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This excerpt taken from the GIS DEF 14A filed Aug 14, 2007. Auditor Services Pre-approval Policy.
The Audit Committee has a formal policy concerning approval of all
services to be provided by KPMG LLP, including audit, audit-related, tax and other
services. The policy requires that all services KPMG LLP may provide to us be pre-approved
by the Audit Committee. The Chair of
20 the Audit Committee has the authority to pre-approve permitted services that require action between regular Audit Committee meetings, provided the Chair reports to the full Audit Committee at the next regular meeting. Certain permitted non-audit services, excluding certain designated audit-related and tax services, are limited to $1,000,000 in the aggregate during any fiscal year. The Audit Committee approved all services provided by KPMG LLP during fiscal 2006 and 2007.
PROPOSAL NUMBER 2 The Board of Directors is submitting the selection of KPMG LLP to serve as our independent registered public accounting firm for fiscal 2008 for ratification in order to ascertain the views of our stockholders on this selection. Proxies solicited by the Board of Directors will, unless otherwise directed, be voted to ratify the appointment by the Audit Committee of KPMG LLP as our independent registered public accounting firm for the fiscal year ending May 25, 2008. If stockholders do not ratify the appointment of KPMG LLP, the Audit Committee will reconsider its selection, but it retains sole responsibility for appointing and terminating our independent registered public accounting firm. Representatives from KPMG LLP will attend the Annual Meeting and will have the opportunity to make a statement and answer questions. |
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