Corporate Governance Firm Recognizes NCR for Extraordinary Efforts

NCR Corporation, has been recognized by corporate governance firm ISS for its governance practices in connection with its proposal to declassify its Board of Directors, which was approved at 2016 annual meeting of stockholders. Declassified boards, also referred to as destaggered boards, are elected in their entirety each year by stockholders, with every director standing for election. Staggered boards typically have only a portion of the directors up for election each year, with each member serving a multi-year term. “Corporate governance leadership is a top priority for the NCR Board of Directors, and we appreciate the recognition from ISS for our efforts,” said Bill Nuti, Chairman and CEO, NCR Corporation. “I applaud our Board for approving thorough solicitation activities to achieve this result, despite the challenging technicalities that prevented approval in prior years.”