This excerpt taken from the PBG DEF 14A filed Mar 31, 2006.
Director Independence. In January 2005, the Board adopted a revised Director Independence Policy to determine the independence of each member of the Board in accordance with the revised NYSE corporate governance rules and applicable SEC rules. Each Director affirmatively determined by the Board to have met the standards set forth in the PBG Director Independence Policy is referred to herein as an Independent Director. The PBG Director Independence Policy is attached as Appendix A to this Proxy Statement and is posted on the PBG website at http://www.pbg.com under Investor Relations-Company Information-Corporate Governance. The Board has determined that the following Board members are Independent Directors: Linda G. Alvarado, Barry H. Beracha, Ira D. Hall, Thomas H. Kean, Susan D. Kronick, Blythe J. McGarvie and John A. Quelch.
All members of the Audit and Affiliated Transactions Committee, Nominating and Corporate Governance Committee and Compensation and Management Development Committee are Independent Directors.