Staples 2005 Annual Report Download - page 29

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Served as a
Director
Since
Paul F. Walsh, age 56
Chairman and Chief Executive Officer of eFunds Corporation, a transaction
processing and risk management company, since September 2002. Prior to
joining eFunds, Mr. Walsh was Chairman and CEO of Clareon Corporation, a
privately held electronic payments provider based in Portland, Maine, from
March 2000 to September 2002. From January 1999 to March 2000, Mr. Walsh
served as Chairman of iDeal Partners, a private equity firm funded in part by
Bank Boston Capital and Berkshire Partners. From February 1995 to
September 1998, Mr. Walsh was President and CEO of Wright Express
Corporation, an information and financial services company.
1990
Directors Retiring at the 2006 Annual Meeting of Stockholders.
Served as a
Director
Since
Richard J. Currie, age 68
Chairman of the Board of Bell Canada Enterprises (BCE) Inc. and Bell
Canada, telecommunications companies, since April 2002. Mr. Currie was
President and a director of George Weston Limited, a food processor, from
June 1996 to May 2002. He was President and a director of Loblaw Companies
Limited, a food retailer, from 1976 to 2001. Mr. Currie is also a director of
CAE Inc. and Petro-Canada.
1998
George J. Mitchell, age 72
Chairman of the law firm of DLA Piper Rudnick Gray Cary US LLP since
January 2005, and partner in predecessor firms since 1995. Appointed to the
United States Senate in 1980, Senator Mitchell served until he left the Senate
in 1995 as Majority Leader, a position he had held since January 1989. Senator
Mitchell is also Chairman of the Board of The Walt Disney Company.
1998
Our Chairman of the Board of Directors and executive officers are elected annually by our Board of Directors
and serve at the discretion of our Board. No family relationships exist between any of our executive officers, directors
or nominees for director.
Mr. Walsh was the Chief Executive Officer of Clareon Corporation, a privately held electronic payments provider,
from March 2000 to September 2002. In October 2002, to facilitate its acquisition by Fleet Boston Corp., Clareon
Corporation filed for Chapter 11 bankruptcy protection.
Board and Committee Meetings
Our Board of Directors held four regularly scheduled meetings and two telephonic special meetings during the
2005 fiscal year. The number of meetings held by each of the committees of our Board of Directors during the 2005
fiscal year is listed below. During the 2005 fiscal year, each incumbent director other than Mr. Blank attended at least
75% of the aggregate of the total number of Board meetings held and the total number of meetings of committees of
our Board on which he or she then served. Our Directors’ Corporate Governance Guidelines provide that directors
are encouraged to attend the Annual Meeting of Stockholders. Eleven directors attended the 2005 Annual Meeting of
Stockholders.
Our Board of Directors has five standing committees: the Audit Committee, the Compensation Committee, the
Nominating and Corporate Governance Committee, the Finance Committee and the Executive Committee. Each