Pier 1 2010 Annual Report Download - page 99

Pier 1 Imports’ corporate headquarters is accessible to disabled persons and, upon request, we will provide
wireless headsets for hearing amplification. Sign interpretation also will be provided upon request. To request either
of these accommodations, please contact our Investor Relations Department on or before June 15, 2010. You may
make your request by mail to Pier 1 Imports, Inc., Attn.: Investor Relations Department, 100 Pier 1 Place, Fort
Worth, Texas 76102 or by telephone at [phone] or toll-free at [phone].
No cameras, recording equipment, electronic devices, large bags, briefcases or packages will be permitted in
the annual meeting. If you have any further questions about attending the meeting, please call our Investor Relations
Department at [phone] or toll-free at [phone].
Will the annual meeting be webcast?
Our annual meeting also will be webcast live on the date and time of the meeting. You are invited to visit
www.pier1.com by linking through the “Investor Relations” page and then “Events” page at 10:00 a.m., local time,
on June 29, 2010, to access the webcast of the annual meeting.
MATTERS RELATING TO CORPORATE GOVERNANCE, BOARD STRUCTURE,
DIRECTOR COMPENSATION AND STOCK OWNERSHIP
Corporate Governance
The board of directors believes that good corporate governance is a prerequisite to achieving business success.
Pier 1 Imports’ board of directors has adopted written corporate governance guidelines, policies and procedures
designed to strengthen Pier 1 Imports’ corporate governance. Among other things, the guidelines contain standards
for determining whether a director is independent, a code of business conduct and ethics applicable to all of Pier 1
Imports’ directors, officers and employees, including our chief executive officer, chief financial officer and
principal accounting officer, and charters for each of the board of directors’ committees. The nominating and
corporate governance committee is responsible for overseeing and reviewing the guidelines at least annually, and
recommending any proposed changes to the full board for its approval. The Pier 1 Imports, Inc. Corporate
Governance Guidelines, Code of Business Conduct and Ethics, Ethics Compliance Policies and Procedures and
charters for the audit, compensation, and nominating and corporate governance committees are available on Pier 1
Imports’ web site at www.pier1.com at the Investor Relations – Corporate Governance link.
Board Leadership Structure
Pier 1 Imports’ bylaws require that the directors elect annually from among themselves a chairman of the
board. The bylaws, however, grant the board of directors discretion as to whether the chairman of the board is an
employee or an officer of Pier 1 Imports. A non-officer, non-employee elected as chairman of the board is
designated as the “non-executive” chairman of the board. Pier 1 Imports’ corporate governance guidelines, policies
and procedures contain general guidance that the positions of chairman of the board and chief executive officer
should be held by separate individuals and that the chairman of the board should be a “non-executive.” Provisions
are made in the guidelines, policies and procedures for an independent lead director if the roles of chairman of the
board and chief executive officer are combined.
During the fiscal year the chairman of the board and chief executive officer roles were held by separate
individuals and the chairman of the board was a “non-executive” since he was neither an employee nor an officer of
Pier 1 Imports. Currently, the chairman of the board is a non-executive. This structure of separate individuals
holding these positions focuses board leadership and company leadership in separate and distinct individuals. Each
leader can direct their respective group on the objectives at hand while at the same time developing and
implementing strategic issues, financial issues and operational policies which affect the short- and long-term welfare
of Pier 1 Imports.
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