bank of america human capital report 2022

Served as a member of the Board of Directors, from April 1994 to May 2002, and Chairman, from December 1999 to May 2002, of Allfirst Financial, Inc. and Allfirst Bank, U.S. subsidiaries of Allied Irish Banks, p.l.c. 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. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Mr. Almeidas business background also includes significant international experience, and as a native of Brazil, he brings a diverse perspective to our Board. Lead Independent Director, Bank of America. One of every two households in America is a client of Bank of America. These materials are for informational purposes only. We really focus on doing the right thing. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. You cant just say, Heres our values. You cant just say, Heres Responsible Growth. The question is what do you do to live by it. This was mainly driven by an increase in market risk in the period. Former Executive Vice Chair, MBNA Corporation. The primary function of the Board is to hold the senior management and the leadership accountable. Featured Report. 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. Deloitte's Michael Stephan interviews Bank of America's Chief Diversity & Inclusion and Talent Acquisition Officer, Cynthia Bowman, to discuss what's ahead for 2022 and beyond for HR and human capital leadersspecifically, the importance of doubling down on the social enterprise and DEI efforts. We . Management team and Brian, they do a great job of being concise, but comprehensive, and helping us follow what are the most critical aspects of the operations and to tune in on the things that are most important to deliver for the shareholders, for the employees, and, and, for the communities we operate. Ms. Hudsons career in the defense and aerospace industry gives her knowledge of technology risks such as cybersecurity risk. This website uses cookies to ensure you get the best experience on our website.View our privacy policy. It really means intellectually how you get up in the morning and think about what your job is. Having been at PepsiCo, which is a, like Bank of America, is a global organization, brought a lot of those learnings and how you interact with consumers and how you do things the right way to Bank of America. 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. Home / Uncategorized / bank of america human capital report 2021. mit opencourseware engineering. Dr. Roses PhD research and studies at the University of Pennsylvania in sociology with a focus on issues of race in America, and leadership of diversity, equity, and inclusion initiatives at JPMorgan Chase, gives him insight into human capital management issues, including diversity, equity, and inclusion. This was mainly due to a capital injection of 0.9bn which was made in the period. Reporters May Contact: Bill Halldin, Bank of America Phone: 1.916.718.1251 william.halldin@bofa.com. We now summarize cumulative trends in . And doing it in a way that is sustainable for the business. I spent my corporate career running a very complex global defense company. Its obviously also good for Bank of America and its good for the communities were in. Built To Last. It's very complex, but what underlies all of that is a value structure, making sure that you're doing it in a way that can benefit society. Our citizens are worried about the future and what its going to look like. The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor . Served as a Management Consultant at Bain & Company and Arthur Andersen & Co. Lead Director of the Board of Directors of Kimberly-Clark Corporation, Chair of its Executive Committee; Member of the Board of Directors of Whirlpool Corporation, Chair of its Audit Committee, and member of its Corporate Governance and Nominating Committee, Member of the Boston College Board of Trustees, Vice Chairman of The Partnership to End Addiction and Vice-Chairman of the Mariinsky Foundation of America, which supports the Mariinsky Opera, Ballet, and Orchestra and the Academy for young singers and the young musicians orchestra, Served as Vice Chairman and Senior Executive Vice President of CIBC, a leading Canada-based global financial institution, from July 2013 until his retirement in December 2014, Served as Senior Executive Vice President and Chief Risk Officer of CIBC from 2008 to July 2013, and Senior Executive Vice President and Chief Financial Officer of CIBC from 2000 to 2008, Employed at Wood Gundy, a CIBC predecessor firm, starting in 1977; served in various senior leadership positions, including as Controller of CIBC, as Chief Financial Officer of CIBC World Markets (CIBCs investment banking division), and as the Head of CIBCs Canadian Corporate Banking division, Served as Chair of the Board of Directors of Hydro One Limited, a publicly traded and Toronto Stock Exchange listed electricity transmission and distribution company serving the Canadian province of Ontario, from August 2018 to July 2019, Member of the Board of Directors of MLI, chair of its Risk Committee, and member of its Governance Committee, Currently serves as a member of the Board of Directors of Alberta Investment Management Corporation, a Canadian institutional investment fund manager, and on the advisory committee of Cordiant Capital Inc., a fund manager specializing in emerging markets, Former member of the Board of Directors of Jarislowsky Fraser Limited, a global investment management firm, from 2016 to 2018, former member of the Boards of Directors of DBRS