The Compensation Committee is responsible for overseeing the company’s executive compensation, including determining the compensation of the Chief Executive Officer, producing an annual Human Resources and Compensation Committee report on executive compensation to be included in the company’s proxy statement in accordance with applicable Securities and Exchange Commission rules and regulations, and reviewing the succession plans for the Chief Executive Officer and other senior executives. Among its responsibilities are to:
The Board determined that all Compensation Committee members are independent within the meaning of the Nasdaq listing standards, including the heightened independence criteria for Compensation Committee members. All are “non-employee” directors under SEC rules and outsider directors under the Internal Revenue Code of 1986, as amended. None of the Compensation Committee’s members is or was:
All members of the Compensation Committee are also considered independent under our heightened independence standard that Compensation Committee members may not be a partner, member or principal of a law firm, accounting firm or investment banking firm that accepts consulting or advisory fees from Mondelēz International or any of its subsidiaries.
Click here to view the Human Resources and Compensation Committee Charter.
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