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width:401px; height:19px; padding:0px; background-image:url(/web/20110104185039im_/http://www.timewarner.com/corp/images/misc_blue_bar2.gif); text-align:right;"> <table align="right" cellpadding="0" cellspacing="0" border="0"> <tr> <td style="padding:3px 3px 2px 0px;"><img alt="" border="0" height="13" width="11" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/icn_print.gif"></td><td nowrap="nowrap" style="padding:3px 5px 3px 0px;"><a style="color:#ffffff; font-size:10px;" target="_new" href="governance_committees_pf.html">Printer-Friendly Page</a></td> </tr> </table> </div> <div style="display:block; width:400px; margin:10px 0px 10px 0px"> <img alt="Corporate Governance" border="0" vspace="0" hspace="0" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/corp_governance/governance_committees.page/header.gif"></div> <img style="margin:0px 0px 10px 0px" height="1" width="400" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/grey1x1.gif"><div style="width:385px; margin:0px 0px 0px 15px;"> <div class="title">Chairman of the Board </div> <p>The Chairman of the Board of Directors is Jeffrey L. Bewkes. As Chairman, Mr. Bewkes has responsibility for overseeing Board-related matters, in consultation with the Lead Independent Director; and presiding at the annual meeting of stockholders. </p> <div class="title">Lead Independent Director </div> <p>In May 2010, the independent Directors of the Board reappointed Frank J. Caufield as Lead Independent Director, a position he has held since May 2006. Under the company's Corporate Governance Policy, the Lead Independent Director has a number of responsibilities, including presiding at executive sessions of the Board, acting as liaison between the Chairman and the other Directors, advising the Chairman of the Board with respect to the schedule, agenda, and information for Board meetings; advising the Chairman with respect to consultants whom the Board may retain, and being available, as appropriate, to communicate with the company's stockholders. A full description of the Lead Independent Director's responsibilities is set forth in the Corporate Governance Policy. </p> <div class="title">Board Leadership Structure</div> <p>One of the important responsibilities of the Time Warner Board of Directors is to determine the appropriate leadership structure for the Board, which will help to ensure the effective, independent oversight of management on behalf of the company’s stockholders. In January 2009, the Board approved a Policy on Determining the Leadership Structure of the Board of Directors, setting forth the processes and criteria for the Board to use in determining the appropriate leadership structure for the Board. To view the full Policy, click here:</p> <table cellpadding="0" cellspacing="0" border="0"> <tr> <td></td> </tr> <tr> <td> <a href="pdf/Policy_on_Determining_Leadership_Structure.pdf">Policy on Determining the Leadership Structure of the Board of Directors <img alt="Policy on Determining the Leadership Structure of the Board of Directors " border="0" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/icn_pdf.gif"></a> </td> </tr> </table> <br> <p>The Board approved the current leadership structure in January 2010, at which time it determined that the current structure, with one individual serving as Lead Independent Director, and another serving as the company's Chairman and CEO, is effective and appropriate. To read a report on the Board’s decision regarding the current leadership structure, please click here:</p> <table cellpadding="0" cellspacing="0" border="0"> <tr> <td></td> </tr> <tr> <td> <a href="pdf/Report_on_Determination_of_Board_Leadership_Structure.pdf">Report on Determination of Current Board Leadership Structure <img alt="Report on Determination of Current Board Leadership Structure " border="0" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/icn_pdf.gif"></a> </td> </tr> </table> <br> <div class="title">Board and Committee Structure and Membership</div> <p>The Board of Directors has three standing committees: the Audit and Finance Committee, the Compensation and Human Development Committee, and the Nominating and Governance Committee. Each committee is composed entirely of independent Directors.