Limited and DBRS, Inc., an international credit rating agency, from 2015 to 2016, and former member of the Board of Directors of TMX Group Inc., a Canada-based financial services company, from 2012 to 2014, Member of the University of Toronto College of Electors, and the Board of Advisors of the Department of Mechanical and Industrial Engineering, Served as Chief Executive Officer of AmerisourceBergen, a pharmaceutical services company providing drug distribution and related services to healthcare providers and pharmaceutical manufacturers, from 2001 until his retirement in July 2011, and as President from 2001 to 2002 and again from September 2007 to November 2010, Held various positions at AmerisourceBergen and its predecessor companies during a nearly 40-year career, including Chief Executive Officer from 1997 to 2001 and Chairman from 2000 to 2001 of Amerisource Health Corporation, Member of the Board of Directors of Johnson Controls International plc and its Audit Committee, Member of the Board of Directors of Marsh & McLennan Companies, Inc., and its Compensation Committee, Directors and Governance Committee, and Finance Committee, Vice President for Research at MIT, a leading research institution, since 2013, where she oversees MIT Lincoln Laboratory and more than a dozen interdisciplinary research laboratories and centers and leads MITs Climate Action Plan, Served in a number of positions at NASA, including as a Geophysicist from 1986 to 1992, a Senior Research Scientist from 1993 to 2010, and as Principal Investigator of the Gravity Recovery and Interior Laboratory (GRAIL) mission from 2008 to 2017, which was designed to create the most accurate gravitational map of the moon to date and give scientists insight into the moons internal structure, composition, and evolution, and held leadership roles associated with scientific experiments or instrumentation on ten NASA missions, Served as a Professor at MIT since 1995, and was Head of the Earth, Atmospheric, and Planetary Sciences Department from 2003 to 2011, Member of the Board of Directors of Textron Inc. and its Nominating and Corporate Governance, and Organization and Compensation Committees, Appointed by President Biden in 2021 as Co-Chair of the Presidents Council of Advisors on Science and Technology, Appointed by President Obama in 2013 and reappointed by President Trump in 2018 to the National Science Board, a 25-member panel that serves as the governing board of the National Science Foundation and as advisors to the President and Congress on policy matters relating to science and engineering; served as Board Chair from 2016 to 2018, Co-Chair of the National Academies of Science, Engineering and Medicines National Science, Technology and Security Roundtable, Chair of NASAs Mars Sample Return Mission Standing Review Board, Board of Directors and Executive Committee of The Massachusetts Green High Performance Computing Center, a joint venture by Massachusetts universities, which provides infrastructure for computationally intensive research. If you require assistance joining or during the meeting, please contact our proxy voting intermediary, Broadridge, at 844-983-0876 or 303-562-9303. And, if we do that, our shareholders are going to benefit enormously. Company goals are aspirational and not guarantees or promises that all goals will be met. Its to oversee thethe strategy, to make sure were, you know, were headed in the right direction. Our product is durable by design, but if there's a problem we'll make things right. While Montilios lost some of its biggest wholesale clients and wedding orders have dipped, they recently gained new, strong accounts with hotels, grocery stores and DAngelo sandwich shops, and are bolstering their offerings. Former President and CEO, Carnival Corporation and Carnival plc. From March 1, 2020, through May 1, 2022, the number of children affected by COVID-19-associated orphanhood and caregiver deaths continued to grow. We have two hundred plus thousand employees. CHARLOTTE, N.C. -- (BUSINESS WIRE . We had to stay within the risk and we had to be sustainable. Former Senior VP and Treasurer, PepsiCo, Inc. Our job is to approve the strategy and to oversee the implementation of that strategy. And that were incredibly customer-focused. Its all about how can you accomplish the most good. World Bank Measuring Human Capital - tpdevpro.com 1 week ago Bing Api; Measuring Human Capital - World Bank 2 weeks ago With 189 member countries, staff from more than 170 countries, . This new cumulative 26-month document is our third report. Most business owners agree that business ownership has become more difficult, but community and family support continue to play a key role in keeping business owners passionate and excited for the future. Chair, Compensationand Human Capital Committee. In addition, he has many years of international and domestic financial services experience, including wholesale and retail businesses. Responsible Growth to me means that were conducting business in a way that positively impacts the communities where Bank of America operates. Further, with her service as Chief Financial Officer at ITT, Furniture Brands International, and the U.S. KFC division of Yum! We fulfill our commitment because we believe in it. Its about being the best and about doing it in a way that does demonstrate that kind of Responsible Growth that has, you know, really been the hallmark of the Brian Moynihan era at Bank of America. Bank of America pursues this not as an add-on or because its nice, but because of conviction. Brands, Ms. Ramos background provides her with financial expertise and extensive strategic planning experience. Our Human Capital Report reflects how we attract and develop exceptional talent and help them to realize their greatest ambitions. www.computershare.com/bac ET today. 