Governance
Corporate and Board Governance

Corporate Governance

Equinix is governed by our highly skilled and diverse Board of Directors (Board) which supports, aligns and advances our business to serve our customers and all other key stakeholders. Currently, the Board comprises 10 directors, including 8 independent directors.

Board of Directors and Governance Information

as of December 31, 2023, except where otherwise noted

10

Size of Board

8

Independent Directors

40%

Women on the
Board (4 out of 10)

1 Year

Board term

8

Board meetings in 2023

Yes

ESG oversight at Board committee level

8.6

Average Board tenure (in years)

Yes

Separate Board Chair and CEO

Yes

Lead Independent Director role

Yes

Code of Business Conduct for directors and executive officers

20%

Self-identify as ethnically diverse
( 2 out of 10)

Yes

Sustainability section in our Proxy Statement

Yes

Business Partner Code of Conduct

Yes

Proxy access

6

Standing Board Committees1

1Standing Board Committees include Audit; Finance; Nominating and Governance; Real Estate; Stock Award; and Talent, Culture and Compensation.

Equinix Board Diversity

Our vision is to build a culture where every employee, at all levels, feels a sense of belonging. The Equinix Board strongly supports this vision and recognizes the importance and value of diversity in its membership.

When selecting new members for the Board, our Corporate Governance Guidelines and the Nominating and Governance Committee Charter require the Committee to ensure qualified women and individuals from underrepresented groups are included in the pool from which the Board nominees are chosen.

We provide the Board with a self-identification survey, empowering members to define their own identities.  As of December 31, 2023, 20% of the Board self-identified as ethnically diverse, and 40% self-identified as women.

We value fresh ideas, perspectives and skills that new directors bring to Equinix as well as the depth of expertise of longer-tenured directors. The Board believes that a mix of tenures provides the best possible oversight.

8.6 years

Board average tenure

New members added in 2018, 2019, 2020, 2022 and 2023

4 out of 5 of our most recently added members identify as female and/or ethnically diverse

Board believes that a mix of tenures provides optimum oversight

62.5 years

Board average age

Board believes diversity in age provides benefit

Average age of our three newest Board members is 56.9 years old

Jeetu Patel is the youngest member of the Board at 52 years old

Board diversity

20% Ethnically Diverse, Female

Currently in compliance with Nasdaq listing standards

Nasdaq matrix can be found on our website and in our proxy statement

Equinix complies with all applicable board and governance laws and regulations, including those pertaining to board diversity. As of December 31, 2023, Equinix is compliant with all applicable governing laws and regulations related thereto. For more details, see our Board & Governance page.

Our Board’s diversity is multi-faceted across our members’ skills, expertise and identities. To learn more about our overarching diversity efforts, please visit Diversity, Inclusion and Belonging.

Skills Matrix

Skills and Experience Nanci
Caldwell
Adaire
Fox-Martin
Gary
Hromadko
Charles
Meyers
Thomas
Ollinger
Chris
Paisley
Jeetu
Patel
Sandra
Rivera
Fidelma
Russo
Peter
Van Camp
Executive
Leadership
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Digital Infrastructure
Services
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Relevant Technology
Depth & Customer
Perspective
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Cloud/Software
Domain Experience
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Global Experience/
Perspective
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Human Capital checkmark checkmark
Go to Market checkmark checkmark checkmark checkmark checkmark checkmark checkmark
Capital Markets checkmark checkmark checkmark
REITs/Real Estate
Development
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M&A Experience checkmark checkmark checkmark checkmark checkmark checkmark checkmark
ESG checkmark checkmark checkmark checkmark checkmark
Finance &
Accounting
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Risk Management checkmark checkmark checkmark
Public Company
Board
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We periodically refresh our Skills Matrix to ensure our Board members possess the abilities required to adapt to the constantly changing landscape of our industry. In 2023, we identified 14 critical skills for Board members. The Nominating and Governance Committee uses the Skills Matrix to identify potential skill gaps and prioritize important skill sets when considering new nominees.

“During my 24 years at Equinix, I’ve observed the internet’s transformative power and Equinix’s role in driving its scalability. As Chairman of the Board, I aim to build a robust Board that mirrors the diversity and dynamism of our team, influencing every facet of our business. This priority is crucial to our success in today’s technology-driven world.”

Peter Van Camp
Chairman of the Board, Equinix

Stockholder Engagement

Equinix engages with many stakeholder groups, including our stockholders, to prioritize and address their key concerns. In 2023, we proactively reached out to our 25 largest stockholders to share an annual update on the company and to solicit feedback on our corporate governance practices and our ESG initiatives and strategy.

We conducted additional outreach in 2023 to seek feedback on our executive compensation program and inform our 2024 executive compensation program design. Our efforts included an opportunity for stockholders to express concerns, provide suggestions and foster ongoing responsible corporate practices.

ESG Oversight

Nominating and Governance Committee

The Nominating and Governance Committee is responsible for ESG oversight. It reviews strategies, policies, practices, performance and reporting related to corporate ESG matters and provides periodic updates to the full Board. This Committee receives an annual update from the Sustainability Program Office on behalf of the Sustainability Executive Steering Committee. Quarterly, the Committee reviews focused environmental metrics. As of December 31, 2023, the Sustainability Executive Steering Committee comprised our Executive Chairman, President and Chief Executive Officer, Chief Financial Officer, Executive Vice President of Data Center Services, Executive Vice President of Global Operations and Executive Vice President, Global General Counsel and Corporate Secretary.

Talent, Culture and Compensation Committee

The Talent, Culture and Compensation Committee provides oversight of human capital management. This includes strategies to attract, develop and retain talent at all levels, cultivate an engaged employee base, make Equinix’s culture a competitive advantage and promote workforce diversity, inclusion and belonging.

Audit Committee

The Audit Committee oversees Equinix’s financial disclosures filed with the Securities and Exchange Commission (SEC).