ESG Corporate Governance
ABOUT ELECTRONIC ARTS
Electronic Arts is a global leader in digital interactive entertainment, with a mission to inspire the world to play. We develop, market, publish, and distribute games, content and services that can be played on a variety of platforms, including game consoles, PCs, mobile phones, and tablets. Our portfolio of games and services includes established brands such as FIFA, Madden NFL, Star Wars, Battlefield, and Need for Speed. We publish a broad and deep portfolio of games and services that engage players across geographies, platforms, and business models.
In 2018, Electronic Arts was named one of “The World’s Most Admired Companies” by Fortune magazine in 2018 and was one of Fortune’s “Future 50.” EA was also made Glassdoor’s list of Best Places to Work in 2018.
Electronic Arts is publicly traded on the NASDAQ Global Select Market [NASDAQ: EA]. Our headquarters is in Redwood City, California. For more information about EA, please refer to our Annual Report on Form 10-K.
ELECTRONIC ARTS GOVERNANCE
Electronic Arts is committed to managing our business in accordance with the corporate governance requirements of applicable law as well as the standards of NASDAQ. We maintain a Code of Conduct that applies to all employees, officers, and directors. Our key governance practices include the following:
| Board Independence | |
|---|---|
| Independent Director Nominees | 8 of 9 |
| Independent Lead Director | Luis A. Ubiñas |
| Independent Board Committees | All |
| Conflict of Interest Policy | Yes |
| Director Elections | |
|---|---|
| Frequency of Board elections | Annual |
| Voting standard for uncontested elections | Majority of votes cast |
| Stockholder proxy access | Yes |
| Board Operations | |
|---|---|
| Number of incumbent directors that attended 100% of applicable Board and standing committee meetings in fiscal 2018; | 8 of 11 |
| Number of incumbent directors that attended at least 80% of all applicable meetings | 11 of 11 |
| Board Evaluations | Annual |
| Committee Evaluations | Annual |
| Director stock ownership requirement | Yes, 5x retainer |
| Chairman/CEO role | Split |
| Stockholder Rights | |
|---|---|
| Voting rights for all shares | One-share, one-vote |
| Poison Pill | No |
| Supermajority Voting Provisions | None |
For more information about EA’s governance practices, please refer to our 2018 Proxy Statement.
ELECTRONIC ARTS GOVERNANCE
The Board of Directors routinely assesses its composition and believes that stockholder value can be driven by a board that balances the knowledge and understanding of the Company’s business that results from long-term service with the fresh perspective and ideas driven by the addition of new members. In addition, the Board of Directors believes that complementary and diverse perspectives, whether based on business experience, diversity of gender, ethnicity, culture, or other factors, contribute to the Board of Directors’ effectiveness as a whole. The Board of Directors has regularly added new members — three of our nine director nominees have served for five years or less — and the two most recent additions to the Board of Directors, Ms. Talbott Roche and Ms. Heidi Ueberroth, represent an increase in the Board of Directors’ gender diversity.
* Mr. Coleman, Ms. Roche, Mr. Ubiñas, Ms. Ueberroth