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Wells Fargo Wins Best Board Diversity Initiative Award

The award, presented by NYSE Governance Services, a subsidiary of the New York Stock Exchange, was given to the company for its diverse board for having diversity "represented and carried forth as a cultural imperative throughout the fabric of the organization."


ATLANTA & NEW YORK--(BUSINESS WIRE)-- NYSE Governance Services, a subsidiary of New York Stock Exchange (NYSE: ICE), this month announced the winners and finalists of its 3rd annual Governance, Risk, and Compliance Leadership Awards. The awards program recognizes exemplary leaders in governance, risk and compliance.

Wells Fargo (No. 12 on the 2016 DiversityInc Top 50 Companies for Diversity) won the award for Best Diversity Board Initiative.

"NYSE Governance Services would like to congratulate the individuals and organizations that have truly exemplified the highest standards of compliance, ethics and governance. Their dedication and noteworthy achievements truly set the bar for best practices and standards in corporate governance, which plays an integral role in a company's success and long-term value to its shareholders," said Adam Sodowick, President, NYSE Governance Services.

Eligible candidates included all publicly traded companies in the U.S., regardless of listed exchange. The award recipients were selected by an independent panel of judges, who bring a range of governance and compliance expertise to the program.

2016 Judges Panel:

Luis Aguilar, Former Commissioner, U.S. Securities and Exchange Commission

William Chandler III, Former Chancellor, Delaware Court of Chancery

John Coates, Harvard Law School, Research Director of the Center on the Legal Profession & Professor of Law and Economics

Veta Richardson, President and CEO, Association of Corporate Counsel

F. Daniel Siciliano, Professor & Faculty Director, Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford Law School

Darla Stuckey, President and CEO, Society of Corporate Secretaries and Governance Professionals

Gretchen Winter, Senior Director, Center for Professional Responsibility in Business and Society, College of Business, University of Illinois

Best Board Diversity Initiative Award

The company that is awarded in this category will have shown that its board represents a diverse breadth of experience, industry, age, ethnicity, and gender, and that such diversity is also represented and carried forth as a cultural imperative throughout the fabric of the organization.

2016 Winner: Wells Fargo & Co. (NYSE: WFC)

2016 Finalists:


Ingredion Incorporated (NYSE: INGR)

Mastercard Incorporated (NYSE: MA)

PepsiCo, Inc. (NYSE: PEP)

Wells Fargo & Co. (NYSE: WFC)

About NYSE Governance Services

NYSE Governance Services is the leading governance, compliance, and education solutions provider for companies and their boards of directors. Through a complete set of technology-enabled and data-driven solutions designed to address compliance, accountability, and risk management, NYSE Governance Services helps companies comprehensively build a culture of integrity from employee to board level. NYSE Governance Services is a subsidiary of the New York Stock Exchange Group, an Intercontinental Exchange company (NYSE:ICE).

The Conversation

​Wells Fargo, Scholarship America Invite Veterans to Apply for Scholarships, Emergency Grants

Company committed $2 million over four years for veteran scholarship and emergency grant programs.

Wells Fargo & Company (NYSE: WFC) and Scholarship America announced they are accepting applications for the 2019 Wells Fargo Veterans Scholarship andWells Fargo Veterans Emergency Grant Programs. In 2016, Wells Fargo committed $2 million over a four-year period to fund the programs and assist veterans and spouses of veterans with disabilities succeed in getting the education they need for careers they choose. To date, Wells Fargo and Scholarship America have awarded 72 scholarships and 135 emergency grants.

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New York City Establishes Affordable Housing Fund with $2 Million Grant from Wells Fargo Foundation

Down Payment Assistance Fund is part of City's Neighborhood Pillars Program, dedicated to affordable housing preservation.

Originally Published by Wells Fargo.

