Establishing a strategy that will allow us to succeed both in the short term and, and the long term. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. Learn more about the aspirations and perspectives of today's homebuyers and homeowners. As a member of the Board, thats one of my key responsibilities, to be responsive to the shareholders, and to hold management accountable. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. Dr. Roses service as President of Bowdoin College, and as professor at the Harvard Business School, has provided him with opportunities to lead a large and complex organization and to research and analyze current issues in the financial services industry. Despite the success that's here, it's a very humble culture; it's people that care about other people, they care about doing the right thing. Brands Inc., an American fast-food company, from 2000 to 2005, including Chief Financial Officer of the U.S. Division of KFC Corporation and as Senior Vice President and Treasurer, Began her career at Atlantic Richfield Company, where she spent 21 years in a number of finance positions, Member of the Board of Directors of Phillips 66 and its Audit and Finance, Nominating and Governance, and Executive Committees, and Chair of its Public Policy and Sustainability Committee, Member of the Board of Directors of Raytheon Technologies Corporation and its Audit and Human Capital and Compensation Committees. ET, followed by an investor presentation at 8:30 a.m. Dr. Zubers role as Senior Research Scientist and experiences in leadership roles on nine space exploratory missions with the National Aeronautics and Space Administration (NASA) enable her to bring a breadth of risk management, geopolitical insights, and strategic planning expertise to our Board. Featured Report. The Responsible Growth strategy means to me, being responsible to the shareholders, being responsible to the community, being responsible to all the constituencies, which includes our associates, both in the short term and the long term. What the shareholders should know is that we as a Board are very actively engaged in overseeing management to make sure that we have a passion to grow, but at the same time to do it the right way. And really its aits a wonderful, you know, opportunity. Former Chairman and Global Head of Private Wealth Management, Deutsche Bank AG. October 16, 2020 09:14 AM Eastern Daylight Time. This years report finds a steady stream of new challenges for business owners, but theyre remaining resilient and anticipate revenue increases and opportunities for expansion in 2022. These materials are for informational purposes only. If you are a shareholder as of the record date, you . This Human Capital Management (HCM) Software Market report offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2017-2022. are racially, ethnically and gender diverse, Download the 2022 Human Capital Management Update, Download the Additional Solicitation Materials, Download the Additional Solicitation Materials 2030 Financed Emissions Targets, you can opt out of online behavioral advertising, Approving our executive compensation (an advisory, non-binding Say on Pay resolution), Ratifying the appointment of our independent registered public accounting firm for 2022, Ratifying the Delaware Exclusive Forum Provision in our Bylaws, Appointed Chair of the Board of Directors of Bank of America Corporation in October 2014 and President and Chief Executive Officer in January 2010. And were good people, and we want good customers, and we want to do the right thing, and we want to help them do it. And I think our customers and consumers expect that. Our citizens are worried about the future and what its going to look like. For more Bank of America news, including dividend announcements and other important information, andregister for news email alerts. We reviewed Bank of America based on 16 data points in the categories of loan details, loan costs, eligibility and accessibility, customer experience and the application process. October 7, 2022 at 9:00 AM Eastern . Virtual annual meeting. We strive to provide you with information about products and services you might find interesting and useful. President of Bowdoin College, 2015 to present. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Building on the company's inaugural Human Capital Management report last . Because an investment in our people is an investment in Verizon, and we are just getting started. You are continuing to another website that Bank of America doesnt own or operate. Our analysts note that a number of large-cap companies including Starbucks, AirBnB and Facebook have . Mr. Bramble brings broad-ranging financial services experience, international experience, and historical insight to our Board, having held leadership positions at two financial services companies acquired by our company (MBNA Corporation, acquired in 2006, and MNC Financial Inc., acquired in 1993). Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (MLLA), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. 119.50%. Though business is booming in 2022, the pandemic significantly impacted Montilios traditional revenue streams, leading the company to pursue new clients, products and partners. We stand behind our products, which is one of the reasons we've received more than 20,000+ 5-star reviews. Brands, Ms. Ramos background provides her with financial expertise and extensive strategic planning experience. Bank of America Coronavirus Resource Center, How we help people, companies and institutions realize their financial goals. When you think about the opportunity the bank has to start with someone who is very young, and grow with them throughout their life as their needs increase and then even down to their children, and their childrens children. So we're going to start on Slide 2 of the earnings materials. Its donors, staff, and volunteers all play an important role in its efforts to end hunger in the United States. This dataset is classified as Public under the Access to Information Classification Policy. October 24, 2022. That youre being a good corporate citizen in the community. And that were incredibly customer-focused. Touch device users, explore by touch or with swipe gestures. lee.mcentire@bofa.com, Jonathan G. Blum, Bank of America (Fixed Income) Terms of Use. To celebrate the 10th anniversary of the SBOR and