McDonalds 2007 Annual Report Download - page 22

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20
Dear fellow shareholders,
Your Board of Directors is also responsible for maintaining
McDonald’s strong corporate governance principles and providing
effective management oversight. To that end, I am proud to represent
a team of directors whose diversity of experience, thought, and
opinion brings independent and knowledgeable perspectives to our
deliberations. We are, however, united in our commitment to ensure
that McDonald’s strives to enhance shareholder value.
On behalf of the Board, I want to acknowledge Ed Brennan, who
served with distinction until his death at the end of last year. Ed led by
example, never wavering from his strong personal values, integrity or
loyalty. We will miss his counsel, and express our sympathies to his
entire family for the loss of our friend and associate.
In January, we elected Ralph Alvarez, McDonald’s President and
Chief Operating Officer, to our Board. Ralph’s unique business
perspectives and in-depth knowledge of the global restaurant
industry make him a highly valued addition.
It is our honor to serve you. We are confident that McDonald’s will
continue to grow and prosper well into the future.
Very truly yours,
Andy McKenna
Chairman
Board of Directors
Hall Adams, Jr. 3, 4
Ralph Alvarez
Robert Eckert 1, 2, 5
Enrique Hernandez, Jr. 2, 3, 5
Jeanne Jackson 1, 6
Richard Lenny 1, 6
Walter Massey 3, 4
Andrew McKenna, Chairman 2, 5, 6
Cary McMillan 3, 6
Sheila Penrose 3, 4
John Rogers, Jr. 1, 4
James Skinner 5
Roger Stone 2, 3, 6
Fred Turner Honorary Chairman
1 Compensation Committee
2 Governance Committee
3 Audit Committee
4 Corporate Responsibility Committee
5 Executive Committee
6 Finance Committee
Your Board of Directors is pleased to report that
McDonald’s enjoyed another strong year satisfying our
customers around the world. As we acknowledge in these
pages, we continued to execute our Plan to Win in 2007,
as evidenced by our record results.
We believe that your senior management team, led by Jim
Skinner, Vice Chairman and CEO, is maintaining focus in every
area of the world. We are pleased to note that our management
strength was underscored by Jim’s recognition as “CEO of the
Year” by both Marketwatch and Institutional Investor, and as the
“Executive of the Year” by Restaurants and Institutions magazine.
As shareholder representatives, our job is to constantly be
mindful of our responsibility to you through oversight of the
company’s plans and performance. Thus, I can report to you
that we are confident McDonald’s maintains a clear strategic
vision for the business well into the future and that the company
is executing its plans with dedication and enthusiasm.
There are three key factors that underlie our continuing
performance. These include management’s attention to
decisions that enhance our long-term profitable growth, a
constant attention to talent management and leadership
development within our ranks, and an ongoing commitment
to supporting balanced, active lifestyles. This focus continues
to establish McDonald’s ongoing industry leadership. Our
business is strong and our future holds promise.