This excerpt taken from the STJ DEF 14A filed Apr 2, 2007.
St. Jude Medicals business, property and affairs are managed under the direction of the Board of Directors. Members of the Board are kept informed of the Companys business through discussion with the Chief Executive Officer and other officers, by reviewing materials provided to them and by participating in meetings of the Board and its Committees.
During 2006, the Board held six meetings. Each Director attended at least 75% of all meetings of the Board and of the Committees on which the Director served, except for Wendy Yarno.
The non-management members of the Board also meet at scheduled executive sessions at least twice a year. The Chairperson of the Governance and Nominating Committee serves as the Presiding Director for these meetings.