Company: BRK-A
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054877
Chunk: 35

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 35
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 between increased manager diversity and key financial performance indicators, including: return on equity, return on invested capital, and revenue growth, particularly in the financial sector.40 |

| • |     | A 2024 meta-analysis found companies with diversity and inclusion initiatives experience a range of benefits that include increased innovation, enhanced employee engagement and satisfaction, and improved decision-making.41 |

| • |     | American Banker, PwC, Bloomberg, and others have also emphasized the importance of diversity, equity, and inclusion to a company’s financial performance.42 |

The benefits of diverse and inclusive teams include access to top talent, widened understanding of consumer preferences, broadened leadership skills, and improved risk management. Racial and gender discrimination are also prohibited under the Civil Rights Act of 1964. Poor human capital management can lead to costly discrimination lawsuits and brand damage. As examples, within Berkshire companies: HomeServices of America paid $24.4 million to resolve allegations of lending discrimination and GEICO paid $6 million to settle a complaint it discriminated against women and others. 43 Berkshire is a decentralized holding company. However, the Board remains responsible for ensuring the success of its companies and their ongoing contribution to shareholder value. Human capital oversight at the Board level will empower Berkshire’s companies to ensure meritocratic workplaces that allow each employee to excel on the basis of their own merits, regardless of their race, gender or other diversity characteristic. RESOLVED:Shareholders request that Berkshire Hathaway designate a Board Committee to oversee the Company’s diversity and inclusion strategy across its holding companies. THE BOARD OF DIRECTORS UNANIMOUSLY FAVORS A VOTE AGAINSTTHE PROPOSAL FOR THE FOLLOWING REASONS: Berkshire’s Board recommends a “no” vote on this proposal. A Board Committee to oversee the Company’s diversity and inclusion strategy is already in place and the Board believes this proposal is unnecessary. As set forth in the Company’s Audit Committee Charter, the function of the Company’s Audit Committee is oversight. In 2022, the Company amended its Audit Committee Charter to clarify the Audit Committee’s duties and responsibilities, including its responsibility to “discuss guidelines and policies governing the process by which senior management of the Company and the relevant departments of the Company assess and manage the Company’s exposure to risk, including cybersecurity threats and environmental and social risks such as climate change and diversity, respectively…” Consistent with its Charter, the Audit Committee meets once every quarter, or more frequently if circumstances dictate, and its members discuss guidelines and policies governing the