Q3 Fiscal 2023 Earnings Supplement
Governance: Committed to Shareholder Engagement
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We are committed to proactively engaging with shareholders; our Board is highly
attuned to shareholder feedback, including governance & compensation best practices
Monitoring & Assessment
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Board and management review:
✓ Annual meeting voting results
✓ Investor feedback from IR & governance engagement
✓ Trends and best practices across the governance, executive
compensation, regulatory, and environmental & social landscape
This review allows ADP to identify and prioritize topics for discussion
Outreach & Engagement
ADP regularly meets with shareholders to actively gather feedback on
a range of issues
Fiscal Year 2022: We invited shareholders representing nearly half of
our shares outstanding to discuss our strategy, corporate governance
and executive compensation programs, and held meetings with
shareholders representing over 30% of our shares outstanding
Copyright 2023 ADP, Inc.
Evaluation & Response
✓ Board of Directors & key committees evaluate and discuss feedback from
stockholders and key stakeholders
✓ ADP enhances disclosure and practices, as appropriate
✓ ADP updates governance practices and documents to align with best
practices, and incorporates feedback, as appropriate
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