Corporate Governance

The Palm, Inc. Board of Directors and management believe that sound principles of corporate governance are critical to obtaining and retaining the trust and respect of stockholders, employees, other stakeholders and the public. The Palm, Inc. board serves at the discretion of Palm, Inc. stockholders and works to represent their interests by enhancing business strategies and practices for the creation of long term stockholder value.

This website is intended to provide you with important information about our commitment to sound corporate governance policies and practices. These policies provide a framework to ensure our company is managed with integrity and high professional standards, consistent with our stockholders' best interests and the requirements of the law.

Governance Summary

• Our board consists of three standing committees: Audit Committee, Compensation Committee and the Nominating and Governance Committee;
• A majority of our board members are independent of the company and its management;
• The Audit Committee of our board has established policies consistent with the newly enacted corporate reform laws for auditor independence;
• Deloitte & Touche LLP, our independent auditors, report directly to the Audit Committee;
• The independent members of the board meet regularly without the presence of management;
• The charters of our board committees clearly establish their respective roles and responsibilities;
• The company has a clear code of ethics and all employees must affirm their acceptance of this code. The code of ethics includes a conflict of interest policy to ensure that key corporate decisions are made by individuals who do not have a financial interest in the outcome separate from their interest as company officials;
• We actively monitor compliance with the law and our global financial policies and practices over critical areas. These areas include internal controls, financial accounting and reporting, fiduciary accountability and safeguarding of our corporate assets.