BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corporation (NYSE:RF) has been recognized by 2020 Women on Boards as a Winning ‘W’ Company for the fourth consecutive year. Winning companies champion board diversity, achieving at least 20% women on their corporate boards before the year 2020.
“We are pleased to once again 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,” said John Turner, President and CEO of Regions Financial. “I appreciate the leadership of our directors and their ongoing commitment to strengthening the diversity of the board.”
Today the Regions Board of Directors is 38% diverse based on gender, race, ethnicity, and sexual orientation. In April 2018, Ruth Ann Marshall was named Chair of the Nominating and Corporate Governance Committee. With her appointment, women now chair half of the board’s standing committees.
“We believe a strong and effective board is diverse and that the composition of the board should reflect the communities in which Regions operates,” said Charles McCrary, Chair of the Regions Board of Directors. “2020 Women on Boards continues to raise awareness of the importance of gender diversity in the board room, and we are proud that Regions is recognized as a leader in this area.”
2020 Women on Boards is a global education and advocacy campaign committed to building public awareness and momentum towards the goal of achieving at least 20% of all public company board seats being held by women by the year 2020, the milestone 100th anniversary that commemorates the 19th Amendment, when women won the right to vote.
“We applaud John Turner and the board of Regions Financial for engaging the diverse opinions and perspectives of both genders on their board,” said Betsy Berkhemer-Credaire, CEO of 2020 Women on Boards. “Studies have shown that the varied perspectives of women are uniquely valuable to corporations and the challenges they face today.”
Continuing to search for diverse candidates is a significant focus for Regions, as the board believes that diversity is an important aspect of effective governance. In February of 2019, the board approved changes to Regions’ Corporate Governance Principles that reaffirm a commitment to board diversity. When searching for candidates, the Nominating and Corporate Governance Committee will include diverse candidates in the pool for any open board seat in an intentional step to ensure the board reflects Regions’ customers, associates, and communities.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $129 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, and mortgage 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 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
About 2020 Women on Boards
2020 Women on Boards (2020WOB) is a global education and advocacy campaign committed to building public awareness and momentum towards the goal of achieving at least 20% of all public company board seats to be held by women by the year 2020, the milestone 100th anniversary that commemorates the 19th Amendment, when women won the right to vote.
The campaign’s signature programs include the Gender Diversity Directory, a database which tracks the gender composition of company boards, the annual Gender Diversity Index report, and the National Conversation on Board Diversity events held in more than thirty cities each November.
In just nine short years, 2020 Women on Boards has become a respected global brand while building a reputation as a formidable advocate for advancing women to corporate boards. www.2020WOB.com