Regions Financial Recognized Nationally for Board Diversity
April 13 2018 - 8:00AM
Business Wire
Regions Financial Corporation (NYSE:RF) has been recognized by
2020 Women on Boards as a Winning “W” Company for the year 2017.
Winning companies champion board diversity by having 20 percent or
more of their board seats held by women.
“We at 2020 Women on Boards congratulate Regions Financial for
its focus on board diversity. Shareholders, the workforce and the
community are best served when boards have women directors,” said
Betsy Berkhemer-Credaire, CEO of 2020 Women on Boards. “Regions is
an outstanding example of how positive change happens through
intentional efforts toward best practices in governance.”
2020 Women on Boards is a non-profit grassroots campaign
committed to increasing the percentage of women who serve on
company boards to 20 percent or greater by the year 2020. This is
the third consecutive year that Regions has been recognized as a
Winning “W” Company.
“Diversity and inclusion are essential to achieving and
maintaining a thriving company, and we are fortunate at Regions to
have a talented and dedicated board that reflects a range of
backgrounds, ages, and expertise. I want to personally extend my
appreciation to board members Carolyn Byrd, Ruth Ann Marshall and
Susan Matlock for their insights and contributions to our company,”
said Regions Chairman and CEO Grayson Hall. “We are pleased to be
recognized among a distinguished group of Winning “W” companies
that are committed to continuously improving good governance
practices that benefit customers, associates, communities, and
shareholders.”
Today Regions’ board is 36 percent diverse based on gender,
race, ethnicity, or sexual orientation. Continuing to search for
diverse candidates is a significant focus, as the board believes
that diversity is an important aspect of effective governance,
diminishes the opportunity for groupthink, and reflects the
communities Regions serves.
Over the past two years, the board has also adopted proxy
access; appointed three new independent directors, one of whom is
diverse; further expanded the responsibilities of the Lead
Independent Director; enhanced the board’s self-evaluation program;
assigned oversight of environmental stewardship and corporate
social responsibility to the board’s Nominating and Corporate
Governance Committee; enhanced director recruitment criteria; and
appointed a Chief Governance Officer.
About Regions Financial CorporationRegions Financial
Corporation (NYSE:RF), with $124 billion in assets, is a member of
the S&P 500 Index and is one of the nation’s largest
full-service providers of consumer and commercial banking, wealth
management, mortgage, and insurance products and services. Regions
serves customers across the South, Midwest and Texas, and through
its subsidiary, Regions Bank, operates approximately 1,500 banking
offices and 1,900 ATMs. Additional information about Regions and
its full line of products and services can be found at
www.regions.com.
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Regions BankEvelyn Mitchell,
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