Wells Fargo & Company · NYSE:WFC
Wells Fargo & — Shareholder Meeting (April 2024)
12 slides from Wells Fargo &'s shareholder meeting presentation, Apr 5, 2024
Slide 1: Schedule 14A Proxy Statement cover page
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) ☑ Filed by the Registrant ☐ Filed by a party other than the Registrant CHECK THE APPROPRIATE BOX: ☐ Preliminary Proxy
Slide 2: Investor Presentation Spring 2024
© 2024 Wells Fargo Bank, N.A. All rights reserved. Investor Presentation Spring 2024
Slide 3: Executive Summary
Executive Summary • Wells Fargo conducted extensive shareholder engagement efforts following the 2023 Annual Meeting, which have informed the Company’s and the Board’s decision-making • Following shareholder engagement, our Board has taken responsive actions regarding the majority- supported 2023 sh
Slide 4: Shareholder Engagement Summary
Shareholder Engagement Summary Following our 2023 Annual Meeting, we engaged with investors in fall 2023, and again after the December 2023 publication of our Racial Equity Assessment (see “Shareholder Engagement” beginning on page 1 of our proxy statement). Fall 2023 Engagement 54% Total contacted*
Slide 5: Spotlight on Shareholder Feedback Regarding 2023 Workplace Harassment and Discrimination Proposal
4 Spotlight on Shareholder Feedback Regarding 2023 Workplace Harassment and Discrimination Proposal We gathered a significant amount of feedback after the proposal received majority support, which informed our responsive actions and the Board’s recommendation AGAINST a substantially similar proposal
Slide 6: Key Responsive Actions Following the 2023 Annual Meeting
5 Key Responsive Actions Following the 2023 Annual Meeting Majority-Supported 2023 Shareholder Proposals Shareholder Proposal What We Are Doing Efforts to Prevent Workplace Harassment and Discrimination (See pages 2, 3 and 114- 117 of the 2024 proxy statement) Providing additional disclosures in our
Slide 7: Human Capital Risk Oversight
Human Capital Risk Oversight Our Board, directly and through the HRC, oversees human capital risk and human capital management, in addition to our culture and ethics. 6 • Reviews the results of our annual Global Employee Survey with management • Reviews management reports on Wells Fargo’s culture •
Slide 8: Third-Party Racial Equity Assessment
7 Third-Party Racial Equity Assessment The REA focused on our efforts to promote racial equity in the U.S. through our three DE&I strategic priorities Increasing diverse representation and inclusion through an inclusive culture and workplace environment Better serving and growing diverse customer se
Slide 9: Shareholder Proposal Key Points
8 Shareholder Proposal Key Points – See our Statements in Opposition for additional information Starting on page 112 of the 2024 proxy statement Annual Report on Prevention of Workplace Harassment and Discrimination (See pages 114-117 of the 2024 proxy statement) • Based on shareholder feedback, our
Slide 10: Shareholder Proposal Key Points: Climate Lobbying Congruency Report
9 Shareholder Proposal Key Points – See our Statements in Opposition for additional information Annual Climate Lobbying Congruency Report (See pages 129-130 of the 2024 proxy statement) • We have extensive disclosures related to climate, as well as lobbying and political engagement, which we plan on
Slide 11: Executive Compensation Program Overview
Pay for Performance Promote Effective Risk Management Attract and Retain Talent Executive Compensation Program Overview Our executive compensation program, which has evolved over the past few years, is designed to align with our business, performance, risk management and talent needs (for a more ful
Slide 12: Thank you; Disclaimer and Forward-Looking Statements
Thank you Disclaimer and Forward-Looking Statements This presentation contains forward-looking statements. In addition, our management may make forward-looking statements orally to analysts, investors, representatives of the media and others in connection with this presentation. Forward-looking stat
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