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’s 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.

Four Board Committees: Audit, Compensation, Nominating and Governance

The Kraft board has four standing committees: Audit, Compensation, 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.

Member

	Audit Committee	Compensation Committee	Public Affairs Committee	Nominating & Governance Committee
Irene B. Rosenfeld
Ajay Banga		Chair
Jan Bennink
Myra M. Hart
Lois D. Juliber
Mark D. Ketchum
Dr. Richard A. Lerner
John C. Pope	Chair *
Fredric G. Reynolds	*
Mary L. Schapiro Lead Director				Chair
Deborah C. Wright			Chair
Frank G. Zarb