Staples 2014 Annual Report Download - page 19

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CORPORATE GOVERNANCE
www.staplesannualmeeting.com STAPLES 15
Finance Committee
Rowland T. Moriarty
Chairperson
“Our prudent approach to managing our capital structure
has enabled us to accelerate our reinvention strategy with the
proposed acquisition of Office Depot and put us in a stronger
position to create long-term value for our shareholders.”
Other Committee
Members
Basil L. Anderson
Paul F. Walsh
Meetings in 2014
2 in person, 1
telephonic
Introduction
The members of the Finance Committee are independent directors, as defined by its charter and the
rules of the NASDAQ Stock Market.
Key Objective
The Finance Committee’s responsibilities include being available, as needed, to evaluate and consult
with and advise our management and our Board with respect to capital structure and capital policies,
events and actions that could impact capital structure, payment of dividends, share repurchases,
borrowing practices, debt or equity financings, credit arrangements, investments, mergers,
acquisitions, joint ventures, divestitures and other similar transactions.
Further Areas of Responsibility
✓ Assists in the engagement of investment and financial advisors and consultants in proposed
financial transactions.
✓ Reviews and approves entry into swaps, including adopting and reviewing the policy relating to the
use of the non-financial end-user exception for the clearance of swap transactions.
2014 Highlights
The Finance Committee was focused in 2014 on our capital structure, dividend policy, hedging
policy, share repurchase program and other topics, including oversight of the Office Depot
acquisition financing.