Pier 1 2008 Annual Report Download - page 92

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authority of the full board in the management of Pier 1 Imports’ business, except for powers or authority that
may not be delegated to the committee as a matter of law or that are delegated by the board of directors to
another committee.
Nominating and Corporate Governance Committee. The nominating and corporate governance commit-
tee is responsible for considering and making recommendations to the board of directors regarding nominees
for election to the board of directors and the membership of the various board of directors committees. The
committee is also responsible for overseeing the Pier 1 Imports, Inc. Corporate Governance Guidelines
described earlier in this proxy statement plus other corporate governance matters.
Directors Attendance at Board and Committee Meetings and at the Annual Meeting of Shareholders
In fiscal 2008, each director attended at least 75% of the total number of board of directors meetings and
meetings of the board of directors committee or committees on which he or she served and which were held
during the time of his or her service as a director and/or committee member. Although Pier 1 Imports has no
formal policy on the matter, all directors are encouraged to attend Pier 1 Imports’ annual meeting of
shareholders. Last year, all then serving directors (other than Mr. Hoak who was not standing for re-election)
and the nominees for election, Mr. Holland and Ms. Smith, attended Pier 1 Imports’ annual meeting of
shareholders. Committee memberships, the number of meetings of the full board and each committee, and
each director’s dates of service for fiscal 2008 are shown in the table below.
Name
Board of
Directors
Audit
Committee
Compensation
Committee
Executive
Committee
Nominating and
Corporate
Governance
Committee
John H. Burgoyne
03/04/2007 to 03/01/2008 ........ Member
03/04/2007 to 06/28/2007 ........ Member
06/28/2007 to 03/01/2008 ........ Chairman
Michael R. Ferrari
03/04/2007 to 03/01/2008 ........ Member Member Chairman
James M. Hoak, Jr.(1)
03/04/2007 to 06/28/2007 ........ Member Chairman Member Member
Robert B. Holland, III
06/28/2007 to 03/01/2008 ........ Member Member
Karen W. Katz
03/04/2007 to 03/01/2008 ........ Member
03/04/2007 to 06/28/2007 ........ Member
06/28/2007 to 03/01/2008 ........ Member Member
Terry E. London
03/04/2007 to 03/01/2008 ........ Member Chairman
Alexander W. Smith
03/04/2007 to 03/01/2008 ........ Member Member
Cece Smith
06/28/2007 to 03/01/2008 ........ Member Member Member
Tom M. Thomas
03/04/2007 to 03/01/2008 ........ Chairman Chairman Member
Number of Meetings in Fiscal 2008 . . . 5 11 6 0 3
(1) Mr. Hoak announced to Pier 1 Imports’ nominating and corporate governance committee on March 21,
2007 his intention not to stand for re-election to the board of directors at the 2007 annual meeting of
shareholders. He cited his reasons as pursuit of other business and personal matters and not because of any
disagreement on any matter relating to Pier 1 Imports’ operations, policies or practices.
11