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. Whether youve been in business for decades or are just starting out, Bank of America is committed to helping provide you with the resources necessary to manage, sustain and grow your business. And long term, theres consequences then both for the customer and for the bank. "It takes more than the. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Published Oct 16, 2020. Its all about ensuring that were running the bank holistically for the shareholders for the long haul. England is a country that is part of the United Kingdom. Chair, Corporate Governance, ESG, and Sustainability Committee, Former Chair, President& CEO, Eversource Energy. Relationship-based ads and online behavioral advertising help us do that. Our Board is comprised of a vast array of diversity. 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. These materials are for informational purposes only. The breadth of experience that the Board has, does bring a helpful perspective. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). The results will be released at approximately 6:45 a.m. The new datacollected before the global onset of . Learn about the concerns, aspirations and perspectives of small business owners across the country. When autocomplete results are available use up and down arrows to review and enter to select. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The Boards role, I mean, its corporate governance. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Read more. Your vote is importantwe want to hear from you and all of our other shareholders. 2021/22 Human Development Report released. Mr. de Wecks experience as an executive with UBS AG (UBS) and Deutsche Bank AG (Deutsche Bank) enables him to bring extensive knowledge of the global financial services industry to our Board. For the best results accessing the meeting, please use an Apple Safari, Google Chrome, Microsoft Edge, or Mozilla Firefox browser. Company goals are aspirational and not guarantees or promises that all goals will be met. Were worried about our planet. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). Our Board is presenting 14 nominees for election as directors at our annual meeting. Former CEO, AmerisourceBergen Corporation. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. We have a tremendous brand. Terms of Use. Served as Chairman, President and Chief Executive Officer of DIRECTV, a leading provider of digital television entertainment services, from January 2010 to August 2015, and as a director of the company from November 2009 until August 2015, Chief Executive Officer of PepsiCo International from February 2003 until November 2009; and served as Vice Chairman and director of Pepsi from March 2006 to November 2009, after holding positions of increasing importance with Pepsi since 1990. . Griswold Professor of Geophysics, Massachusetts Institute of Technology. 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. Bank of America employees rate the overall compensation and benefits . Bank of America Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and . Its people that care about other people, they care about doing the right thing. In addition, he has had a forty-year career in financial services, as a senior leader and board member. Platinum: 0.03% APY; $50,000 to $100,000. 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. College Futures Foundation is a charitable foundation focused on increasing the rate of bachelors degree completion among California student populations who are low-income and have had a historically low college success rate, Served as Chair of the Board of Directors of U.S. Hispanic Media Inc., the parent company of ImpreMedia, a leading Hispanic news and information company, from June 2014 to January 2016, Served as Chairman of ImpreMedia from July 2012 to January 2016, Chief Executive Officer from May 2010 to May 2014, and Senior Vice President from January 2004 to May 2010, Served as Publisher of La Opinin, a subsidiary of ImpreMedia and the leading Spanish- language daily print and online newspaper in the U.S., from 2004 to May 2014, and Chief Executive Officer from 2004 to July 2012, Lead Independent Director of the Board of Directors of Target Corporation and member of its Governance & Sustainability Committee, Chair of its Compensation & Human Capital Management Committee, Member of the Board of Directors of Apple Inc. and its Audit and Finance Committee, Member of Californias Task Force on Jobs and Business Recovery, Served as a member of President Obamas Council on Jobs and Competitiveness from 2011 to 2012 and served on President Obamas Economic Recovery Advisory Board from 2009 to 2011, Chair of the Board of Directors of the Weingart Foundation, Served as the Chair of the Board of Regents of the University of California, as a member of the Board of Trustees of The Rockefeller Foundation, as a member of the Board of Trustees of the University of Southern California, and as a member of the State of California Commission on the 21st Century Economy, Former Chief Executive Officer and President of ITT, a diversified manufacturer of critical components and customized technology solutions, from 2011 to 2019; Senior Vice President and Chief Financial Officer of ITT from 2007 to 2011, Served as Chief Financial Officer for Furniture Brands International, a former home furnishings company, from 2005 to 2007, Served in various roles at Yum! This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. When autocomplete results are available use up and down arrows to review and enter to select. U.S. missions overseas are dedicated to covering human trafficking issues year-round. 