PepsiCo

Definition

PepsiCo is a multinational food and beverage corporation headquartered in Purchase, New York. The company operates through various segments including Frito-Lay, Pepsi-Cola, Tropicana, Quaker, and Gatorade.

5 Must Know Facts For Your Next Test

1. PepsiCo's Board of Directors is responsible for overseeing the company's overall strategy and governance.
2. The board consists of independent directors to ensure unbiased oversight.
3. Indra Nooyi served as the CEO and Chairman from 2006 to 2019, highlighting the role of leadership in corporate governance.
4. The Audit Committee within the board plays a crucial role in financial oversight and compliance.
5. PepsiCo emphasizes diversity and inclusion within its board to enhance decision-making processes.

Review Questions

• What is the main responsibility of PepsiCo's Board of Directors?
• Why is it important for PepsiCo's board to have independent directors?
• Which committee within PepsiCo's Board of Directors focuses on financial oversight?

Related terms

Board of Directors:

A group of individuals elected to represent shareholders and oversee the activities and direction of a company.

Corporate Governance:

The system by which companies are directed and controlled, involving regulatory frameworks, policies, and practices.

Audit Committee:

A subset of a company's board that focuses on financial reporting, compliance with regulations, and risk management.