The Chairman of the Board of Directors is Jeffrey L. Bewkes. As Chairman, Mr. Bewkes has responsibility for overseeing Board-related matters, in consultation with the Lead Independent Director; and presiding at the annual meeting of stockholders.

In December 2008, the Board reappointed Frank J. Caufield as Lead Independent Director, a position he has held since May 2006. Under the company's Corporate Governance Policy, the Lead Independent Director has a number of responsibilities, including presiding at executive sessions of the Board, acting as liaison between the Chairman and the other Directors, advising the Chairman of the Board with respect to the schedule, agenda, and information for Board meetings; advising the Chairman with respect to consultants whom the Board may retain, and being available, as appropriate, to communicate with the company's stockholders. A full description of the Lead Independent Director's responsibilities is set forth in the Corporate Governance Policy.

One of the important responsibilities of the Time Warner Board of Directors is to determine the appropriate leadership structure for the Board, which will help to ensure the effective, independent oversight of management on behalf of the company’s stockholders. In January 2009, the Board approved a Policy on Determining the Leadership Structure of the Board of Directors, setting forth the processes and criteria for the Board to use in determining the appropriate leadership structure for the Board. To view the full Policy, click here:

Policy on Determining the Leadership Structure of the Board of Directors

The Board approved the current leadership structure in December 2008, at which time it determined that it was appropriate to combine the Chairman and CEO positions to provide clear, decisive and unified leadership for the company and Board during a strategy transition. To read a report on the Board’s decision regarding the current leadership structure, please click here:

Report on Determination of Current Board Leadership Structure

The Board of Directors has three standing committees: the Audit and Finance Committee, the Compensation and Human Development Committee, and the Nominating and Governance Committee. Each committee is composed entirely of independent Directors.

Stephen F. Bollenbach – Chair
Robert C. Clark
Jessica P. Einhorn
Fred Hassan
Deborah C. Wright

Michael A. Miles – Chair
William P. Barr
Frank J. Caufield
Mathias Döpfner
Deborah C. Wright

Robert C. Clark – Chair
James L. Barksdale
Frank J. Caufield
Jessica P. Einhorn
Kenneth J. Novack