Introduction

Navient agreed to share the impetus as well as its process involved with recruiting multiple board members, as it sought to diversify the experience and composition of its board to align with Navient’s strategic growth priorities.

Company Profile

Navient is the nation’s leading loan management, servicing and asset recovery company. The company helps more than 12 million student loan borrowers and customers of more than 1,000 public and private sector clients navigate the path to financial success. Navient began trading under ticker symbol “NAVI” on May 1, 2014, after successfully completing a strategic separation from SLM Corporation.

As of October 2016, Navient has 11 members on the company’s Board of Directors, with 55 percent represented by women. Women are represented on all the board committees, to include: executive, audit, finance, compensation and nominations. Women also chair two of these committees—-audit and compensation.

  1. What drove the Company’s commitment to elect a woman to the Board?

Introduction

Management agreed to share the impetus as well as its process involved with recruiting its first female board member. While the process was time consuming, the effort ultimately was successful in achieving the goals of strengthening the make-up of the Board and increasing gender diversity.

Company Profile

A publicly traded energy company with 2014 revenues in excess of $4 billion, there are now 9 members of the board of directors, including its recently appointed first female board member. She now serves on both the nominating and audit committees.

  1. What drove the Company’s commitment to elect a woman to the Board?

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