explore the journey and successes of a long-term client, the spotlight is once again on Montilios. Information contained on our website is not incorporated by reference herein. Thats the central question in front of us, and you drive growth by having a deeper and deeper relationship with your customer. I hope that were able to grow the value of the bank. Its owner is solely responsible for the websites content, offerings and level of security, so please refer to the websites posted privacy policy and terms of use. We have a responsibility and the responsibility is governance, to maximize return to shareholders over the life of the firm, and to do that, we have to grow responsibly. And all that is governed by the view of how we think the company should operate from the Board on down. Potential art market challenges: Wavering market sentiment Overall luxury expenditures, which include fine art, are down 16% year over year, though still above pre-pandemic levels, according to Bank of America proprietary research.If sellers become spooked by continued capital market volatility or a spike in interest rates, they may delay discretionary selling of art, which could affect . Weve built this brand up to where it is today and its amazing, Elissa said. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. Responsible Growth is the foundation of our strategy. Remarkably, share of VC deal value within overall PE-VC investments reached 50%+ for the first time. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Chair, Compensationand Human Capital Committee. And what Bank of America has proven is that you can do good for society and also do good for your shareholders. This was mainly driven by an increase in market risk in the period. As a former executive officer of one of the largest credit card issuers in the U.S. and a major regional bank, Mr. Bramble has dealt with a wide range of issues important to our company, including risk management, credit cycles, sales and marketing to consumers, and audit and financial reporting. In our 2020 South Africa human capital trends report entitled The Social Enterprise at work: Paradox as a path forward, we challenged organisations to re-examine whether humanity and technology were truly in conflict and consider how it is possible to resolve the seeming paradox of finding ways to remain distinctly human in a technology-driven world. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Your vote is importantwe want to hear from you and all of our other shareholders. We have that unique ability to touch the lives of so many millions of people, not just in the U.S., but worldwide. Mr. Whites roles as the former Chief Executive Officer and Chairman of the Board of Directors of DIRECTV enable him to bring his experience in technology, consumer businesses, and financial expertise to our Board. Insurance Products are offered through Merrill Lynch Life Agency Inc. (MLLA) and/or Banc of America Insurance Services, Inc., both of which are licensed insurance agencies and wholly-owned subsidiaries of Bank of America Corporation. It is separated from continental Europe by the North Sea to the east and the English Channel to the south. The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living. Ms. Ramos public company board service provides her with experience in governance and sustainability, and insight into key issues facing complex, global businesses. In support of the health and safety of our shareholders and employees, we will hold our annual meeting this year solely by means of remote communication via audio webcast. We know we have to grow, as Brian says, No excuses, but its easy to buy growth that isnt good growth, and not all dollars of growth are good dollars. Bank of America Coronavirus Resource Center, How we help people, companies and institutions realize their financial goals. For complete information regarding our financials, see our SEC Filings, Additional Solicitation Materials 2030 Financed Emissions Targets, Environmental, Social and Governance (ESG), Bank of America Corporation Former Chairman, President and CEO, DIRECTV Lead Director, Kimberly-Clark Corporation. Weve grown so much, we just want to go back to our roots and perfect what we have and take care of the customers that we have. Elissa said. You are continuing to another website that Bank of America doesnt own or operate. VC investments in India had a banner year in 2021, with a meteoric 3.8x growth over 2020, to reach $38.5B in capital deployed. jonathan.blum@bofa.com, Bill Halldin, Bank of America Responsible Growth means to me that if we do the right thing for our customers, the bank does well, the customers do well, the shareholders do well. That this can be done in a sustainable and a responsible manner in a way thats good for society. Lifetime Warranty + Repairs. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. But the independence is important because it allows us to always challenge and to bring in an unbiased perspective to ensure that the shareholders interest and the community interest are being served. This research included a conceptual model along with hypotheses. And now the question is how do you continue to drive growth? Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Relationship-based ads and online behavioral advertising help us do that. Bank of America reported its second-quarter 2022 financial results today. Bank of America to Report Third-Quarter 2022 Financial Results on October 17. Western officials have said Vladimir Putin has been "weakened" by the Ukraine war but a leadership change is not expected anytime soon; Foreign Secretary James Cleverly due to meet G7 leaders . If you opt out, though, you may still receive generic advertising. the future and. Ms. Allens responsibility for audit and consulting services in various positions with Deloitte LLP (Deloitte) enables her to bring extensive audit, financial reporting, and corporate governance experience to our Board. We serve our customers in a world thats changing so fast, values are fundamental to. Appreciate about our organization andis that it isnt Growth at any cost as Chief financial Officer at ITT, Brands. By touch or with swipe gestures uses cookies to ensure you get up in the North website.View privacy Insights Report and Scotland to its North touch device users, explore by or! 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