GOVERNANCE: INFORMED AND INDEPENDENT OVERSIGHT PulteGroup’s commitment to responsible environmental, social and governance policies is both shared and amplified by the efforts of our talented, diverse and highly independent Board of Directors. Our 10-person Board includes nine independent directors.
2 HAVE 1-5 YEARS BOARD TENURE
40% OF DIRECTORS ARE GENDER/ ETHNICALLY DIVERSE
20% WOMEN
47-71 AGE RANGE OF BOARD MEMBERS (AVERAGE AGE 61)
4 HAVE 10 YEARS OR MORE BOARD TENURE
Our Board and executive leadership team receive regular updates on our ESG efforts, although the Board’s Nominating and Governance Committee has primary responsibility for overseeing ESG goals and objectives. This committee conducts routine reviews, receives detailed quarterly ESG updates on and evaluates key risks regarding environmental, workforce diversity, and health and safety issues, along with policies related to employee conduct and ethics. This committee also seeks new director candidates who can bring a diversity of expertise, viewpoints, culture, and overall life experiences to the Board process. Other Board committees include Audit, Compensation and Management Development, plus Finance and Investment. Committees have the authority to retain independent advisors. We maintain separate Chairman and CEO functions to further ensure a diversity of thought and perspectives that are helping to guide PulteGroup.
BOARD OF DIRECTORS
• COMPETITION • CUSTOMER DEMAND • BUSINESS MODEL (MARKETS, ORGANIZATION STRUCTURE)
• QUALITY • CONSTRUCTION, LABOR & MATERIALS
• BUSINESS CONTINUITY • MACROECONOMIC RISKS
NOMINATING & GOVERNANCE/COMPENSATION & MANAGEMENT DEVELOPMENT
AUDIT COMMITTEE
FINANCE & INVESTMENT COMMITTEE
• COMPLIANCE - CODE OF CONDUCT REVIEW • LITIGATION - MAJOR CASES IMPACTING FINANCIALS • FINANCIAL REPORTING ACCOUNTING STANDARDS • PULTE FINANCIAL SERVICES (PFS)
• CAPITAL ALLOCATION • LAND INVESTMENT • LIQUIDITY • EQUITY MARKETS • INVESTOR RELATIONS
• INCENTIVE PLANS • HEALTH & WELLNESS
• CULTURE/HUMAN CAPITAL • SUCCESSION PLANNING • ENVIRONMENTAL & SOCIAL • POLITICAL SPENDING • ERM PROGRAM OVERSIGHT
• CYBER SECURITY - PHM & PFS • CD CLAIMS - ACTUARIAL EST. • TAX • INSURANCE PROGRAM
25 | 2022 ESG REPORT
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