THE CORPORATE LIBRARY
BOARD EFFECTIVENESS RATINGS COMMENT


Comment from the SunTrust Banks, Inc.:

May 28, 2003

 

In regard to the specific areas of concern noted, SunTrust views the tenure of its Board members as a positive rather than a negative. We believe that our Board members' tenure on the SunTrust board makes them more knowledgeable about the company's strategic priorities and ongoing operations, making it easier to make decisions and assess risk. In addition, their familiarity with the corporate culture and knowledge of the management team assists in effective succession planning.

Additionally, we feel that our Board members' experience on other boards and as CEOs of other companies benefits SunTrust by bringing to the table perspectives from other organizations as well as an enhanced view of overall corporate and industry trends.

 

Julie Teachout
SunTrust Human Resources
(404) 658-4256
(404) 658-4294 (FAX)
julie.teachout@suntrust.com

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