Wells Fargo Launches Stakeholder Advisory Council
December 21 2017 - 1:31PM
Business Wire
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:
- Michael Calhoun, president, Center for
Responsible Lending
- Mindy S. Lubber, CEO and president,
Ceres
- Marc H. Morial, CEO and president,
National Urban League
- Janet Murguía, CEO and president,
UnidosUS
- 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
- Anne Sheehan, director of Corporate
Governance, California State Teachers’ Retirement System
(CalSTRS)
- 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.
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