GEORGIA CORPORATE GOVERNANCE DIVERSITY STUDY 2015

FINDINGS:

DIRECTOR: % FEMALE:

BOARD SIZE:GEORGIA- 9.54 BOARD SEATS/COMPANY (763 SEATS TOTAL)NATIONAL AVERAGE- 10.42 BOARD SEATS/COMPANY

13.1% Female (100 Total)

16.9% Female

29.8%

19.4%

50.9%

SameIndustry

FinancialServices

Other

Nation

Georgia

DIRECTOR BACKGROUND:

0%

20%

40%

Business MBA

34.6%28.6%

Work Experience Education- Degree

< 6 Years

6 - 12 Years

> 12 Years

Length of Service

< 60 60 - 70 > 70( 277) (332 ) (154)

Age299

241223

GEORGIA CORPORATE GOVERNANCE DIVERSITY STUDY 2015

RECOMMENDATIONS:

• Georgia Boards- especially the 47 with nine or fewer directors- should add at least oneadditional member to ensure increased diversity of thought and guidance

• Attract qualified executives from outside the company’s primary industrial sector to bring fresh perspectives to the board

• Develop more aggressive succession planning and refreshment strategies designed to prevent board complacency

• Utilizing these action items offers a holistic (as opposed to quota-driven) method of increasing female, minority, and first time board members