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This excerpt taken from the AN DEF 14A filed Apr 28, 2006. Term
Limits
The Board does not believe it should limit the number of terms
for which an individual may serve as a Director. Directors who
have served on the Board for an extended period of time are able
to provide valuable insight into the operations and future of
the Company based on their experience with and understanding of
the Company’s history, policies and objectives. As an
alternative to term limits, the Nominating Subcommittee, in
conjunction with the
AutoNation, Inc.
Corporate
Governance Guidelines
Table of Contents
Chairman, will formally review each Director’s continuation
on the Board every five years. This will also allow each
Director the opportunity to conveniently confirm his or her
desire to continue as a member of the Board.
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