General Motors Company
General Motors Company
General Motors Company
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Table of Contents<br />
Notice of Annual Meeting ............................................................. Cover<br />
Questions and Answers about Voting and the Annual Meeting .............................. 1<br />
Item No. 1 — Nomination and Election of Directors ........................................ 5<br />
Information about Nominees for Director ............................................... 6<br />
Corporate Governance ................................................................ 11<br />
Corporate Governance Guidelines .................................................... 11<br />
Board Leadership Structure .......................................................... 11<br />
Board’s Role in Risk Oversight ....................................................... 12<br />
Selection of Nominees for Election to the Board ......................................... 13<br />
Board Meetings and Attendance ...................................................... 14<br />
Size of the Board .................................................................. 14<br />
Voting Standards for the Election of Directors ........................................... 14<br />
Director Independence .............................................................. 15<br />
Executive Sessions ................................................................ 16<br />
Stockholder Communication with the Board ............................................ 16<br />
Code of Ethics .................................................................... 17<br />
Confidentiality .................................................................... 17<br />
Director Orientation and Continuing Education .......................................... 17<br />
Access to Outside Advisors .......................................................... 17<br />
Committees of the Board of Directors ................................................. 18<br />
Non-Employee Director Compensation ................................................ 20<br />
Compensation Committee Interlocks and Insider Participation .............................. 22<br />
Director Stock Ownership Requirements and Holding Requirement .......................... 22<br />
Security Ownership of Directors, Named Executive Officers, and Certain Others ............... 23<br />
Stockholders Agreement ............................................................... 24<br />
Certain Relationships and Related Party Transactions ..................................... 25<br />
Section 16(a) Beneficial Ownership Reporting Compliance ................................. 26<br />
Executive Compensation ............................................................... 27<br />
Risk Assessment Process ............................................................ 27<br />
Executive Summary ................................................................ 28<br />
Compensation Discussion and Analysis ................................................ 29<br />
Compensation Committee Report .................................................... 35<br />
2010 Summary Compensation Table (and Supporting Disclosures) .......................... 36<br />
Audit Committee Report .............................................................. 46<br />
Fees Paid to Independent Registered Public Accounting Firm ............................... 47<br />
Item No. 2 — Ratification of the Selection of Deloitte & Touche LLP for the Year 2011 ............. 48<br />
Item No. 3 — Advisory Vote to Approve Executive Compensation .............................. 48<br />
Other Matters ....................................................................... 49<br />
Exhibit A—Outstanding Equity Awards at Fiscal Year-End 2010 ............................ A-1