Home depot annual report

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Home depot annual report

Frank Blake Good morning and good morning and thank you all for coming to the Annual Shareholders Meeting. Before we start the meeting, I would like to make a few introductions.

I think you may have had a chance to meet some of them earlier this morning. The members of our senior leadership team are also here and I would like them just to stand, thank you all. We will begin today's meeting with the formal business portion.

This consists of the election of directors named in the proxy statement, ratification of auditors and consideration of the company and shareholder proposals. After that I will provide a brief business overview and then open the floor for questions.

I now officially call the annual meeting of the shareholders of The Home Depot to order. As of March 25,which is the record date for the meeting, there were approximately 1.

A majority of these shares is needed for a quorum and majority are represented here today and we have a quorum. If you haven't voted yet and would like to vote today, please raise your hand now, so we can give you a ballot.

We will collect your ballots after all the proposals have been presented. So raise your hand if you need a ballot?

The first item of business is the election of directors which is Item 1 on your ballot.

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Your Board recommends that you vote for each of these directors. We will now move on to the next proposal. The next item is the ratification of the appointment of KPMG as the independent auditors of the company for fiscalItem 2 on your ballot.

Your board recommends that you vote for this proposal. Your Board recommends that you vote for this proposal. We will move on to the next proposal. We will now move on to the shareholder proposals. The next item consideration of the shareholder proposal regarding employment diversity reports is Item 6, on your ballot.

I will ask Ms. Unidentified Speaker Good morning Mr. Chair, members of the board and shareholders who are gathered today. I also represent several members of the Interface Center on corporate responsibility who are shareholders and co-filers to this proposal.

These groups are long term shareholders of The Home Depot. Proposal number six on the ballot, fix the board review of our company's policies regarding disclosure of Equal Employment Opportunity data known as EEO1 Data and public reporting of diversity issues to shareholders.

Home depot annual report

The full text of the proposal can be found on page 28 of the proxy statement. Story Continues Equal Employment Opportunity is an investment concern when allegations of discrimination in the workplace for the shareholders with costly litigation and add risk to a company's brand there is an impact to shareholder value.

Home depot annual report

We can tend descriptions don't go far enough to mitigate potential risk. We appreciate that Home Depot has published the diversity and inclusion report in March ; it did not give a chart identifying employees by gender and raise in each of the EEOC defined categories.

This resolution which has been filed over the past several years focuses on the importance of measurement and disclosure of diversity issues to its shareholders, to manage diversity companies have to be able to measure it, that is why we have asked the EEO1 data which offers investors a measurement tool and EEO report is submitted annually by Home Depot to the Equal Employment Opportunity Commission providing data to shareholders would not pose an added financial burden.

The company actually did provide the information for one year and then stopped. In the absence of meaningful disclosure investors cannot fully assess potential risk on Depot faces nor for that matter identifies successful diversity efforts.The business publication appreciates the fact that Home Depot generated an “estimated $90 billion in annual revenue in without opening a new big-box store” in three years.

Information on record in the Clerk's Office of the Commission is listed below. If no information is listed or a change to the information is needed, the annual report must be submitted on a paper annual report form that has been furnished by the Commission. Watch video · Home improvement chain Lowe's on Wednesday followed larger rival Home Depot in reporting better-than-expected quarterly sales as strength .

Management’s Responsibility for Financial Statements The financial statements presented in this Annual Report have been prepared with integrity and objectivity and are the responsibility of the management of The Home Depot. in providing reasonable assurance regarding the reliability of financial reporting and the preparation of financial.

Jun 28,  · Home Depot is a large public corporation that is required to use the accrual method of accounting. This should be on the accountant's notes to the financial report, or somewhere else in the annual timberdesignmag.com: Resolved.

The Home Depot ®, the world's largest home improvement retailer, today reported sales of $ billion for the fourth quarter of fiscal , a percent increase from the fourth quarter of fiscal Comparable store sales for the fourth quarter of fiscal were positive percent, and comp sales for U.S.

stores were positive percent.

HOME DEPOT INC - HD Annual Report (K) Notes to Consolidated Financial Statements