Board of Directors and Management BOARD OF DIRECTORS MANA GEMENT ADVISORY  DIRECTORS : The Board established the position of Advisory Director in 2004. Adv iso ry Directors provide general policy advice as requested by the Board. 16 |  FREEPORT-McMoRan COPPER & GOLD INC. James R. Moffett, 1992 † Chairman of the Board  Freeport-McMoRan Copper & Gold Inc. Robert J. Allison, Jr., 2001 (2, 3, 4) Chairman of the Board Anadarko Petroleum Corporation Robert A. Day, 1995 (1, 3) Chairman of the Board and Chief Executive Officer Trust Company of the West Gerald J. Ford, 2000 (1, 3) Chairman of the Board First Acceptance Corporation H. Devon Graham, Jr., 2000 (1, 2) President R.E. Smith Interests J. Bennett Johnston, 1997 (4) Chairman Johnston & Associates, LLC and Johnston Development Co. LLC Former United States Senator Bobby Lee Lackey, 1995 (2, 4) Consultant B. M. Rankin, Jr., 1995 (4) Vice Chairman of the Board Freeport-McMoRan Copper & Gold Inc. Private Investor Dr. J. Taylor Wharton, 1995 (2, 4) Special Assistant to the President for Patient Affairs Professor, Gynecologic Oncology The University of Texas M.D. Anderson Cancer Center †Year Joined Board BOARD COMMITTEES : The Board has established the following committees to provide for effective direction and management of the Company’s business:  A dvisory Directors Gabri elle K. McDonald Judge,  Iran-United States Claims Tribunal Special  Counsel on Human Rights to Fr eeport-M cMoRan Copper & Gold Inc. Director Emeritus Dr. Henry A. Kissinger  Chairman Kissinger Associates, Inc. J. Stapleton Roy Managing Director Kissinger Associates,  In c. Former United States  Ambassad or  to Indonesia James  R. Moffett  Chairman of the Board  Richard C. Adkerson  Presiden t and Chief Executive Officer Michael J. Arnold Chief Ad ministrative Officer Mark J. Johnson Senior  Vi ce President and Chief  Oper ating Officer K athleen L. Quirk Senior  Vi ce President, Chief  Fin ancial Officer and Treasurer OPERA TING UNITS  PT Fr eeport Indonesia  Ex ecutiv e Management Committee ADMINISTRATION AND FINANCE Armando Mahler  Executive Vice Presid en t an d  General Manager Richard E. Coleman  Senior Vice President,  Oper ati ons Andre Burhanudin Senior Vice President,  Coordinating Executive PT Irja Eastern  Miner als  Adrianto Machribie  President Director Atlantic Copper,  S.A. Javier Targhetta  President William L. Collier III Vice President, Comm uni cati ons  Lynne M. Cooney Vice President, Assistant to the Chairman Dean T. Falgoust Vice President and General Counsel W. Russell King Senior Vice President, International Relations and Federal Government Affairs George D. MacDonald Vice President, Exploration  D. James Miller Vice President, Safety and Environmental Affairs Nancy D. Parmelee Vice President and Controller-Operations C. Donald Whitmire, Jr. Vice President and Controller-Financial Reporting Legal Counsel Jones, Walker, Waechter, Poitevent, Carrère & Denègre, L.L.P. Internal Auditors  Deloitte & Touche LLP 1) The  Audit Committee  assists the Board in fulfilling the Board’s oversight responsibilities by monitoring (a) the Company’s continuing development and performance of its system  of financial reporting, auditing, internal controls and legal and regulatory compliance, (b) the operation and integrity of the system, (c) performance and qualifications of the  Company’s independent (external) and internal auditors and (d) the independence of the Company’s independent auditors. 2) The  Corporate Personnel Committee  sets the compensation of the chief executive officer and senior management, and administers the Company’s annual incentive, long-term  incentive and stock option plans. 3) The  Nominating and Corporate Governance Committee  recommends individuals to the board for nomination as directors for election by stockholders as well as monitors and  makes recommendations to the Board concerning corporate governance matters. 4) The  Public Policy Committee  oversees the Company’s (a) governmental and community relations and information programs, (b) compliance programs relating to the Company’s  social, employment, and human rights policies, (c) safety and environmental programs and (d) charitable and philanthropic contributions. Adrianto Machribie  Presiden t Director Michael J. Arnold  Executive Vice President and Chief  Fin ancial Officer David R. Potter  Executive Vice President, Exploration