Citigroup Board of Directors Members and Criteria

The Citigroup Board of Directors is comprised of experienced and accomplished individuals who oversee the company's operations.

The Board has a minimum of 12 members, with a maximum of 30 members.

Citigroup's Board of Directors is responsible for setting the company's overall direction and strategy.

Members are elected by the shareholders at the annual meeting, with terms typically lasting three years.

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The Citigroup Board of Directors is made up of experienced individuals with a wealth of knowledge in finance and leadership.

Diana Taylor, a Director/Board Member, has been serving on the board since 2009, bringing over a decade of experience to the table.

Gary Reiner and James Turley, both Director/Board Members, joined the board in 2013, with Gary being 70 years old and James being 69 years old.

Duncan Hennes, another Director/Board Member, was appointed in 2013, and Renée James and Ellen Costello were appointed in 2016.

The board also includes a Chairman, John Dugan, who has been serving in this role since 2018.

Here's a list of the Citigroup Board of Directors, including their age and year of appointment:

CitiGroup has had a diverse range of leaders throughout its history, with a notable shift in leadership in the early 2000s.

Sandy Weill was the CEO from 1998 to 2003, marking the beginning of a new era for the company.

Charles Prince took over as CEO in 2003, serving until 2007.

Vikram Pandit led the company from 2007 to 2012.

Michael Corbat was the CEO from 2012 to 2021, a tenure of nearly a decade.

The current CEO, Jane Fraser, took office in 2021.

Here's a list of CitiGroup CEOs through time:

The Citigroup Board of Directors is led by Jane Fraser, who serves as the company's President and Chief Executive Officer. She is also a member of the board.

The board has a total of 10 members, with a mix of independent directors and management representatives. These members are responsible for overseeing the company's strategy and operations.

The board meets regularly to discuss key issues and make important decisions.

The composition of a governance structure is crucial to its effectiveness. A well-designed composition can ensure that decision-making is distributed evenly among stakeholders.

The Board of Directors typically serves as the highest governing body in a company's governance structure. It's responsible for making strategic decisions and overseeing the company's overall direction.

A key aspect of composition is the balance of power between different groups, such as the Board of Directors, management, and shareholders. This balance is essential to prevent any one group from dominating decision-making.

In some cases, a company's composition may include a Supervisory Board or a similar body that provides additional oversight and guidance. This can be particularly useful in companies with complex operations or multiple stakeholders.

Ultimately, the composition of a governance structure should be designed to promote transparency, accountability, and fairness. By doing so, it can help to build trust among stakeholders and support long-term success.

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A proxy statement is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year.

It's sent to every shareholder in advance of the company's annual shareholders meeting, and all proxy statements are public filings made available to the general public by the SEC.

The main purpose of a proxy statement is to alert shareholders to the annual meeting and provide them with information about the issues that will be voted on during the annual meeting.

These issues often include electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives.

Proxies must also disclose specific detailed information regarding the pay practices for certain executives.

Citigroup's CEO, Jane Fraser, has been in her position for 4.42 years, since her appointment in February 2021.

Her total yearly compensation is a staggering $25.46 million, with a significant portion of that coming from bonuses, which make up 94.1% of her total compensation.

The breakdown of her compensation includes a 5.9% salary component, with the remaining 94.1% consisting of bonuses, company stock, and options.

Jane Fraser directly owns 0.014% of the company's shares, which are worth €21.36 million.

The average tenure of Citigroup's management team is a relatively short 1.9 years, indicating a high rate of turnover.

In contrast, the board of directors has an average tenure of 9.3 years, suggesting a more stable and experienced leadership group.

The Citigroup board of directors is comprised of experienced individuals with a long history with the company.

Diana Taylor has been a Director/Board Member since 2009, making her one of the longest-serving members.

Gary Reiner, another experienced member, has been a Director/Board Member since 2013, and James Turley shares this same tenure.

Duncan Hennes and Ellen Costello have also been part of the board since 2013, and 2016 respectively.

Here's a list of the average age of the board members:

It's worth noting that the board members have a wide range of compensation, with some earning over US$700,000 and others earning significantly less.