Board Diversity

Go to the SEC website, and select DEF 14A (Proxy) statements filed in 2018 and 2023 for the selected list of public companies. 

Read the Diversity Policy, as it relates to the Board of Directors, in the proxy statements.

Required: 

Answer the questions below based on what you find in the Proxy Statements for each of the 10 companies attached.

(a) What types of diversity are noted by the companies, in the context of diversity policy for the board of directors, in 2018 vs 2023? (how many types of diversity, and how many companies discuss each type of diversity, etc.)

(b) Do you observe any patterns (based on company characteristics such as size, etc.)?

SEC website:  https://www.sec.gov

Note: List of 10 companies is attached.

2

>Sheet

1

2

90,883,584

6361

1
12/31/23

Ernst & Young LLP
2
12/31/23

4
12/31/23

PricewaterhouseCoopers LLP
1
12/31/23

TX

12/31/23

KPMG LLP
4
12/31/23

Ernst & Young LLP
2

GA

PricewaterhouseCoopers LLP
1

TX

PricewaterhouseCoopers LLP
1
12/31/23

Company	CIK Code	State Code	SIC Code	Auditor	Auditor Key	Year Ended Date	Market Cap ($)	Revenue ($)	Assets ($)
Fidelity National Financial, Inc.	1331875	FL		6361			Ernst & Young LLP								12/31/23	13,		4	11,752,000,000	79,848,000,000
First American Financial Corp	1472787	CA				PricewaterhouseCoopers LLP	6,447,798,272	6,003,500,000	16,802,800,000
FIRST FINANCIAL BANKSHARES INC	36029			TX	6022	4,291,269,120	481,181,000	13,105,594,000
FIRST HORIZON CORP	36966	TN	6021		KPMG LLP	8,074,219,520	3,207,000,000	81,661,000,000
FIRST INDUSTRIAL REALTY TRUST INC	921825	IL	6798	7,006,605,312	614,027,000	5,175,765,000
FirstCash Holdings, Inc.	840489	5900	RSM US LLP	26516	4,824,291,328	3,151,796,000	4,289,915,000
FLAGSTAR FINANCIAL, INC.	910073	NY	6036	7,521,101,312	4,931,000,000	113,896,000,000
Floor & Decor Holdings, Inc.	1507079		GA	5211	12/28/23	12,353,582,080	4,413,884,000	4,662,550,000
FLOWERS FOODS INC	1128928	2000	12/30/23	4,745,982,464	5,090,830,000	3,426,953,000
FLOWSERVE CORP	30625	3561	5,315,261,440	4,320,577,000	5,108,719,000

2

>Sheet

1

2

1

40

1
1

TX

2
12/31/23

1
1

/

PA

Ernst & Young LLP
2
12/31/23

1
1

PricewaterhouseCoopers LLP
1

1
1

TX

4
12/31/23

1
1

KPMG LLP
4
12/31/23

1
1

PA

3
12/31/23

1
1

IL

Ernst & Young LLP
2
12/31/23

1
1

8742
KPMG LLP
4
12/31/23

1
0

Ernst & Young LLP
2
12/31/23

1
1

12/31/23

1
1

											Company	CIK Code	State Code	SIC Code	Auditor	Auditor Key	Year Ended Date	Market Cap ($)	Revenue ($)	Assets ($)	2	0	3	2018	Comments
FLOWSERVE CORP	30625			TX	3561		PricewaterhouseCoopers LLP										12/31/23	5,315,261,			4	4,320,577,000	5,108,719,000	Diversity themes, including Pride Month, Black History Month, Asian Pacific Islander Heritage, and Women’s Day, are highlighted in both years
FLUOR CORP	1124198	1600				Ernst & Young LLP	6,455,512,064	15,474,000,000	6,973,000,000	Diversity is emphasized in both years, highlighting individuals with a broad range of backgrounds and experiences. This ensures the board has the depth and breadth necessary for a well-rounded mix of skills
FNB CORP/		PA	37808	6021	4,987,716,608	1,499,000,000	46,158,000,000	Diversity is highlighted in both years, reflecting and promoting core values
Fortune Brands Innovations, Inc.	1519751		IL	2430	12/30/23	9,695,441,920	4,626,200,000	6,565,000,000	Diversity is celebrated in both years, including representation of different genders, races, and national origins
Frontier Communications Parent, Inc.	20520	4813			KPMG LLP	6,346,271,744	5,751,000,000	20,693,000,000	Diversity is highlighted in both years, with 44% representation by women and a racial diversity breakdown of 33% across Asian, Black, and White individual
FTI CONSULTING, INC	887936	DC		8742	6,991,864,320	3,489,242,000	3,325,878,000	Both years emphasize diversity, with strong representation across various backgrounds and a notable proportion of women directors
Gaming & Leisure Properties, Inc.	1575965	6798	Deloitte & Touche LLP	13,318,745,088	1,440,392,000	11,806,658,000	Diversity of viewpoints, strength of character, integrity, and mature judgment have been consistently emphasized. In 2023, representation improved further, with 25% of directors being women and 12.5% reflecting diverse backgrounds.
GATX CORP	40211	4700	4,276,329,984	1,410,900,000	11,326,000,000	Diversity remains essential and a core focus in both years.
Genpact LTD	1398659	D0	6,309,523,456	4,476,888,000	4,805,713,000	In 2018, diversity was mentioned but there was no formal diversity policy in place. By 2023, this changed with the introduction of a formal diversity policy, marking significant progress.
GENTEX CORP	355811	MI	3714	7,538,723,840	2,299,215,044	2,611,437,552	Women and minorities are key areas of focus for diversity efforts
GLACIER BANCORP, INC.	868671	MT	6022	FORVIS LLP	33681	4,644,864,512	794,966,000	27,742,629,000	In 2018, diversity was valued, but by 2023, it became a more prominent focus. It is now recognized as a key factor considered by the Nominating/Governance Committee when evaluating the composition of the board.
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