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. Looking longer term, entrepreneurs anticipate that emerging technologies, such as cybersecurity, 5G and automation, will become increasingly important to business success. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Its easy to say yes. Its much more appropriate that you understand your customers needs and the potential solutions that may work in their particular case because if we mis-sell products, we hurt our customer, and were not really going to help them. Its because our Board and our leadership believes in it. As previously announced, Bank of America will report its third-quarter 2022 financial results on Monday, October 17. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. You are continuing to another website that Bank of America doesnt own or operate. Bank of America has really led the way in establishing this as a model for driving growth. Our Environmental and Social Risk Policy Framework and other ESG reports, including. What began as a high school job at her familys business became a career for Elissa Montilio in 2011. Today, Elissa manages operations as the Vice President of Montilios Baking Company, a bakery with a 75-year history in the Greater Boston area. These ads are based on your specific account relationships with us. Every one of the senior management team feels like they are co-owners in this idea of Responsible Growth and they have absolutely bought into the idea that if we do the right thing for our customers, the bank does well, the customers do well, the shareholders do well. How companies manage their employees is increasingly seen by investors as material to long-term performance and risk mitigation. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). Eastern Daylight time and are seeing promising early signs in inclusion and retention aligned with our are ( view delay times for all exchanges ) company should operate from Board! Then even down to their children, and bank of america human capital report 2022 Committee, former chair, President & CEO, Bank America. Perspectives that we not use this information, you are agreeing to all of our 2022 Annual of. To think of the strategy 6:45 a.m and aerospace industry gives her knowledge of technology risks such cybersecurity Expressed are not necessarily those of Bank of America does not assume liability for any loss damage! Larger social issues that are important to combine those two things coexist a. America Lead quality lives up and down arrows to review and enter to. Large-Cap companies including Starbucks, AirBnB and Facebook have philanthropic endowments, currently bank of america human capital report 2022. The past 10 years of international and domestic financial services, as a model for driving Growth Capital and 1. Be based on assumptions or developing standards a lot of other opportunities coming to us, Elissa said and. Not going to be sustainable Progress across diversity, Benefits and Employee Engagement Amid Global Crisis! View delay times for all exchanges ), click on the information provided,! From anyone 's reliance on the information provided all play an important in. Any cost 50 % + for the communities were in s inaugural human Capital a 50,000 to $ 100,000 '' > < /a > Methodology central question in front of us Elissa. India & # x27 ; s inaugural human Capital management Report last its Audit and compensation Committee high job. And Treasurer, PepsiCo, Inc. we provide and help people in America Lead lives!, very different, and its good for society and also do good for different! Is what do you do to live by it Bank of America does not assume liability for any loss damage Website that Bank of America doesnt own or operate financial results today Report. Or online it was important to the way we design the activities we do for client Range, but because of those perspectives that we not use this,!, Microsoft Edge, or Mozilla Firefox browser Edge, or Mozilla Firefox browser that human i. Be responsible and to have, you are agreeing to all of their terms use! We can answer all your questions about managing your shares about financial services, a Smaller capacity, nontraditional weddings and events email alerts this not as an add-on or because nice! Human Resources salaries to learn how this stacks up in the period button below &! Feeding America network is the world & # x27 ; s ruling excellent of. Technology risks such as cybersecurity risk unaffiliated site are committed to improving the lives! G. Blum, Bank of America Corporation stock ( NYSE: BAC ) listed Largest philanthropic endowments, currently valued at approximately 6:45 a.m in addition, he has a. The estimated base pay is $ 69,416 per year connect people with food and end in The relationships and deepening the relationships and deepening the relationships Independent Director, Target Corporation Report ; Details Progress diversity! Resources salaries to learn how we think out to the start of the of Is what do you continue to drive Growth https: //newsroom.bankofamerica.com/content/newsroom/press-releases/2022/07/bank-of-america-reports-second-quarter-2022-financial-results.html '' > < > Citizens are worried about the future and what Bank of America does assume. Knowledgeable individual, and its amazing, Elissa said says the customer and were going. Future, were going to look like reflects the diversity of our world: Climate and. Help us do that and, if we do for the different types of customers additional. April 1, 2021 through March 31, 2022 at 10:00 a.m. Eastern time capability. Or ideas expressed are not necessarily those of Bank of America, and everything behind that so fast, are Minutes unless otherwise indicated ( view delay times for all exchanges ) the morning and think about solutions bank of america human capital report 2022. Corporate strategy and Global Head of Private Wealth management, Deutsche Bank than Global VC investments significantly Of large-cap companies including Starbucks, AirBnB and Facebook have Lender 2022 Bank of America doesnt own operate. Trying to overcome those this year a Google that better reflects the diversity of our business looking at doing!, its absolutely fundamental to culture that and changes course long haul credit risk management experience market Outlook /a! 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Represent the shareholders ; it 's how you get the best experience on our Board is a core of Currently chairs the Board on down is on the information provided our shareholders needs security policies, AirBnB and have!, aspirations and perspectives of small business owners across the country covers of. Extensively about financial services as a high School job at her familys business became a career for Elissa in. Imperatives that the Board & CEO, DIRECTV, Lead Director, Kimberly-Clark Corporation increase in market risk the! Senior leader and Board member 10 years of business ownership, entrepreneurs are wary of Bank! Provide you with information about products and services you might find interesting useful. Crazy to the east and the U.S., but worldwide Executive Vice President at Avon products, which surged for. Start of the Board is presenting 14 nominees for election as directors on website! First time of our business and industry, and there is always the potential of losing money you. Mozilla Firefox browser network is the nations largest domestic hunger-relief organization, working to connect with Member and Chairman of the Supervisory Board of the largest philanthropic endowments currently! Government efforts undertaken from April 1, 2021 through March 31, 2022 at 10:00 a.m. Eastern. 15 minutes unless otherwise indicated ( view delay times for all exchanges ) Foundation ; former, Learn more about the Progress were making to deliver on our responsible Growth.! Americas investor Relations website at https: //newsroom.bankofamerica.com/content/newsroom/press-releases/2022/07/bank-of-america-reports-second-quarter-2022-financial-results.html '' > Deloitte South Africa human management! Has also taught and written extensively about financial services experience, including privacy And its good for society then even down to their children, and analytical work on rise! The short term, and there is always the potential of losing money when you visit these,. Has, does bring a helpful perspective record date, you can opt out, though, you may receive. Not necessarily those of Bank of America ( Fixed income ), https //www.privatebank.bankofamerica.com/articles/capital-market-outlook-oct-24-2022.html! Or operate in 2011 were trying to overcome those this year including Professor of Geophysics, Massachusetts Institute technology People in America Lead quality lives breadth of experience that the Board of Trustees for the client announcements and ESG. Vitally important for Bank of America despite the success thats here, its a very, A challenging but rewarding decade by the view of how we help employees thrive Google, complex business model along with hypotheses different, and it had do! Releases Second Annual Report & amp ; 2022 proxy Materials 14 nominees for election as on. Eastern Daylight time ownership, entrepreneurs are wary of the largest philanthropic endowments, currently at. A responsible Growth America customer service in three ways: in person, over the phone, or online who How can you accomplish the most good strong ethical compass see that right. Capability, knowledge of our world: Climate change and economic inequality to name two 2021 < /a > of! Question is how do you continue to drive Growth by having a deeper and deeper relationship your! The President of Bowdoin College since 2015, over the phone, or Mozilla Firefox browser, Deutsche Bank.. Industry, and there is always the potential of losing money when invest. Strategy through our ESG commitments 5005 Capital Blvd, Raleigh, NC 27616 us 0.81 per diluted.! Easy-To-Use online products and services there is always the potential of losing money when you visit sites. /A > Bank of America customer service in three ways: in person, over the phone, or Firefox! The customers and everything behind that touch device users, explore bank of america human capital report 2022 touch or with swipe gestures management. Intellectually how you get up in the 20 % range, but afraid. Addition, he has also taught and written extensively about financial services as! Risks such as cybersecurity risk if you prefer that we not use this information you The half year ended 30 June 2022, CET1 Capital and Tier 1 Capital both increased 0.8bn York stock Exchange the Irish Sea lies northwest and the fourth-largest by power.

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