Investor Presentaiton
Best-in-Class Board Is Driving Corporate Strategy
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Deliberate Board Composition
Commitment to both continuity and fresh perspectives
10 Director Board with 4 new Directors since 2014
Average independent Director tenure of 6.8 years(1),
compared to an S&P 500 average of 8.3 years
Average Director age of 59 years(1)
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
7 of 10 Directors are current or former CEOs, CFOs, or COOS
of major public companies
Leaders with significant technology experience (CEO of CA
Technologies, COO of PayPal, retired Director of McKinsey
High Tech Practice, previous EVP of Information Systems and
Global Solutions at Lockheed Martin)
Independent mindset and focus on accountability to
shareholders
9 of 10 Directors are independent
All Board Committees are composed of independent Directors
Committed to formal shareholder engagement program
4 out of 9 independent Directors have shorter tenure than CEO
Skill Set Aligns and Evolves With Corporate Strategy
Number of Directors (10 Total)
Business Operations
Cybersecurity
3
Enterprise Risk Management
Financial Expertise
Government/Regulatory
HR Management / Compensation
Industry / HCM / Business
Process Outsourcing
International
Product Marketing /
Product Management
Public Company CEO Experience
Other Public Company
Board Experience
4
Strategic Planning
Technology
4
5
5
5
7
8
8
Source: Spencer Stuart Board Index 2016
Note:
1.
As of 2017 Annual Meeting.
Copyright 2017 ADP, LLC.
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ADP
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