Group will provide insight and feedback to the Board of Directors and senior management
Wells Fargo & Company (NYSE: WFC) today announced the launch of a
Stakeholder Advisory Council, which was formed to provide insight and
feedback to the company’s Board of Directors and senior management from
a stakeholder perspective. The council’s focus will be to deepen the
company’s understanding of important current and emerging issues
relevant to the company and its stakeholders, including serving the
financial needs of underserved communities, diversity and social
inclusion, and environmental sustainability.
Council members include:
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Michael Calhoun, president, Center for Responsible Lending
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Mindy S. Lubber, CEO and president, Ceres
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Marc H. Morial, CEO and president, National Urban League
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Janet Murguía, CEO and president, UnidosUS
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Sister Nora Nash, director of Corporate Social Responsibility for the
Sisters of St. Francis of Philadelphia, a member of the Interfaith
Center on Corporate Responsibility
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Anne Sheehan, director of Corporate Governance, California State
Teachers’ Retirement System (CalSTRS)
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John Taylor, president & CEO, National Community Reinvestment Coalition
“The formation of the Stakeholder Advisory Council is part of our
commitment to continued engagement with our stakeholders to obtain their
feedback,” said Elizabeth “Betsy” Duke, who currently serves as vice
chair of the board and will become its chair on Jan. 1, 2018. “The
council consists of representatives of stakeholder groups especially
important to the company, including groups focused on consumer rights,
fair lending, the environment, human rights, civil rights, and
governance. It is important that the top leadership of our company hears
directly from our stakeholders, and we look forward to benefiting from
the council’s diverse perspectives and experiences, particularly with
respect to our commitment to our customers and communities.”
As announced in August 2017, the council will be led by Duke and will
include the participation of President and CEO Tim Sloan.
Sloan said, “We see the council as an extension of our regular
engagement with stakeholders to ensure that we gain a strong
understanding of what they expect of us and are taking those concerns
and feedback into account. The council’s insight and input will be
instrumental in our efforts to maximize our ability to make a positive
impact on customers and communities as we build a better Wells Fargo.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,400 locations,
13,000 ATMs, the internet (wellsfargo.com)
and mobile banking, and has offices in 42 countries and territories to
support customers who conduct business in the global economy. With
approximately 268,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 25
on Fortune’s 2017 rankings of America’s largest corporations.