Organization: FCB Financial Holdings Inc

Year: 2018

Whereas:

Currently, FCB Financial Holdings has no women or minorities on its board. Additionally, it does not have any diversity policies or disclosures in place to ensure that talent selection is conducted in such a way that allows for diversity in the candidate pool.

Resolved:

The Treasurer’s Office filed a shareholder resolution requesting that FCB Financial Holdings adopt a policy requiring that the initial list of candidates from which new management-supported director nominees are chosen by the Nominating and Governance Committee should include (but need not be limited to) qualified women and minority candidates. The Policy should provide that any third-party consultant asked to furnish an Initial List will be requested to include such candidates.

Supporting Statement:

The extensive empirical research on the board diversity and effective board governance demonstrates a positive relationship between the percentage of women and minorities on boards and firm value and performance. In short, companies with a diverse board are better-positioned to exhibit good governance, and furthermore, research indicates that these companies outperform those with laggard board diversity. Increasing board diversity begins with increasing diversity within the candidate pool. When companies take steps to ensure they have inclusive policies, they position themselves to increase financial benefits and better protect long-term shareholder value for investors.