Fortis Inc. Reaches Gender Parity on Its Board of Directors as Shareholders Approve Election of Directors, Appointment of Aud...
May 06 2021 - 2:52PM
Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS)
announced the voting results from its Annual Meeting of
Shareholders held virtually today. Shareholders voted in favour of
all items of business before the meeting, including electing the
nominated directors, appointing Deloitte LLP as the Corporation's
auditors and voting on an advisory basis to accept the
Corporation's approach to executive compensation. With today's
voting results, the Corporation is pleased to report that its Board
of Directors (the "Board") has reached gender parity.
Election of Directors
Fortis shareholders elected the following 12
individuals to the Board to serve until the next Annual Meeting of
Shareholders or until their successors are elected or
appointed:
Nominee |
# Votes For |
% Votes For |
# Votes Withheld |
% Votes Withheld |
Tracey C. Ball |
246,178,520 |
99.84 |
402,913 |
0.16 |
Pierre J. Blouin |
226,537,274 |
91.87 |
20,044,159 |
8.13 |
Paul J. Bonavia |
245,054,922 |
99.38 |
1,526,511 |
0.62 |
Lawrence T. Borgard |
245,282,828 |
99.47 |
1,298,605 |
0.53 |
Maura J. Clark |
244,341,819 |
99.09 |
2,239,614 |
0.91 |
Margarita K. Dilley |
245,156,429 |
99.42 |
1,425,004 |
0.58 |
Julie A. Dobson |
244,576,922 |
99.19 |
2,004,511 |
0.81 |
Lisa L. Durocher |
245,546,529 |
99.58 |
1,034,904 |
0.42 |
Douglas J. Haughey |
243,974,503 |
98.94 |
2,606,930 |
1.06 |
David G. Hutchens |
246,227,244 |
99.86 |
354,189 |
0.14 |
Gianna M. Manes |
245,346,453 |
99.50 |
1,234,979 |
0.50 |
Jo Mark Zurel |
245,264,308 |
99.47 |
1,317,125 |
0.53 |
"With the election of all nominated Directors
today, our Board has reached gender parity," said Doug Haughey,
Chair of the Board of Directors of Fortis Inc. "This is an
important milestone in our diversity and inclusion journey as we
continue our progress toward ensuring our Board, management team
and workforce reflect the communities we serve." Women represent
50% of the Fortis Board, 42% of executives at head office and 60%
of Fortis utilities have either a female CEO or Board Chair.
Appointment of Auditors
Shareholders of the Corporation approved the
appointment of Deloitte LLP as the Corporation's auditors to hold
office until the close of the next Annual Meeting of
Shareholders.
# Votes For |
% Votes For |
# Votes Withheld |
% Votes Withheld |
253,882,014 |
99.75 |
640,920 |
0.25 |
Say on Pay
Shareholders approved the non-binding advisory
vote regarding the Corporation's approach to executive compensation
("Say on Pay").
# Votes For |
% Votes For |
# Votes Against |
% Votes Against |
239,507,821 |
97.13 |
7,073,506 |
2.87 |
About Fortis
Fortis is a well-diversified leader in the North
American regulated electric and gas utility industry with 2020
revenue of $8.9 billion and total assets of $56 billion as at March
31, 2021. The Corporation's 9,000 employees serve utility customers
in five Canadian provinces, nine US states and three Caribbean
countries.
Fortis shares are listed on the TSX and NYSE and
trade under the symbol FTS. Additional information can be accessed
at www.fortisinc.com, www.sedar.com,
or www.sec.gov.
A .pdf version of this press release is
available
at: http://ml.globenewswire.com/Resource/Download/b00e826d-8ca5-44d7-9b1c-1f45b14a06f4
For more information please
contact
Investor Enquiries:Ms. Stephanie AmaimoVice
President, Investor RelationsFortis
Inc.248.946.3572samaimo@fortisinc.comMedia Enquiries:Ms. Karen
McCarthyVice President, Communications and Corporate AffairsFortis
Inc.709.737.5323media@fortisinc.com
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