Firstenergy Corp. · NYSE:FE
Firstenergy — Shareholder Meeting (May 2020)
21 slides from Firstenergy's shareholder meeting presentation, May 6, 2020
Slide 1: FirstEnergy Shareholder Outreach & Engagement Corporate Governance Spring 2020
FirstEnergy Shareholder Outreach & Engagement Corporate Governance Spring 2020
Slide 2: Our Mission: forward-thinking electric utility
We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger. Diverse Team Customers Environment Communities Forward-Thinking Our Mission Corporate Governance Shareholder Outreach
Slide 3: Cautionary Statement
Cautionary Statement Forward-looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Unless the context requires otherwise, as used herein, references t
Slide 4: Board and Corporate Governance Practices
Board and Corporate Governance Practices Corporate Governance Shareholder Outreach & Engagement Spring 2020 4(Logo)
Slide 5: Highly Skilled & Diverse Board
Highly Skilled & Diverse Board We seek to maintain a well-rounded and diverse Board representing a wide breadth of experience and perspectives that balances the institutional knowledge of longer-tenured directors with the fresh perspectives brought by newer directors. Below are highlights regarding
Slide 6: Corporate Governance Best Practices
Corporate Governance Best Practices (Logo) Independent Oversight Separate Board Chairman and Chief Executive Officer (our “CEO”) Independent Board Chairman All directors are independent, other than the CEO Board committees are comprised entirely of independent directors Independent directors regular
Slide 7: 2020 Voting Matters Overview
2020 Voting Matters Overview Elect the 11 nominees to the Board of Directors Ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2020 Approve, on an advisory basis, named executive officer compensation Approve the FirstEnergy Corp.
Slide 8: Interactive Proxy Statement / Web Hosting
Interactive Proxy Statement / Web Hosting www.FirstEnergyCorp.com/AnnualMeeting Interactive Proxy Statement uick Links (Logo) Corporate Governance Shareholder Outreach & Engagement Spring 2020 8
Slide 9: Corporate Responsibility
Corporate Responsibility (Logo) Corporate Governance Shareholder Outreach & Engagement Spring 2020 9
Slide 10: Corporate Responsibility: A Forward-Thinking Electric Utility
CORPORATE RESPONSIBILITY A FORWARD-THINKING ELECTRIC UTILITY Committed to making our customers’ lives brighter, the environment better and our communities stronger. Seek to inform and engage our stakeholders, while at the same time setting and achieving goals. Led by a dedicated team, along with Exe
Slide 11: Accountability Spans Entire Organization
Accountability Spans Entire Organization “A company’s ability to manage environmental, social, and governance matters demonstrates the leadership and good governance that is so essential to sustainable growth…” – Larry Fink, BlackRock Chairman & CEO FirstEnergy has a dedicated team focused on Corpor
Slide 12: 2020 Initiatives – Materiality & Goal Setting
2020 Initiatives – Materiality & Goal Setting IDENTIFY WHAT DRIVES CORPORATE RESPONSIBILITY VALUE AT FE? Materiality Assessment & Goal Setting ACT ON KEY INITIATIVES Identify material issue & set ESG related goals DEMONSTRATE VALUE Improve accountability and trust by setting and tracking progress to
Slide 13: 2020 Initiatives – Transparency in Disclosures
2020 Initiatives – Transparency in Disclosures WHAT DRIVES CORPORATE IDENTIFY RESPONSIBILITY VALUE AT FE? Transparency in public disclosures ACT ON KEY INITIATIVES Corporate Responsibility Report refresh Increase rating & ranking engagement and scores DEMONSTRATE VALUE Quality, streamlined data Impr
Slide 14: 2020 Initiatives – Business Unit & Employee Engagement
2020 Initiatives – Business Unit & Employee Engagement IDENTIFY WHAT DRIVES CORPORATE RESPONSIBILITY VALUE AT FE? Engagement with FirstEnergy business units & employees ACT ON KEY INITIATIVES Develop initiatives that support FirstEnergy Strategic Plan and Mission DEMONSTRATE VALUE Achieve goals and
Slide 15: Frequently Asked Questions
Frequently Asked Questions TRANSPARENCY GENERATION TARGETS Does FirstEnergy plan to report metrics using SASB guidance? Yes, our April 2020 Corporate Responsibility website refresh includes a data table that was created using guidance from SASB. Has FirstEnergy disclosed climate related risks, inclu
Slide 16: Diversity & Inclusion (D&I) Overview
Diversity & Inclusion (D&I) Overview Diversity and Inclusion is a core value. It’s embedded in everything we do so we can better serve our customers, improve operational performance and safety, spark innovation and provide a rewarding and inclusive work experience for all employees. Building a Diver
Slide 17: Executive Compensation
Executive Compensation (Logo) Corporate Governance Shareholder Outreach & Engagement Spring 2020 17
Slide 18: Our Responses to Shareholder Feedback
Our Responses to Shareholder Feedback In 2018, we made substantial changes to our compensation program and maintained the same general structure and design for 2019. These changes helped to drive strong Say-on-Pay votes in 2018 and 2019. CEO voluntarily reduced his Short-Term Incentive Program (STIP
Slide 19: Performance Metrics Align With Company Strategy and Long-Term Shareholder Value
Performance Metrics Align With Company Strategy and Long-Term Shareholder Value 2019 Performance Metrics Operating Earnings Operations and Maintenance (O&M) Operations Index Safety OSHA reportable incidents Days Away/Restricted Time (DART) Life-Changing Events (LCE) Diversity and Inclusion Short-Ter
Slide 20: FirstEnergy Corp. 2020 Incentive Compensation Plan
FirstEnergy Corp. 2020 Incentive Compensation Plan We are seeking approval from shareholders for the new FirstEnergy Corp. 2020 Incentive Compensation Plan – proposal details included within the 2020 Proxy Statement Your Board recommends you vote FOR the new plan under proposal Item 4 at the 2020 An
Slide 21: Thank You
Thank You (Logo) Corporate Governance Shareholder Outreach & Engagement Spring 2020 21