Governance of ESG

Our commitments span the range of ESG areas, including environmental sustainability, employee safety, diversity, equity, inclusion, ethics and compliance, community involvement and philanthropy.

As we address these ESG responsibilities and commitments, we consider multiple stakeholders, including our clients, employees, vendors and the communities in which we operate. To serve our stakeholders effectively, we have established multilevel management processes that provide oversight to each aspect of our responsibilities, while maintaining a holistic view of the spectrum. These processes include permanent management-level committees, the Board’s Governance Committee and the full Board of Directors. We also examine specific ESG issues with the full board or designated committees.

Governance of the Company

Pitney Bowes corporate governance emphasizes accountability, oversight and sound operating principles to build trust among our clients, shareholders, employees, and communities.

Our key corporate governance practices include:

Thoughtful Board Composition

• Diverse and highly skilled board with a range of viewpoints 
• Significant Board diversity with women serving as four of the Board’s eight independent directors, with two Black directors and one Hispanic or Latinx director

Independence

• Separate Chair and CEO, with robust duties and responsibilities for independent Chair
• All directors are independent other than the CEO
• Policy that no more than two directors should be employees of the Company
• Executive sessions at Board meetings

Shareholder Rights

• Majority voting in uncontested director elections
• Annual election of directors
• Majority vote standard for Charter amendments
• Majority vote standard for Bylaw amendments

Strong Corporate Governance Practices

• Meaningful stock ownership and retention guidelines for directors and CEO
• Policy prohibiting hedging and pledging of Company stock by directors and officers
• Responsive and active stockholder engagement with regular participation by directors