Symantec 2014 Annual Report Download - page 12
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O
UR
C
ORPORATE
G
OVERNANCE
F
ACTS
Current size of Board 9
Current number of Independent Directors 8
Board Committees Consist Entirely of Independent Directors Yes
All Directors Attended at least 75% of Meetings Held Yes
Annual Election of All Directors Yes
Majority Voting for Directors Yes
Separate Chairman and CEO Yes
Chairman is Independent Director Yes
Independent Directors Meet Regularly in Executive Session Yes
Annual Board and Committee Self-Evaluations Yes
Risk Oversight by Full Board and Committees Yes
Stockholder Ability to Call Special Meetings (15% threshold) Yes
Stockholder Ability to Act by Written Consent Yes
Non-stockholder Approved Poison Pill No
Annual Advisory Vote on Executive Compensation Yes
Prohibit Short-selling, Hedging and Pledging Symantec Securities Yes
Stock Ownership Requirements for Directors and Executive Officers Yes
O
UR
E
XECUTIVE
C
OMPENSATION
P
HILOSOPHY AND
P
RACTICES
The overriding principle driving our compensation programs continues to be our belief that it benefits our
employees, customers, partners and stockholders to have management’s compensation tied to our current and
long-term performance. The following factors demonstrate our continued and heightened commitment to pay-
for-performance and to corporate governance best practices:
O
UR
C
OMPENSATION
G
OVERNANCE
F
ACTS
What We Do: What We Do Not Do:
We reward outstanding performance that meets our
performance goals. We do not payout performance-based cash or equity
awards for unmet performance goals.
We cap payouts under our plans to discourage excessive or
inappropriate risk taking by our NEOs. Our compensation plans do not have minimum guaranteed
payout levels.
We have a representative and relevant peer group. We do not permit short-sales, hedging or pledging of our
stock.
We have long-standing stock ownership guidelines for our
executives, which includes stock holding requirements until
threshold has been met.
We do not provide tax gross-ups under §4999 of IRC for
our NEOs.
Our compensation plans contain clawback provisions. We do not provide material perquisites.
We have double-trigger change in control provisions. We do not permit repricing underwater stock options
without stockholder approval.
We limit any potential severance payments to well under 3x
our NEOs’ total target cash compensation.
Our Compensation Committee retains an independent
compensation consultant.
We hold an annual advisory vote on executive
compensation.
We seek feedback on executive compensation through
stockholder engagement.
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