We believe that strong corporate governance goes hand in hand with good management. In turn, a better managed company delivers better business results, and ultimately, greater shareholder value. For us, good governance begins with a strong and dedicated board of directors with an independent perspective on the business and oversight of company management.
As of December 2010, our board had ten directors, nine of whom are independent, including one lead independent director. At each board meeting, time is set aside for independent directors to meet in executive session. In addition, only independent directors sit on board committees. To read more about our board composition and how we define independence please click here.
The board’s Governance and Nominating Committee oversees the company’s corporate governance practices.
We invite anyone to communicate governance concerns directly to the board by emailing: board@gap.com. All emails are reviewed by our board chair, the board’s lead independent director and our corporate secretary’s office.
Read more about our governance practices.