|FIRST DATA CORP filed this Form DEF 14A on 03/15/2017|
The Audit Committee Charter can be viewed on our website at www.firstdata.com under Investors and Corporate Governance.
The Audit Committee Charter prohibits any member of the Audit Committee from serving on the audit committees of more than two other public companies unless the Board determines that such simultaneous service would not impair the ability of the director to effectively serve on the Committee
The Audit Committee report begins on page 51.
Governance, Compensation and Nominations Committee
Members: Joe W. Forehand, Henry R. Kravis, Scott C. Nuttall (Chairperson), and Joseph J. Plumeri. Mr. Plumeri joined the Committee on May 11, 2016.
Meetings Held in 2016: 6
The Governance, Compensation and Nominations Committee: (1) oversees First Datas compensation and benefits plans generally, (2) evaluates and sets compensation for our CEO and other members of the management committee, (3) produces the annual report on executive compensation included in this Proxy Statement, (4) identifies individuals qualified to become members of the Board and recommend to the Board nominees for election as directors at each annual meeting of shareholders and to fill vacancies or newly created directorships on the Board that may occur between such meetings, (5) recommends to the Board directors for appointment to Board committees, (6) evaluates and recommends compensation for our directors, (7) develops and recommends to the Board corporate governance guidelines, and (8) oversees the evaluation of the Board and its committees and management.
At this time, there are no independent directors on the Governance, Compensation and Nominations Committee. When First Data is no longer is a controlled company within the meaning of the NYSE listing standards, all of the Committees members will be independent as defined under the NYSE listing standards within the time period permitted for such a transition by the NYSE listing standards.
The Governance, Compensation and Nominations Committee Charter can be viewed on our website at www.firstdata.com under Investors and Corporate Governance.
The Governance, Compensation and Nominations Committee report begins on page 36.
Members: Heidi G. Miller (Chairperson) and James E. Nevels
Meetings Held in 2016: 5