Texas Instruments 2013 Annual Report Download - page 63

TEXAS INSTRUMENTS 2014 PROXY STATEMENT • 61
PROXY
STATEMENT
Mr. Sanders
•฀ As฀chairman฀(1992-2003)฀and฀CEO฀(1991-2002)฀of฀Kimberly-Clark฀Corporation,฀has฀gained฀first-hand฀experience฀in฀managing฀a฀
large,฀multinational฀consumer฀goods฀corporation,฀with฀ultimate฀management฀responsibility฀for฀its฀financial฀performance฀and฀its฀
significant฀capital฀and฀R&D฀investments.฀
•฀ As฀chairman฀of฀Dr฀Pepper฀Snapple฀Group,฀Inc.฀(2008-present)฀and฀a฀director฀of฀Belo฀Corporation฀(2003-2013),฀has฀helped฀
oversee the strategy and operations of other large corporations.
Ms. Simmons
•฀ As฀president฀of฀Brown฀University฀(2001-2012)฀and฀president฀of฀Smith฀College฀(1995-2001),฀has฀gained฀first-hand฀experience฀in฀
managing large, complex institutions, and developed deep insight into the development and training of professionals, including
engineers, scientists and technologists, on whom the company relies for its next generation of employees.
•฀ As฀a฀director฀of฀Chrysler฀Group฀LLC฀(2012-present)฀and฀Mondelez฀International,฀Inc.฀(2012-present)฀and฀as฀a฀former฀director฀of฀
The฀Goldman฀Sachs฀Group,฀Inc.฀(2000-2010),฀has฀helped฀oversee฀the฀strategy฀and฀operations฀of฀other฀large฀corporations.฀
Mr. Templeton
•฀ As฀a฀33-year฀veteran฀of฀the฀semiconductor฀industry,฀serving฀the฀last฀18฀years฀at฀a฀senior฀level฀at฀the฀company,฀including฀as฀
chairman฀since฀2008,฀CEO฀since฀2004฀and฀director฀since฀2003,฀has฀developed฀a฀deep฀knowledge฀of฀all฀aspects฀of฀the฀company฀
and of the semiconductor industry.
Ms.฀Whitman
•฀ As฀Administrator฀of฀the฀Environmental฀Protection฀Agency฀(2001-2003)฀and฀Governor฀of฀the฀state฀of฀New฀Jersey฀(1994-2000),฀
has฀gained฀first-hand฀experience฀managing฀a฀large,฀complex฀organization฀and฀developed฀keen฀insight฀into฀the฀workings฀of฀
government on the federal and state level and how they might impact company operations.
•฀ As฀a฀director฀of฀S.C.฀Johnson฀&฀Son,฀Inc.฀(2003-present)฀and฀United฀Technologies฀Corp.฀(2003-present),฀has฀helped฀oversee฀the฀
strategy and operations of other large corporations.
Communications with the board
Stockholders฀and฀others฀who฀wish฀to฀communicate฀with฀the฀board฀as฀a฀whole,฀or฀to฀individual฀directors,฀may฀write฀to฀them฀at:฀
P.O.฀Box฀655936,฀MS฀8658,฀Dallas,฀TX฀75265-5936.฀All฀communications฀sent฀to฀this฀address฀will฀be฀shared฀with฀the฀board฀or฀the฀
individual director, if so addressed.
Corporate governance
The฀board฀has฀a฀long-standing฀commitment฀to฀responsible฀and฀effective฀corporate฀governance.฀The฀board’s฀corporate฀governance฀
guidelines฀(which฀include฀the฀director฀independence฀standards),฀the฀charters฀of฀each฀of฀the฀board’s฀committees,฀TI’s฀code฀of฀business฀
conduct฀and฀our฀code฀of฀ethics฀for฀our฀CEO฀and฀senior฀financial฀officers฀are฀available฀on฀our฀website฀at฀www.ti.com/corporategovernance.฀
Stockholders฀may฀request฀copies฀of฀these฀documents฀free฀of฀charge฀by฀writing฀to฀Texas฀Instruments฀Incorporated,฀P.O.฀Box฀660199,฀
MS฀8657,฀Dallas,฀TX฀75266-0199,฀Attn:฀Investor฀Relations.
Annual meeting attendance
It฀is฀a฀policy฀of฀the฀board฀to฀encourage฀directors฀to฀attend฀each฀annual฀meeting฀of฀stockholders.฀Such฀attendance฀allows฀for฀direct฀
interaction฀between฀stockholders฀and฀board฀members.฀In฀2013,฀all฀directors฀then฀in฀office฀attended฀TI’s฀annual฀meeting฀of฀stockholders.
Director independence
The฀board฀has฀determined฀that฀each฀of฀our฀directors฀is฀independent฀except฀for฀Mr.฀Templeton.฀In฀connection฀with฀this฀determination,฀
information฀was฀reviewed฀regarding฀directors’฀business฀and฀charitable฀affiliations,฀directors’฀immediate฀family฀members฀and฀their฀
employers,฀and฀any฀transactions฀or฀arrangements฀between฀the฀company฀and฀such฀persons฀or฀entities.฀The฀board฀has฀adopted฀the฀
following standards for determining independence.
A.฀In฀no฀event฀will฀a฀director฀be฀considered฀independent฀if:
฀ 1.฀He฀or฀she฀is฀a฀current฀partner฀of฀or฀is฀employed฀by฀the฀company’s฀independent฀auditors;
฀ 2.฀A฀family฀member฀of฀the฀director฀is฀(a)฀a฀current฀partner฀of฀the฀company’s฀independent฀auditors฀or฀(b)฀currently฀employed฀by฀the฀
company’s฀independent฀auditors฀and฀personally฀works฀on฀the฀company’s฀audit;
฀ 3.฀Within฀the฀current฀or฀preceding฀three฀fiscal฀years฀he฀or฀she฀was,฀and฀remains฀at฀the฀time฀of฀the฀determination,฀a฀partner฀in฀or฀a฀
controlling shareholder, an executive officer or an employee of an organization that in the current year or any of the past three fiscal
years฀(a)฀made฀payments฀to,฀or฀received฀payments฀from,฀the฀company฀for฀property฀or฀services,฀(b)฀extended฀loans฀to฀or฀received฀