Facts at a glance

  • The Board of Directors met eight times in 2014.
  • Each Director attended at least 75% of the total number of board meetings and meetings held by the board committees on which he or she served during 2014.
  • The Board of Directors met in executive session, without any member of management in attendance, seven times during 2014.
  • It is the policy of the Board of Directors that the Directors attend the annual meeting of the shareholders. All directors attended the May 2015 annual meeting.
  • The Board of Directors conducts a self-assessment of its performance each year.
  • The Board of Directors has concluded that all non-employee directors are independent in accordance with the New York Stock Exchange standards and the standards of independence set forth in the Governance Principles.
  • The Inspectors of Election at the May 2015 annual meeting reported voting results as follows: There were 201,666,157 shares of Common Stock and Common Equivalent entitled to vote at the meeting and a total of 174,424,151 shares or 86.34% of those shares were represented at the meeting.