Strong Corporate Governance is Essential

For publicly-held companies like Kraft Foods, good governance attributes include:

• Disclosure of the board's processes
• Independence of a majority of the directors
• Respect for shareholder rights
• Compliance with legislation and regulations

Kraft Foods' Board of Directors believes that effective corporate governance principles and practices, together with the company’s Articles of Incorporation (PDF), By-laws (PDF), Code of Business Conduct and Ethics for Directors (PDF) and Corporate Governance Guidelines (PDF), provide a strong framework to assist them in upholding their fiduciary responsibilities to shareholders and promoting the long-term success of the company.