Corporate affairs:

Board of Directors:

• The company is run by a board of directors made up of mostly company outsiders, as is customary for publicly traded companies. Members of the board of directors as of January 2016 are John W. Thompson, Bill Gates, Teri L. List-Stoll,Mason Morfit, Satya Nadella, Charles Noski, Helmut Panke, Sandi Peterson, Charles W. Scharf, John W. Stanton, andPadmasree Warrior.

• Board members are elected every year at the annual shareholders' meeting using a majority vote system. There are five committees within the board which oversee more specific matters. These committees include the Audit Committee, which handles accounting issues with the company including auditing and reporting; the Compensation Committee, which approves compensation for the CEO and other employees of the company;

•  the Finance Committee, which handles financial matters such as proposing mergers and acquisitions; the Governance and Nominating Committee, which handles various corporate matters including nomination of the board; and the Antitrust Compliance Committee, which attempts to prevent company practices from violating antitrust laws.