Effective as of March 2016

Corporate Governance Information September 2013 August 2014 October 2015 March 2016 October 2016
Size of Board of Directors 11 12 12 12  13
Majority Vote for Election of Directors Yes Yes Yes Yes  Yes
Annual Director Elections Yes Yes Yes Yes  Yes
Number of Independent Directors 10 10 11 11  12
Committee Members All Independent:  
a. Audit Committee Yes Yes Yes Yes  Yes
b. Leadership Development and Compensation Committee Yes Yes Yes Yes  Yes
c. Nominating and Corporate Governance Committee Yes Yes Yes Yes  Yes
d. Finance Committee* Yes Yes Yes Yes  Yes 
Lead Director Yes Yes Yes Yes  Yes
Corporate Governance Guidelines Yes Yes Yes Yes  Yes
Outside Directors Hold Meetings Without Management Yes Yes Yes Yes  Yes
Annual Board Self-Evaluation Required Yes Yes Yes Yes  Yes
Annual Review of Board Independence Yes Yes Yes Yes  Yes
Committee Self-Evaluations Required Yes Yes Yes Yes  Yes
Policy for the Retention of Independent Auditors Yes Yes Yes Yes  Yes
Independent Compensation Consultant Policy Yes Yes Yes Yes  Yes
Executive Compensation Clawback Policy Yes Yes Yes Yes  Yes
Anti-Hedging Policy for All Employees and Directors Yes Yes Yes Yes  Yes
Annual “Say on Pay” Votes on Executive Compensation Yes Yes Yes Yes  Yes
Management Succession Policy Yes Yes Yes Yes  Yes
Committee Charters Required Yes Yes Yes Yes  Yes
Board Orientation/Education Program Yes Yes Yes Yes  Yes
Store Walks by Directors Yes Yes Yes Yes  Yes
Corporate Compliance Program Yes Yes Yes Yes  Yes
Disclosure Committee Yes Yes Yes Yes  Yes
Business Code of Conduct and Ethics Yes Yes Yes Yes  Yes
Shareholder Ability to Call Special Meetings Yes Yes Yes Yes  Yes
Shareholder Ability to Act by Written Consent Yes Yes Yes Yes  Yes
Shareholder Right of Proxy Access No No No Yes  Yes

*Infrastructure Committee prior to May 2012