This excerpt taken from the ARW DEF 14A filed Apr 5, 2007.
REPORT OF THE COMPENSATION COMMITTEE
The substantive discussion of the material elements of all of the companys executive compensation programs and the determinations by the committee with respect to compensation and executive performance for 2006 are contained in the Compensation Discussion and Analysis that follows this report. The committee has reviewed the Compensation Discussion and Analysis with the management representatives responsible for its preparation and their compensation consultants. In reliance on these reviews and discussions, the compensation committee recommended to the Board that the Compensation Discussion and Analysis be included in the Definitive Proxy Statement on Schedule 14A for the fiscal year ended December 31, 2006 for filing with the SEC and be incorporated by reference in the companys Annual Report on Form 10-K for 2006.
Barry W. Perry, Chairman
Daniel W. Duval
M.F. (Fran) Keeth
Karen Gordon Mills