FIRST CITIZENS BANCSHARES INC /DE/

The proposal asks the Board to evaluate and publicly report, within one year, the reputational, human capital, operational, legal, and other risks associated with not recognizing faith-based employee resource groups (ERGs). The supporting statement argues that faith-based ERGs can aid inclusion, employee engagement, and retention, and notes that many large firms currently lack such ERGs. It cites regulatory and judicial developments concerning religious expression and discrimination risks as additional rationale for a proactive review. The requested report should be prepared at reasonable cost and exclude proprietary or confidential information.