Symantec 2008 Annual Report Download - page 22
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Please find page 22 of the 2008 Symantec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Functions: To review and recommend to the independent directors of our Board
all compensation arrangements for our Chief Executive Officer;
To review and approve all compensation arrangements for our other
executive officers;
To review the overall strategy for employee compensation;
To administer our equity incentive plans;
To review and recommend to the Board compensation for non-
employee members of the Board;
To review and discuss with management the company’s disclosures
under the caption “Compensation Discussion and Analysis” for use in
our proxy statements and reports filed with the SEC; and
To produce an annual report on executive compensation for use in our
proxy statement.
The Compensation Committee retains Mercer, an outside consulting firm, to provide advice and ongoing
recommendations on executive compensation matters. The Compensation Committee consulted with Mercer on
certain executive compensation matters during fiscal year 2008. As the Compensation Committee requested and to
assist the Compensation Committee as it made decisions with respect to compensation matters, Mercer provided
certain qualitative and quantitative information regarding compensatory practices in the market for executive talent,
analyzed existing Symantec executive compensation arrangements, and was available to the Committee to provide
technical and other information it requested in connection with performing its function throughout the fiscal year.
Mercer’s role during fiscal year 2008 is further discussed in the Compensation Discussion & Analysis section
(beginning on page 42).
Nominating and Governance Committee
Members: Michael A. Brown (Chair)
Frank E. Dangeard
Robert S. Miller
Daniel H. Schulman
V. Paul Unruh
Number of Meetings in Fiscal Year 2008: 4
Independence: Each member is an independent director as defined by current
NASDAQ listing standards.
Functions: To identify, consider and nominate candidates for membership on our
Board;
To develop, recommend and evaluate corporate governance standards
and a code of business conduct and ethics applicable to our company;
To implement and oversee a process for evaluating our Board, Board
committees (including the Nominating and Governance Committee)
and oversee our Board’s evaluation of our Chief Executive Officer;
To make recommendations regarding the structure and composition of
our Board and Board committees; and
To advise the Board on corporate governance matters.
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