Petsmart 2006 Annual Report Download - page 10

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Statement of Corporate Responsibility
The management of PetSmart is dedicated to ensuring our high standards of corporate governance are maintained, including
compliance with our established financial accounting policies and reporting our results with objectivity and the highest degree
of integrity. The culture at PetSmart demands integrity and we have the highest confidence in our people and our underlying
systems of internal controls. Management fully embraces and understands its responsibility for the integrity and accuracy
of our financial statements.
Here is a sampling of the corporate governance controls to which we adhere:
•Our Board of Directors has adopted and we have posted on our website our Corporate Governance Guidelines and
related information.
•Eleven of our 12 members of the Board of Directors are independent of PetSmart and our management.
•The Lead Director and all members of the board committees—the Audit Committee, the Compensation Committee,
and the Corporate Governance Committee—are independent.
•The independent board members regularly meet without management present.
•The charters for these board committees clearly establish committee member roles and responsibilities.
•PetSmart has a clear code of ethics and business policies.
•PetSmart has complaint procedures in place for associates and other stakeholders.
•The PetSmart internal audit department reviews key areas of our business and financial processes and controls, and
reports directly to the Audit Committee.
We are committed to improving stockholder value and fully understand and embrace our responsibilities. It is a PetSmart
tenet that investors and other users of our financial statements should be provided with financial information that is timely,
complete, relevant, fair, and accurate. We will continue to strive to strengthen your confidence by our actions.
Philip L. Francis Scott A. Crozier
Chairman and Chief Executive Officer Senior Vice President, General Counsel
and Chief Compliance Officer
Robert F. Moran Timothy E. Kullman
President and Chief Operating Officer Senior Vice President, Chief Financial Officer