Wells Fargo & Company · NYSE:WFC
Wells Fargo & — Shareholder Meeting (March 2018)
13 slides from Wells Fargo &'s shareholder meeting presentation, Mar 27, 2018
Slide 1: Committed to our Vision & Values and Focused on our Goals
Wells Fargo Committed to our Vision & Values and Focused on our Goals © 2018 Wells Fargo Bank, N.A. All rights reserved. For public use. March 2018 This presentation deck may be used when meeting and speaking with investors from time to time in connection with the Company’s upcoming annual meeting.
Slide 2: Building a Better, Stronger Wells Fargo
Building a Better, Stronger Wells Fargo We want to satisfy our customers’ financial needs and help them succeed financially Our Vision To be the financial services leader in: Our Goals 1 Customer service and advice Team member engagement Innovation Risk management Corporate citizenship Shareholder v
Slide 3: Comprehensive Engagement and Feedback Have Shaped our Way Forward
Comprehensive Engagement and Feedback Have Shaped our Way Forward Following the 2017 Annual Meeting, our Board and management have gathered feedback from shareholders, stakeholders, and our team on ways we could strengthen our Company Proactive engagement with investors representing over 35% of shar
Slide 4: Assessing, Strengthening, and Measuring Culture
Assessing, Strengthening, and Measuring Culture We are listening to our team members and working to strengthen our culture We are measuring and monitoring key people, conduct, risk and audit metrics to better monitor culture-related elements across our Company We analyze team member feedback and mon
Slide 5: Commitment to Enhancing Risk Management
Commitment to Enhancing Risk Management Key Actions to Strengthen our Risk Management and Accountability Enhanced Board composition, structure, and oversight of risk Separated the roles of Chair and CEO and amended our By-Laws to require the Chair to be independent Refreshed the Board by electing si
Slide 6: Self-Evaluation Combined with Investor Feedback Informed Key Board Actions
Self-Evaluation Combined with Investor Feedback Informed Key Board Actions Feedback Communicated and Acted Upon Feedback is provided to management by the Chair and GNC Chair on areas for improvement and changes are implemented Executive Session Discussion of evaluation led by the Chair and GNC Chair
Slide 7: Impact of Board-Level Changes on Composition and Leadership
Appointed new chair, added 4 directors with specific areas of risk experience, and established two new subcommittees focused on compliance and technology, and info. security/cyber risks Impact of Board-Level Changes on Composition and Leadership Overview of Board Composition Tenure of Independent Di
Slide 8: Diverse and Skilled Board Nominees
Diverse and Skilled Board Nominees John D. Baker II Independent Celeste A. Clark Independent Theodore F. Craver, Jr. Independent Elizabeth A. Duke Independent Chair Executive Chairman and CEO, FRP Holdings, Inc. Director Since: Jan. 2009 Committees: AEC, CRC, CC* Other Public Boards: 1 Principal, Ab
Slide 9: Compensation Principles and Practices
Independent Board oversight of compensation program Pay-for-performance philosophy and approach Robust stock ownership and retention policies for our non-employee directors and executive officers Multiple executive compensation clawback and recoupment policies, including provisions that allow for fo
Slide 10: Components of 2017 Executive Compensation and CEO Pay Outcomes
Components of 2017 Executive Compensation and CEO Pay Outcomes Element Award Type Key Metrics Purpose 2017 CEO Pay Outcomes Base Salary Cash N/A (fixed) Fixed compensation reflecting executive’s experience and level of responsibility Decreases focus on short-term risk taking $2.4M No change in base
Slide 11: Response to Shareholder Proposals
Special Shareowner Meetings (10% threshold) Reform Executive Compensation Policy with Social Responsibility Report on Incentive Compensation and Risks of Material Losses Our shareholders already have a meaningful right (at a 20% threshold) to call special meetings of shareholders Our Company’s By-La
Slide 12: Cautionary Statement About Forward-looking Statements
Cautionary Statement About Forward-looking Statements Forward looking statement disclaimer This presentation contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the
Slide 13: Thank you.
Thank you.
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