Qualifications and Expertise

Weyerhaeuser's Corporate Governance Guidelines provide that the board should encompass a range of talent, skill and expertise sufficient to give sound and prudent guidance with respect to the company's operations and interests. See our Governance Guidelines and Avoiding Conflicts of Interest.

Each director is expected to exhibit high standards of integrity, commitment and independence of thought and judgment; to use his or her skills and experience to provide independent oversight to the business of the company; and to represent the long-term interests of all shareholders. Directors must be willing to devote sufficient time to carrying out their duties and responsibilities effectively.

As part of its periodic self-assessment process, the board determined that, as a whole, it must have the right diversity and mix of characteristics and skills for optimal oversight of the company. It should be composed of persons with skills in areas such as:

• Finance
• Sales and markets
• Strategic planning
• Human resources and diversity
• Safety
• Industry business
• Leadership of large, complex organizations
• Legal
• Banking
• Government and governmental relationships
• International business and international cultures
• Information technology

In addition to the targeted skill areas, the corporate governance committee identified key knowledge areas critical for directors to add value to a board, including strategy, leadership, organizational issues, relationships and ethics.

For more information about the board of directors selection process, see the Notice of 2008 Annual Meeting of Shareholders and Proxy Statement.