The Procter & Gamble Company (PG) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with guidelines for efficient conduct and shareholder engagement, including a Q&A session and process improvements based on prior feedback.

• Attendees included the board, executive team, auditors, and election inspector, with introductions provided.

Board and executive committee updates

• Fourteen board nominees were introduced, representing diverse backgrounds and expertise across industries.

• Board committee chairs and external auditors from Deloitte & Touche were present to address relevant questions.

Shareholder proposals

• One shareholder proposal requested disclosure of both adjusted and median racial and gender pay gaps.

• The proponent argued for greater transparency and alignment with industry peers and international standards.

• The board recommended voting against, citing existing disclosures and concerns about focus on discrete metrics.