Board of Directors
Our Board of Directors is led by Yum! Brands Executive Chairman, David Novak. Among the 13 directors currently on the Board, nine are independent directors (based on New York Stock Exchange rules for director independence). The four non-independent directors are David Novak, Executive Chairman, Yum! Brands, Inc., Greg Creed, Chief Executive Officer, Yum! Brands, Inc., Jing-Shyh S. (Sam) Su, Vice Chairman, Yum! Brands, Inc. and Chairman and Chief Executive Officer, Yum! Restaurants China Division, and Michael J. Cavanagh, Co-President and Co-Chief Operating Officer for the Carlyle Group. To view detailed profiles of our directors, please visit our website at www.yum.com/company/bod.asp.
The Board of Directors has established four committees:
- Audit Committee
- Management Planning and Development Committee
- Nominating and Governance Committee
- Executive/Finance Committee
Only independent directors serve on the Audit, Management Planning and Development, and Nominating and Governance Committees in accordance with our Corporate Governance Principles. The Executive/Finance Committee includes Executive Chairman David Novak, along with independent directors Thomas C. Nelson, Thomas M. Ryan and Robert D. Walter. To view our Board Committee composition, please visit our website at www.yum.com/investors/governance/charters.asp.
To ensure continued strong performance, the Board has instituted an annual self-evaluation process led by the Nominating and Governance Committee. This assessment focuses on the Board's contribution to the Company and emphasizes those areas in which a better contribution could be made. In addition, our Audit, Management Planning and Development and Nominating and Governance Committees conduct similar self-evaluations on an annual basis.
A diverse range of experiences and perspectives among our Directors ensures the success of the Board in overseeing our complex, varied businesses. When recruiting new directors, we look for leaders from different backgrounds that combine a broad spectrum of experience and expertise with a reputation for integrity. For complete selection criteria and policies, please see our Corporate Governance Principles.
We're proud of the diversity of our Board. As of this writing, three women (Mirian M. Graddick-Weir, Bonnie G. Hill and Elane B. Stock) and three minorities (Ms. Graddick-Weir, Ms. Hill, and Jing-Shyh S. (Sam) Su) serve on our Board of Directors. Ms. Graddick-Weir is the Executive Vice-President of Human Resources at Merck & Co., Inc. She has been a Director since 2012. Ms. Hill is President of B. Hill Enterprises, LLC, a consulting company. She has been a Director since 2003. Ms. Stock is Group President of Kimberly-Clark International. She has been a Director since January 2014. Mr. Su, a Taiwanese national and Chinese citizen, serves as Vice Chairman of the Board, Yum! Brands, Inc. and Chairman and Chief Executive Officer, Yum! Restaurants China Division. He has been a Director since 2008. The balance of our Board includes Michael J. Cavanagh, Greg Creed, David W. Dorman, Massimo Ferragamo, Jonathan S. Linen, Thomas C. Nelson, David C. Novak, Thomas M. Ryan and Robert D. Walter.