Truist Financial

BB&T, SunTrust
Charlotte, North Carolina
Banks

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Truist Financial Corporation is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Truist embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.

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Board Bias

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CEO of Truist Financial

William H. Rogers, Jr.

William H. Rogers, Jr.

Summary:

Headquartered in Charlotte, North Carolina, Truist Financial is a member of the Fortune 250 operating in the Banks industry. William H. Rogers, Jr. and William H. Rogers, Jr. serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $475,765 to Republican causes and $259,558 to Democratic causes. Under their tenure, Truist Financial currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$475,765

$259,558

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of Resolution
Mgmt Rec
Total Vote % in Favor
4/23/24Kenneth SteinerReport on Lobbying ActivitiesAgainstN/A
4/23/24David BahnsenReport on Discrimination RisksAgainstN/A
4/25/23GovernanceKenneth SteinerShareholder Proposal Relating to an Independent Chairman of the Board of DirectorsFor25.80%
4/26/22GovernanceKenneth SteinerRequire Independent Board ChairAgainst33.47%
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