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ADP Comments on Pershing Square Capital Management's Nomination of Directors

The company comments on Pershing Square Capital Management's nomination of three candidates to its board of directors.

ADP (No. 17 on the DiversityInc Top 50 Companies list) issued the following statement regarding Pershing Square Capital Management's nomination of three candidates to ADP's Board of Directors at the 2017 Annual Meeting of Stockholders.


"As we noted last week, ADP is open to constructive input from our shareholders and our Board respects the right of shareholders to nominate directors. Now that Pershing Square has submitted its proposed director candidates, the Nominating/Corporate Governance Committee of the Board will evaluate Mr. Ackman's nominees as they would any other potential directors to assess their ability to add value on the Board for thebenefit of all ADP shareholders. We have a strong and independent 10-member Board, including four new directors who have joined since 2014, with an appropriate mix of skills, experience and leadership to drive board performance and provide effective oversight. We believe our current Board has the right balance of leadership continuity and fresh perspectives to help ADP continue our strong track record of delivering value to shareholders while successfully executing on our 'All in on HCM' strategy and global opportunities for growth."

"ADP shares have outperformed the S&P 500 for many years, and the Company has generated total shareholder returns in excess of 200% sinceCarlos Rodriguez became CEO nearly six years ago. We believe ADP is well positioned to build on its longstanding track record of successful value creation and growth through its transition to best-in-class cloud-based HCM solutions and other investments in technology and innovation during Mr. Rodriguez's tenure, while maintaining cost discipline. ADP has also consistently delivered on its commitment to returning capital to shareholders -- demonstrated by the return of more than $11 billion in buybacks and dividends over the past five fiscal years and annual dividend increases for the last 42 years."

"The Board is always open to good ideas regardless of their source and reiterates the invitation it made to Mr. Ackman last week to present his ideas to the full Board on how 'to improve ADP's operations, profitability and competitive position.'"

Morgan Stanley & Co. is acting as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to ADP.

ADP: Addressing the Racial Pay Gap

As the U.S. Department of Labor reports, Black women earn 17 percent less than their white female counterparts and they bring in just 63 cents for every $1 a man makes.

ADP

Originally Published by ADP.

By Ann C. Logue

In the long run, eliminating the wage gap pays off.

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ADP: Loan Gifting Benefit Can Be a Potential Boost for Attracting and Retaining Talent

LoanBenefits for ADP Workforce Now grants each participating employee the option to speak with a loan gifting financial advisor who can guide participants toward the best payment program options for their situations.

Originally Published by ADP.

By Theresa Myers

Attracting, engaging and retaining talent is a challenge for many of today's top businesses. But for small businesses, these scenarios are becoming even more difficult, as the unemployment rate sits at historic lows and today's younger workers are more likely to switch jobs than wait for a promotion or raise.

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ADP Report: Private Sector Employment Increased by 271,000 Jobs in December

"Although there were increases in most sectors, the busy holiday season greatly impacted both trade and leisure and hospitality. Small businesses also experienced their strongest month of job growth all year."

Originally Published by ADP.
Private sector employment increased by 271,000 jobs from November to December according to the December ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
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ADP National Employment Report: Private Sector Employment Increased by 179,000 Jobs in November

"Although the labor market performed well, job growth decelerated slightly," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.

Originally Published by ADP.

Private sector employment increased by 179,000 jobs from October to November according to the November ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

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ADP Women in STEM Profile: Martha Bird

Martha Bird describes herself as "open hearted and pragmatic." It's really just another way to describe her position as a business anthropologist.

ADP

Originally Published by ADP.

By Heather Bussing

Martha grew up close to the land on her great-grandmother's farm and stayed into her 30s, farming vegetables and baking. "There's nothing like putting a plow into the ground and feeling the RPMs go down with the drag," Martha says. "I love the earth and soil. It keeps me grounded and helps me to see the extraordinary experiences in everyday life."

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ADP and Intuit Expand Relationship to Improve Integration Across Platforms

Cloud-based dashboard enhancements help reduce re-work, save time and provide access to award-winning compensation benchmarks for client consultation.

Originally Published by ADP.
ADP announced expanded integration with Intuit QuickBooks adding enhanced General Ledger Interface (GLI) mapping directly through Accountant Connects . This new interface, combined with enhanced Compensation Benchmarking, powered by ADP DataCloud, will enable accountants to provide a better service and add value to their clients. Through shared values and a commitment to creating industry-leading innovation, ADP and Intuit are better positioning accountants for the future; allowing them to provide a more comprehensive experience to their clients.
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