Governance Overview

Board Independence
The majority of our Board of Directors are independent directors, per NASDAQ guidelines, and have no material relationship with Office Depot. The Company plans to continue to have a majority of independent directors on its Board. Please see our Board of Directors page here.

Board Committee Independence
All Board members who serve on our Audit, Compensation, Corporate Governance and Nominating Committees are independent directors, as required by NASDAQ. In addition, the Chairman of the Board's Audit Committee qualifies as an "audit committee financial expert" within the meaning of applicable regulations of the United States Securities and Exchange Commission, promulgated pursuant to the Sarbanes-Oxley Act of 2002. Please see our Board of Directors Committee Composition page here.

Governance Practices
We are committed to an independent Board that is responsive to our shareholders. Our Board regularly meets in executive sessions at which our CEO is not in attendance. These private sessions are presided over by our non-executive independent Chairman of the Board. Under the leadership of our Corporate Governance Committee, our Board engages in an annual self-evaluation for the purpose of improving its performance.

Investor Relations Contact Information
561-438-7878 | For Customer Service
investor.relations@officedepot.com
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