As a global company with approximately 249,000 Associates, we consider inclusion and diversity to be part of who we are and core to our culture. At the Board level and throughout the organization, we strive to promote the benefits of leveraging our differences and fostering inclusion, which we believe enhances our talented and diverse workforce. In that regard, we seek to have a highly engaged Board that represents diversity as to experience, gender, and ethnicity/race and that reflects a range of talents, ages, skills, viewpoints, professional experiences, educational backgrounds, and expertise to provide sound and prudent guidance with respect to our operations, strategy, and interests.
While we do not have a formal policy with respect to Board diversity, we do take into account many factors when evaluating the suitability of prospective Board nominees. These factors include a prospective nominee’s general understanding of disciplines relevant to the success of a large, global, and complex publicly traded company in today’s business environment; understanding of our business and industry; professional background and leadership experience; experience on the boards of other large publicly traded companies; personal accomplishments; ethics, integrity, and values; independence; as well as geographic, gender, age, ethnic, and racial diversity. The Corporate Governance Committee evaluates each prospective nominee in the context of the Board as a whole, with the objective of recommending a group of nominees that the Committee believes can best continue the success of our business and represent shareholder interests through the exercise of sound judgment using its collective diversity of experience.