Investor Presentaiton
Strong Governance
Track record of enhancing governance
Focused on driving shareholder value
2016
2018
2020
2021
Collapsed dual-class
share structure
Transitioned to net
share withholding
Adopted stock
ownership guidelines
Added two new
independent
Began
to reduce dilution
directors, expanding
phased Board
declassification
the Board to a total
of nine directors
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2017
Initiated stock
buyback program
2022
Implemented
proxy access
Incorporated
long-term
component for
executive
compensation
Adopted director
resignation policy
2019
Added three new
independent
directors
Introduced
performance-based
stock grants for
executive
compensation
Adopted majority vote
standard with director
resignation policy
2023
Updated insider
trading policy
Updated incentive
compensation
recoupment policy
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