Dude, Where's the Cash?

This was in line with recommendations from the company's governance consultant, Ira Millstein.

Disney also named former U.S. Senator George Mitchell as co-chairman of the committee, along with current board member Stanley Gold.

"Today, we furthered our commitment to enhanced governance by expanding the capacity of our governance and nominating committee to address recent legislative and regulatory developments and ensure that Disney remains among the most progressive boards in America on governance issues," chairman and CEO Michael Eisner said.

The company is also mulling the reduction of the company's 16-member board to as few as 12 members. But such a move would require resignations. Those aren't expected until at least year-end, according to reports.

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