of฀Kroger฀common฀shares฀owned฀of฀record฀or฀beneficially฀by฀such฀person,฀and฀any฀other฀information฀
relating฀to฀the฀person฀that฀would฀be฀required฀to฀be฀included฀in฀a฀proxy฀statement฀relating฀to฀the฀election฀
of฀ directors.฀ The฀ Secretary฀ will฀ forward฀ the฀ information฀ to฀ the฀ Corporate฀ Governance฀ Committee฀ for฀ its฀
consideration.฀The฀Committee฀will฀use฀the฀same฀criteria฀in฀evaluating฀candidates฀submitted฀by฀shareholders฀
as฀it฀uses฀in฀evaluating฀candidates฀identified฀by฀the฀Committee.฀These฀criteria฀are:
•฀ Demonstrated฀ ability฀ in฀ fields฀ considered฀ to฀ be฀ of฀ value฀ in฀ the฀ deliberations฀ of฀ the฀ Board,฀ including฀
business฀management,฀public฀service,฀education,฀science,฀law,฀and฀government;
•฀ Highest฀standards฀of฀personal฀character฀and฀conduct;