Mastercard (MA) AGM 2024 summary

Opening remarks and agenda

• The meeting was held virtually, with technical support available for attendees experiencing issues.

• The agenda and rules of conduct were made available in advance and at the meeting portal.

• All director nominees, including the CEO, and key executives were present, along with the independent auditor and inspector of elections.

Board and executive committee updates

• Senior management, including the CFO, Chief Legal Officer, Chief People Officer, and Chief Risk Officer, attended and were available for questions.

• The board chair expressed gratitude to employees and highlighted their role in innovation and growth.

Shareholder proposals

• Five shareholder proposals were presented: transparency in lobbying, director election resignation by-law, congruency report on privacy and human rights, human rights congruency report, and a report on gender-based compensation and benefit gaps.

• Proponents raised concerns about lobbying disclosure, board accountability, business in China, partnerships with controversial NGOs, and company stances on social issues.

• The board recommended voting against all five shareholder proposals.