The New York City Department of Housing Preservation and Development (HPD) and New York City Housing Development Corporation (HDC) announced today the City's Neighborhood Pillars Program with a $2 million commitment from the Wells Fargo Foundation. As part of Housing New York 2.0, the mayor's plan to finance 300,000 affordable homes by 2026, the Neighborhood Pillars Program will help finance acquisition and rehabilitation of existing rent-stabilized and unregulated buildings to preserve affordability in neighborhoods across the city.

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Wells Fargo's Rich Baich Appointed to National Infrastructure Advisory Council

Chief information security officer sworn in Dec. 13.

Originally Published by Wells Fargo.

Wells Fargo & Company Chief Information Security Officer (CISO) Rich Baich will be sworn in as an appointee to the National Infrastructure Advisory Council (NIAC) in Washington, D.C. The ceremony is to take place at the Eisenhower Executive Office Building. The President announced his intent to appoint Baich to the role in September.

NIAC is a council of senior executives from industry and state and local government who own and operate critical infrastructure essential to modern life. At the President's request, NIAC members volunteer their time to examine physical and cyber risks to our nation's infrastructure and recommend solutions that reduce risks and improve security and resilience nationwide.

"It is an honor to be able to serve my country as a member of this council," said Baich. "I look forward to discussing critical infrastructure protection issues in this important forum."

Helping to influence national cybersecurity policy is not a new role for Baich. In July, he completed a two-year term as chair of the Financial Services Sector Coordinating Council (FSSCC), where he worked to strengthen relationships between industry and government partners.

"Actions by nation states, cybercriminals, and hacktivists are all pervasive threats to both the government and private industry," said Baich. "Collaboration amongst public-private organizations is critical to identifying and mitigating these threats to keep our country's infrastructure safe."

Baich has more than 20 years of cybersecurity experience from roles in the military and the private sector. As Wells Fargo's chief information security officer, he oversees information security strategy and governance, identity and access management, security engineering, line-of-business engagement, and cyber defense and monitoring. Previously, Baich held roles as Naval Information Warfare Officer for the National Security Agency, senior director for professional services at Network Associates (now McAfee), and special assistant to the deputy director for the National Infrastructure Protection Center at the Federal Bureau of Investigation during the critical period after September 11. Baich is a veteran who retired after 20 years of military service where he served in multiple security leadership roles.

Wells Fargo Mobile Response Unit Arrives in Chico to Aid Customers Impacted by Wildfires

Consumers and small business loan customers can receive a variety of on-site assistance as they begin the recovery process.

Originally Published by Wells Fargo.

Wells Fargo & Company announced its Mobile Response Unit has arrived in Chico, California, to provide housing recovery assistance as well as help for auto, credit card, personal lines/loan, student loan and small business loan customers in areas impacted by recent wildfires.

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Wells Fargo: Orlando Homeownership to Get $6.3 Million Boost

NeighborhoodLIFT program will offer homebuyer education plus $15,000 down payment assistance grants available for eligible homebuyers; special parameters for veterans, military, teachers and first responders.

Originally Published by Wells Fargo.

Wells Fargo & Company (NYSE:WFC), NeighborWorks® America, Orlando Neighborhood Improvement Corporation (ONIC), and Neighborhood Housing Services of South Florida (NHSSF) announced the NeighborhoodLIFT® program will launch for Lake, Orange, Osceola and Seminole counties with a $6.3 million commitment by Wells Fargo to boost local homeownership.

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Four in 10 U.S. Workers Say Living Past 85 would be a Financial 'Hardship,' Wells Fargo Survey Finds

People with a "planning mindset" typically have more savings, less stress, and are more likely to say they're "thriving" in life; Generation X still has time to get retirement journey on track.

Originally Published by Wells Fargo.

With the prospect of longer life spans, 38 percent of U.S. workers age 21 and older say it would be a financial "hardship" to live past the age of 85, according to the 2018 Wells Fargo Retirement study, which examines the attitudes and savings of working adults and retirees. Most workers say they expect to live to age 85, 42 percent say they could live longer, and 10 percent say they could live to 95 or older. Now in its ninth year, the Wells Fargo Retirement study was conducted online by The Harris Poll on behalf of Wells Fargo.

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