We work to build trust with our stakeholders, which we believe promotes transparency in our company and contributes to sustainable growth. Our approach to corporate governance and responsible operations helps us drive long-term growth and create value in all areas, including social practices and environmental stewardship. Corporate governance McKesson is committed to, and for many years has adhered to, sound and effective corporate governance practices. The Company's Board is committed to diligently exercising its oversight responsibilities of the Company's business and affairs, consistent with applicable federal and state laws, and the New York Stock Exchange (NYSE) listing standards. Board of Directors McKesson’s Board represents a diverse mix of skills, experiences, and perspectives. We believe that diversity helps to make our Board more effective and creates opportunities for robust dialogue and more effective decision making. Demographics/diversity In FY21, 36% of our Board members were women and 27% were people of color. At the time of our 2021 Annual Meeting, one of our five standing committees was chaired by a woman, and the median tenure of our directors was 4.2 years. Independence On April 1, 2019, we adopted an independent chair structure and separated the board chairperson and CEO roles. Apart from our CEO, all other Board members are independent, which follows the NYSE listing requirements and our Corporate Governance Guidelines. Tenure The Board routinely evaluates its composition and refreshes its membership. At least one new director has joined our Board each year since 2018. In 2022, we plan to implement a policy requiring directors with more than 12 years of tenure to offer to resign from Board service annually. After careful consideration, the Board may accept or reject the resignation. If the Board decides it is in the best interest of the company and its shareholders to reject a resignation, the Board will disclose its rationale. We also have a general policy that no director who will attain the age of 75 years by the next annual meeting will be nominated for re-election. In FY21, 36% of our Board members were women. Introduction Stories Employees Access Equity Climate Operations >Table of Contents | 52 FY21 Impact Report