Audit and Finance

Unanimously

WHEREAS,

The Audit and Finance Committee is responsible for the Corporation's relationship with its external auditors and recommending to the Board either the retention of the Corporation's auditors or the selection of new auditors.

WHEREAS,

The Audit and Finance Committee has recommended the engagement of BDO Seidman to conduct the Corporation's audit and to provide related services for fiscal years 2007, 2008, and 2009.

THEREFORE, BE IT RESOLVED,

The CPB Board authorizes the CPB President and CEO to negotiate and enter into an agreement with the audit firm BDO Seidman for the services and fiscal years as recommended by the Audit and Finance Committee.

Resolution Date: 
Monday, February 5, 2007
5 in favor, 1 absent

WHEREAS,

The Audit and Finance Committee is responsible for the Corporation's relationship with its external auditors and recommending to the Board either the retention of the Corporation's auditors or the selection of new auditors.

WHEREAS,

The Audit and Finance Committee has recommended the engagement of BDO Seidman to CPB's FY 2006 audit.

NOW, THEREFORE, BE IT RESOLVED,

The CPB Board authorizes the CPB President and CEO to negotiate and enter into an agreement with the audit firm BDO Seidman for CPB's next audit engagement.

Resolution Date: 
Tuesday, July 18, 2006
Unanimously

WHEREAS,

Fiscal year 2004 marked the end of a five-year audit engagement with Deloitte & Touche; and

WHEREAS,

The CPB Audit and Finance Committee has reviewed audit firm proposals and interviewed potential audit firms for CPB's next audit engagement; and

WHEREAS,

The CPB Board has received a report on the Committee's interviews of potential audit firms and the Committee's subsequent analysis; and

WHEREAS,

The CPB Audit and Finance Committee will soon conclude its analysis and report to the CPB Board its final selection of an audit firm for CPB's next audit engagement;

NOW, THEREFORE, BE IT RESOLVED,

The CPB Board authorizes the CPB President and CEO to negotiate and enter into an agreement with the audit firm that is selected by the Audit and Finance Committee for CPB's next audit engagement.

Resolution Date: 
Tuesday, April 5, 2005
Unanimously

WHEREAS,

Management had previously reported to the Audit and Finance Committee its plan to issue a request for competitive proposals from external auditors to perform the annual audit of the Corporation beginning in FY 2000; and

WHEREAS,

this process was initiated as a means to assure competitiveness and objectivity in outside auditors by use of regular, periodic reviews, regardless of CPB's satisfaction with its current auditors; and

WHEREAS,

after issuing a request for competitive proposals and analyzing the responses, Management has recommended to the CPB Audit and Finance Committee that the auditing firm of Deloitte & Touche be retained as the Corporation's external auditors for FY 2000 to FY 2004, subject to future periodic review as previously exercised.

NOW, THEREFORE, BE IT RESOLVED THAT:

The Board endorses Management's recommendation and directs Management to retain the auditing firm of Deloitte & Touche as its external auditors for FY 2000 to FY 2004, subject to future periodic review.

Resolution Date: 
Tuesday, May 9, 2000
Unanimously

RESOLVED,

that the Board of Directors, having received the report of the Audit and Finance Committee, and upon recommendation of the Audit and Finance Committee, accepts the FY 1996 Report of KPMG Peat Marwick, outside auditors of the Corporation.

Resolution Date: 
Monday, January 27, 1997
Unanimously

RESOLVED,

that the Board of Directors, having received the report of the Audit and Finance Committee, and upon recommendation of the Audit and Finance Committee, accepts the FY 1995 Report of KPMG Peat Marwick, outside auditors of the Corporation.

Resolution Date: 
Monday, January 22, 1996
Unanimously

WHEREAS,

Management had previously reported to the Audit and Finance Committee its plan to issue, subsequent to the FY 1994 audit, a request for competitive proposals from external auditors to perform the annual audit of the Corporation beginning in FY 1995; and

WHEREAS,

this process was initiated as a means to assure competitiveness and objectivity in outside auditors by use of regular, periodic reviews, regardless of CPB's satisfaction with its current auditors; and

WHEREAS,

after issuing a request for competitive proposals and analyzing the responses, Management has recommended to the CPB Audit and Finance Committee that the auditing firm of KPMG Peat Marwick be retained as the Corporation's external auditors, subject to future periodic review as previously exercised.

NOW, THEREFORE, BE IT RESOLVED THAT:

The Board endorses Management's recommendation and directs Management to retain the auditing firm of KPMG Peat Marwick as its external auditors for FY 1995 and beyond, subject to future periodic review.

Resolution Date: 
Tuesday, May 9, 1995
Unanimously

RESOLVED,

that the Board of Directors, having received the report of the Audit Committee, and upon recommendation of the Audit Committee, accepts the FY 1994 Report of KPMG Peat Marwick, outside auditors of the Corporation.

Resolution Date: 
Tuesday, January 24, 1995
Unanimously

RESOLVED,

that the Board of Directors, has received the report of the Audit Committee, and upon recommendation of the Audit Committee, accepts the FY 1993 Report of KPMG Peat Marwick, outside auditors of the Corporation.

Resolution Date: 
Tuesday, January 25, 1994
Unanimously

RESOLVED:

That the CPB Board of Directors, on the recommendation of its Audit Committee, adopts the attached Audit Committee Annual Agenda for Fiscal Year 1994.

Resolution Date: 
Sunday, September 12, 1993