Board Committees

The Board has the committees listed below. All committee members are non-employee, independent directors as defined by the New York Stock Exchange listing standards. Mr. O’Neill, who left the Board on December 31, 2000, was a member of the Audit Committee and the Public Policy Committee. Dr. Ruiz, who joined the Board in January 2001, became a member of the Audit Committee and Public Policy Committee on February 8, 2001.

Audit Committee
4 meetings in 2000

• reviewed the Committee’s written charter which is attached as Exhibit II;
• discussed the independence of the independent accountants;
• discussed the quality of the accounting principles used to prepare the Company’s financial statements;
• recommended the firm that Kodak should retain as independent accountants;
• reviewed the audit and non-audit activities of both the independent accountants and the internal audit staff of the Company; and
• met separately and privately with the independent accountants and with the Company’s Director, Corporate Auditing, to ensure that the scope of their activities has not been restricted and that adequate responses to their recommendations have been received

• reviewed the qualifications of individuals for election as members of the Board;
• recommended qualified individuals to be considered for Board membership; and
• discussed the shareholder proposals submitted to the Company.