Governance & ESG - Board of Directors

Board Governance Highlights

Nine of the ten directors are independent
Separate independent Chairman & CEO
6 year average tenure
Six of the ten directors have been refreshed since 2018
Five of the ten directors are women (50%)
Two of the ten directors identify as persons of color (20%)
Majority voting for directors and director resignation policy in uncontested elections
Director age limits
Independent directors meet regularly in executive session
Annual Board and Committee self-evaluations
Annual ‘‘Say-on-Pay Vote’’ on executive compensation
Stock ownership requirements for directors and executive officers
Prohibits directors and executive officers from hedging or pledging stock