Board of Directors
Board of Directors
The Board is responsible for establishing broad corporate policies, setting strategic direction, and overseeing management, which is responsible for Altria’s day-to-day operations. In fulfilling this role, each director exercises his or her good faith business judgment in the best interests of the company.
The Board holds regular meetings typically in January, February, May, August, October and December and special meetings when necessary. The organizational meeting follows the Annual Meeting of Shareholders.
Independence of Directors
The Board is comprised of a substantial majority of directors that meet the independence requirements under New York Stock Exchange listing standards.
The Board has affirmatively determined that: Ian L.T. Clarke, Marjorie M. Connelly, R. Matt Davis, Debra J. Kelly-Ennis, Kathryn B. McQuade, George Muñoz, Virginia E. Shanks, Richard S. Stoddart, Ellen R. Strahlman and M. Max Yzaguirre are independent because each has no material relationship with the company. To assist it in making these determinations, the Board has adopted categorical standards of director independence.
