GoDaddy's 2022 Sustainability Report: Our Operations - Corporate Governance

Rhea-AI Summary

GoDaddy emphasizes the importance of corporate governance in its 2022 Sustainability Report. The company highlights its Board of Directors' involvement in strategy and risk oversight, as well as its commitment to diversity among directors. Chuck Robel resigned as Chair of the Board, with Brian Sharples appointed as his replacement. Srinivas Tallapragada and Sigal Zarmi were also announced as new independent directors. The Board's tenure and diversity statistics are provided.

Positive

• GoDaddy emphasizes the importance of corporate governance and robust practices to generate long-term value and earn trust.
• The Board of Directors is actively involved in strategy and risk oversight, providing valuable resources for the leadership team.
• The appointment of new independent directors, Srinivas Tallapragada and Sigal Zarmi, brings fresh perspectives to the Board.
• The diversity statistics of the Board reflect a commitment to diversity and inclusion among both employees and customers.

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / June 28, 2023 / GoDaddy

Originally published in GoDaddy's 2022 Sustainability Report

Corporate Governance

We're committed to generating value and earning trust.

To execute our strategy, generate long-term value and earn and maintain the trust of our stakeholders, it's essential that we cultivate and uphold robust corporate governance practices. Through our corporate governance framework, we've built a strong foundation for effective oversight and management accountability.

Our Board of Directors

Our business is managed under the direction of the GoDaddy Board of Directors. Our Board is actively involved in the oversight of strategy and risk, and its members serve as valuable resources for our leadership team. Our Board has adopted thoughtful Corporate Governance Guidelines that set forth the qualifications and responsibilities of our directors and director candidates. The guidelines also outline the Board and committee self-assessment program, provide limits on other Board service for our directors, and require that our directors hold meaningful equity ownership positions pursuant to our robust stock ownership guidelines, which apply to our directors and executive officers. For additional information, please reference our Corporate Governance Guidelines.

Our Board of Directors and the Nominating and Governance Committee actively seek candidates who reflect the diversity seen among both our employees and our customers. The Nominating and Governance Committee reviews diversity - whether that's in terms of ethnicity, gender, skills or experience - when building our succession pipeline or searching for new director candidates. Our Board believes that diversity is an essential component of fostering comprehensive, balanced and thoughtful decisions to help drive GoDaddy forward.

In September 2022, Chuck Robel resigned from his role as Chair of the Board and from the Audit and Finance Committee. He will retire at the 2023 Annual Meeting of Stockholders. The Board appointed Brian Sharples as Chair of the Board effective September 30, 2022.

In January 2023, the Board also announced the appointment of Srinivas Tallapragada and Sigal Zarmi as new independent directors.

The data below reflects the independence, tenure, gender, and racial and ethnic diversity of the members of our Board following GoDaddy's 2023 Annual Meeting.

Tenure:

• 50% < 4 years
• 25% 4-6 years
• 25% > 6 years

Diversity

• 75% Ethnically or Racially Diverse and/or Female

Independence

• 87.5% Independent Directors
• 12.5% Non Independent Directors

Oversight of Risk and ESG Topics

Oversight of risk management is a key function of our Board of Directors, which oversees the formation of long-term strategic, financial and organizational goals for GoDaddy. Oversight extends to plans designed to achieve such goals, as well as the management of strategic, legal, regulatory, financial and operational risks.

To perform these functions more effectively and efficiently, the Board has delegated key responsibilities to its standing committees. Each committee reports back to the Board at least quarterly on topics reviewed by the committees at their respective meetings.

The key oversight responsibilities of each committee include:

• The Audit and Finance Committee reviews major financial risk exposures and mitigation strategies, data privacy and cybersecurity risk management, enterprise risk management and other compliance risk programs
• The Compensation and Human Capital Committee maintains oversight of executive compensation and human capital management matters
• The Nominating and Governance Committee retains oversight of sustainability strategies, programs and practices, and the related disclosures

For more information on the responsibilities of our Board and committees, including with respect to risk oversight, please see our Corporate Governance Guidelines, our committee charters and our Proxy Statement on our Governance web page.

About This Report
Unless otherwise noted, the GoDaddy 2022 Sustainability Report outlines our environmental, social and governance (ESG) strategies, activities, progress, metrics and performance for the fiscal year that ended on December 31, 2022. This report references the Global Reporting Initiative (GRI) Standards and includes select Sustainability Accounting Standards Board (SASB) Standards metrics for the Internet Media and Services sector.

GoDaddy is committed to regular, transparent communication about our sustainability progress, and to that end, we will share updates on an ongoing basis through our website and will continue to publish an annual Sustainability Report.

To learn more, please read our 2022 Sustainability Report.

View additional multimedia and more ESG storytelling from GoDaddy on 3blmedia.com.

Contact Info:
Spokesperson: GoDaddy
Website: https://www.3blmedia.com/profiles/godaddy
Email: info@3blmedia.com

SOURCE: GoDaddy

View source version on accesswire.com:
https://www.accesswire.com/764247/GoDaddys-2022-Sustainability-Report-Our-Operations--Corporate-Governance

FAQ

What is GoDaddy's approach to corporate governance?

GoDaddy emphasizes the importance of robust corporate governance practices to generate long-term value and earn trust.

Who manages GoDaddy's business?

GoDaddy's business is managed under the direction of the Board of Directors.

Who are the new independent directors appointed by the Board?

The Board announced the appointment of Srinivas Tallapragada and Sigal Zarmi as new independent directors.

What are the diversity statistics of GoDaddy's Board?

Following the 2023 Annual Meeting, the Board has 75% ethnically or racially diverse and/or female members.

Who replaced Chuck Robel as Chair of the Board?

Brian Sharples was appointed as Chair of the Board effective September 30, 2022, following Chuck Robel's resignation.