Global Corporate Social Responsibility Report
Governance - Best-in-Class Board With Balanced Skill Set
Deliberate Board Composition
■ Commitment to both continuity and fresh perspectives
5 of our 11 Directors have a tenure of 5 years or less¹
Average independent Director tenure of 5.7 years¹, compared to an S&P 500
average of 7.9 years
36% (4 of 11) women; 27% (3 of 11) racially diverse
■ Director succession planning
Conducted in the context of a skill set review
Skill set used to identify and recruit Directors
■ The right set of skills and experience to set ADP's corporate strategy
8 of 10 independent Directors are current or former C-Suite of major public
companies
Leaders with significant technology experience (Peter Bisson, Linnie
Haynesworth, Fran Katsoudas, Nazzic Keene, Tom Lynch, Bill Ready)
Independent mindset and focus on accountability to shareholders
10 of 11 Directors are independent
All Board Committees are composed of independent Directors
Committed to formal shareholder engagement program
8 out of 10 independent Directors have shorter tenure than CEO
Ongoing board refreshment
Skill Set Aligns and Evolves With Corporate Strategy
Director Skill Set²
Financial Expertise
Government/Regulatory
HR Management/Compensation
Capital Markets
Industry/HCM/HRO
Business Operations
Cybersecurity
10
3
Enterprise Risk Management
8
6
7
8
11
6
5
10
11
Transformation Experience
9
International
Product Marketing/Product Management
Public Company CEO Experience
Other Public Company Board Experience
Strategic Planning
Technology
Source: Spencer Stuart Board Index 2020
1.
2.
As of November 2021 Annual Meeting (10 independent directors; 1 management director)
Skill set matrix as of 2021 Annual Meeting (11 Directors)
Copyright 2021 ADP, Inc.
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