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This excerpt taken from the GIS DEF 14A filed Aug 10, 2009. CORPORATE
GOVERNANCE
We have a long-standing commitment to good corporate governance
practices. These practices provide an important framework within
which our board of directors and management can pursue the
strategic objectives of General Mills and ensure the
company’s long-term vitality for the benefit of
stockholders. The cornerstone of our practices is an independent
and qualified board of directors. All directors are elected
annually by a majority of votes cast by stockholders, and all
board committees are composed entirely of independent directors.
The board carefully evaluates each incoming director candidate
based on selection criteria and overall priorities for board
composition that are periodically re-examined by the corporate
governance committee with input from the rest of the directors.
As our directors’ commitments change, the board revisits
their situations to ensure that they can continue to serve the
best interests of the company and its stockholders. We also
demand high standards of ethics from our directors and
management as described in the director and employee codes of
conduct.
Our governance principles are published on our website at
www.generalmills.com in the “Investors” section
and are available in print to any stockholder who requests a
copy from our Corporate Secretary. We have included some
highlights from those principles below:
This excerpt taken from the GIS DEF 14A filed Aug 12, 2008. CORPORATE
GOVERNANCE
General Mills has a long-standing commitment to good corporate
governance practices. These practices provide an important
framework within which our board of directors and management can
pursue the strategic objectives of General Mills and ensure the
company’s long-term vitality for the benefit of
stockholders. Our corporate governance principles and practices
have evolved over many years. The corporate governance committee
reviews them annually, and changes are recommended to the board
for approval as appropriate. The unchanging, fundamental premise
of these principles, however, is the independent nature of the
board and its overarching responsibility to our stockholders.
Our governance principles are published on our website at
www.generalmills.com in the “Investors” section
and are available in print to any stockholder who requests a
copy from our Corporate Secretary.
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