Meredith's Board of Directors has four standing committees who meet regularly to discuss and decide key issues that affect the company and its operations. The committees and their responsibilities include:

Audit Committee

(Composed entirely of independent directors)

  • Review the scope of all audits to be performed by outside auditors.
  • Review the results of the annual audit prior to publication in the annual report.
  • Meet with Director of Internal Audit to determine its responsibilities.
  • Review compliance with Corporate Code of Business Conduct.
  • Provide additional guidance and assistance to make sure financial reports are complete and accurate.
Compensation Committee
  • Review and approve corporate officer compensation.
  • Review and approve corporate salary administration plans and programs.
  • Review all employee benefit plans.
  • Review annually the performance of the CEO.
Nominating/Governance Committee
  • Serve as nominating committee to recommend new members to the Board.
  • Reviews committee structure.
  • Leads annual Board self-evaluation.
  • Reviews corporate governance guidelines.
Finance Committee
  • Review and approve corporate financial policies and procedures.
  • Provide financial advice and counsel to management.
  • Formulate the dividend policy and make recommendations to the Board.
  • Supervise corporate investment portfolios.
  • Review specific financing plans.
  • Consider and approve significant capital requests brought forth by management (for instance, new building projects).
  • Review and approve operating budgets.
  • Review and approve pension plans and performance of funds.
  • Monitor pension plan administration and benefit levels.
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