HSY » Topics » What is corporate governance?

This excerpt taken from the HSY DEF 14A filed Mar 16, 2009.

What is corporate governance?

Corporate governance is the process by which companies govern themselves.

At The Hershey Company, day-to-day business activities are carried out by our employees under the direction and supervision of our Chief Executive Officer, or CEO. The Board of Directors oversees these activities. In doing so, each director is required to use his or her business judgment in the best interests of the Company. The Board’s responsibilities include:

 

   

Review of the Company’s performance, strategies and major decisions;

 

   

Oversight of the Company’s compliance with legal and regulatory requirements and the integrity of its financial statements;

 

   

Oversight of management, including review of the CEO’s performance and succession planning for key management roles; and

 

   

Oversight of compensation for the CEO, key executives and the Board, as well as oversight of compensation policies and programs for all employees.

 

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This excerpt taken from the HSY DEF 14A filed Mar 10, 2008.

What is corporate governance?

Corporate governance is the process by which companies govern themselves.

At The Hershey Company, day-to-day business activities are carried out by our employees under the direction and supervision of our Chief Executive Officer, or CEO. The Board of Directors

9


oversees these activities. In doing so, each director is required to use his or her business judgment in the best interests of the Company. The Board’s responsibilities include:

 

   

Review of the Company’s performance, strategies and major decisions;

 

   

Oversight of the Company’s compliance with legal and regulatory requirements and the integrity of its financial statements;

 

   

Oversight of management, including review of the CEO’s performance and succession planning for key management roles; and

 

   

Oversight of compensation for the CEO, key executives and the Board, as well as oversight of compensation policies and programs for all employees.

This excerpt taken from the HSY DEF 14A filed Mar 16, 2007.

What is corporate governance?

Corporate governance is the process by which companies govern themselves.

At The Hershey Company, day-to-day business activities are carried out by our employees under the direction and supervision of our Chief Executive Officer, or CEO. The Board of Directors oversees these activities. In doing so, each director is required to use his or her business judgment in the best interests of the Company. The Board’s responsibilities include:

 

   

Review of the Company’s performance, strategies and major decisions;

 

   

Oversight of the Company’s compliance with legal and regulatory requirements and the integrity of its financial statements;

 

   

Oversight of management, including review of the CEO’s performance and succession planning for key management roles; and

 

   

Oversight of compensation for the CEO, key executives and the Board, as well as oversight of compensation policies and programs for all employees.

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