Irene Rosenfeld is Chairman and Chief Executive Officer of Kraft Foods Inc.
Our directors provide input to guide the long-term success of the company while fulfilling their fiduciary duty to our shareholders. The board, in accordance with the Corporate Governance Guidelines (PDF), has responsibility for establishing broad corporate policies and overseeing our management team, which has responsibility for the day-to-day operations of the company. The board members are kept informed about the company's businesses and challenges through a variety of means, including operational and financial reports, and discussions with management and others at board and committee meetings.
Kraft Foods' Code of Business Conduct and Ethics for Directors (PDF) outlines policies regarding matters such as conflicts of interest and legal compliance.
The independent directors meet in regularly scheduled sessions without any members of management present. The Lead Director presides over these executive sessions.
Five Board Committees: Audit, Human Resources and Compensation, Finance, Nominating and Governance, and Public Affairs
The Kraft Foods' board has five standing committees: Audit, Human Resources and Compensation, Finance, Nominating and Governance, and Public Affairs. The membership of each of these committees consists entirely of directors who are independent under New York Stock Exchange listing standards. The board designates the chairs and members of these committees. The responsibilities of each committee are detailed in the committee charters.
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