</p> <div class="title">Audit and Finance</div> <p> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/wright_deborah.html">Deborah C. Wright</a> – Chair<br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/bollenbach_stephen.html">Stephen F. Bollenbach</a> <br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/clark_robert.html">Robert C. Clark</a> <br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/einhorn_jessica.html">Jessica P. Einhorn</a> <br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/hassan_fred.html">Fred Hassan</a> <br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/wachter_paul.html">Paul D. Wachter</a> <br> </p> <div class="title">Compensation and Human Development</div> <p> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/bollenbach_stephen.html">Stephen F. Bollenbach</a> – Chair<br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/barr_william.html">William P. Barr </a> <br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/caufield_frank.html">Frank J. Caufield</a> <br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/dopfner_mathias.html">Mathias Döpfner</a> <br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/miles_michael.html">Michael A. Miles</a> <br> </p> <div class="title">Nominating and Governance</div> <p> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/clark_robert.html">Robert C. Clark</a> – Chair<br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/barksdale_james.html">James L. Barksdale </a> <br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/caufield_frank.html">Frank J. Caufield</a> <br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/einhorn_jessica.html">Jessica P. Einhorn</a> <br> <a href="/web/20110104185039/http://www.timewarner.com/corp/corp_governance/board_directors/bio/novack_kenneth.html">Kenneth J. Novack</a> <br> </p> </div> </td><td width="5"><img alt="" border="0" vspace="0" hspace="0" height="1" width="5" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/spacer.gif"></td><td width="193" class="rightNav" valign="top"> <div class="rnImg"> <img src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/leading.gif" alt="" border="0"></div> <p>Strong executive leadership ensures we stay at the forefront of the industry.</p> <p> <a href="/web/20110104185039/http://www.timewarner.com/corp/management/executives_by_business/index.html"> Read More <img src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/misc_arrow.gif" alt="" border="0"> </a> </p> <br> </td> </tr> </table> <table id="rightNav" cellspacing="0" cellpadding="0" border="0" width="740"> <tr> <td class="rightNav"><img border="0" height="1" width="190" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/spacer.gif"></td><td style="padding-bottom: 5px" colspan="5" class="rightNav"><img border="0" height="1" width="385" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/spacer.gif"></td><td class="rightNav"><img border="0" height="1" width="160" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/spacer.gif"></td> </tr> </table> <table id="footer" cellspacing="0" cellpadding="0" border="0" width="740"> <tr> <td style="padding-bottom: 5px" colspan="5" align="right"> last updated: December 16, 2010</td> </tr> <tr> <td colspan="5"><img style="margin-bottom:4px;" alt="" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/misc_gradbar.gif"></td> </tr> </table> <table align="left" id="footer" cellspacing="0" cellpadding="0" border="0"> <tr> <td style="padding:2px 3px 0px 15px"><a onmouseout="ro.setOff('one')" onmouseover="ro.setOn('one')" href="/web/20110104185039/http://www.timewarner.com/corp/legal_and_privacy.html"><img onload="ro.add(this)" border="0" alt="" name="one" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/misc_arrow2.gif"></a></td><td nowrap="nowrap"><a onmouseout="ro.setOff('one')" onmouseover="ro.setOn('one')" href="/web/20110104185039/http://www.timewarner.com/corp/legal_and_privacy.html">legal & privacy</a></td><td style="padding:2px 3px 0px 8px"><a onmouseout="ro.setOff('three')" onmouseover="ro.setOn('three')" href="/web/20110104185039/http://www.timewarner.com/corp/caution.html"><img onload="ro.add(this)" name="three" alt="" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/misc_arrow2.gif"></a></td><td nowrap="nowrap"><a onmouseout="ro.setOff('three')" onmouseover="ro.setOn('three')" href="/web/20110104185039/http://www.timewarner.com/corp/caution.html">caution concerning forward-looking statements</a></td><td style="padding-left:5px; font-size:10px;" align="right" nowrap="nowrap"><img alt="" src="https://web.archive.org/web/20110104185039im_/http://img.timeinc.net/corp/images/misc_bar2.gif">© Time Warner 2010. 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