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He is also a Director of Intuit Inc. Director since Mr. He is also a Director of Alcoa Inc. Member of the Finance and Public Policy Committees. All of the Directors with terms expiring inexcept Mr.
Zedillo, have been executive officers of their respective employers for more than the past five years. Aircraft Engines from until Zedillo was President of Mexico from until Each of the Directors with terms expiring in was elected a Director by the shareholders in except Mr.
The Finance Committee met three times during the fiscal year ended June 30, The Finance Committee has the responsibilities set forth in its Charter with respect to overseeing financial matters of importance to the Company. Shareholders who wish to communicate with this Committee concerning potential Director candidates may do so by corresponding with the Secretary of the Company.
These communications should include the name and biographical data of the individual who is the subject of the communication.
The Public Policy Committee met twice during the fiscal year ended June 30, The Public Policy Committee has the responsibilities set forth in its Charter with respect to overseeing matters of importance to the Company and its stakeholders, including employees, consumers, customers, suppliers, shareholders, governments, local communities and the general public.
Topics considered by this Committee include organization diversity, sustainable development, community and government relations, product quality and quality assurance systems and corporate reputation.
De Sole was only able to attend Whitman was only able to attend The Board of Directors has adopted Corporate Governance Guidelines to set forth its agreements concerning overall governance practices. The new plan provides for the award of stock, restricted stock, restricted stock units and stock options.
Expenses for Company-related business travel are either paid or reimbursed by the Company. This year, the Compensation Committee adopted share ownership guidelines for non-employee Directors.
Interest is credited to the account at the end of each month at the prime rate then in effect at Morgan Guaranty Trust Company of New York. This type of deferred compensation account is payable either upon the retirement of the Director or after a term of years after retirement specified by the Director.
The Board of Directors has a Charitable Gifts Program which is funded by life insurance on the lives of the non-employee members of the Board of Directors and the Chief Executive. Directors receive no financial benefit from the program because the Company receives all insurance proceeds and charitable deductions.
These contributions are divided among up to five charitable organizations that the participant selects. The following current and retired Directors are participants or eligible to participate in this program: Lafley, Joshua Lederberg, Charles R.
Whitman and Ernesto Zedillo. The Committee establishes and regularly reviews executive compensation levels and policies, and authorizes short- and long-term awards to executives in the form of cash or stock.
Executive compensation is based on performance against a combination of financial and non-financial measures including business results and developing organizational capacity.
For senior business executives, a substantial portion of compensation is comprised of variable, at-risk elements with the majority based on the long-term success of the Company.
When the incentive plans pay awards at target, the executive compensation levels will equal the middle compensation range for a comparative group of companies.Reports on the plans of Procter & Gamble after the resignation of its chairman and chief executive officer Durk Jager.
Faults acknowledged by the company; Plans of Jager's successor, A.G. Lafley, for the company; Advertising agencies that service the company's brands. San Francisco-based beauty e-tailer monstermanfilm.com may face an ugly future following the resignation of Durk Jager, the innovative Procter & Gamble chief who supported the venture.
"I can't say what. NEW YORK (CNNfn) - The head of Procter & Gamble Co. - a controversial corporate veteran who tried to shake up the venerable consumer products maker through an aggressive growth strategy - quit abruptly Thursday amid the company's ongoing profit woes.
Durk Jager, who served as CEO of Cin. Note: A resignation Dr letter that gained notoriety is the one sent by Durk Jager when he leftly the board of Chiquita Brands International. Jager, a former CEO of Procter & Gamble Co., sent the letter by email, dated Nov. 19, , which the company disclosed in a securities filing later that month.
Jun 09, · DURK JAGER, the Procter & Gamble chairman and chief executive appointed 18 months ago to reinvigorate the troubled consumer giant, resigned yesterday as the company posted its second profits.
Durk Jager's appointment as chairman, chief executive and president of Procter & Gamble less than 18 months ago was intended to make the company more proactive and faster on its feet Last week, the world's biggest advertiser showed it had certainly learned something about speed and focus, as it asked for Jager's resignation following its third.