Pamela Joyner
Director at APO
Board
About Pamela Joyner
Pamela Joyner (age 67) is an independent director of Apollo Global Management, Inc. (AGM) and serves on the Nominating and Corporate Governance Committee; she joined the AGM board in January 2022 after serving as an independent director of Apollo Asset Management (AAM) from March–December 2021 . Her board tenure is four years including legacy service, and she brings prior regulated-company board experience from First Republic Bank, where she served for over 17 years until May 2023 . Joyner is a founding partner of Avid Partners LLC and previously held senior positions at Bowman Capital Management LLC and Capital Guardian Trust Company . She holds a B.A. from Dartmouth College, an M.B.A. from Harvard University, and an Honorary Degree from Dartmouth .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Avid Partners LLC | Founding Partner | Not disclosed | Strategic marketing consulting expertise |
| Bowman Capital Management LLC | Senior positions | Not disclosed | Investment/asset management experience |
| Capital Guardian Trust Company | Senior positions | Not disclosed | Institutional investment management experience |
| First Republic Bank | Independent Director; Chair of Investment and Compensation Committees; Governance Committee Member | Over 17 years; ended May 2023 | Committee leadership and governance oversight at a regulated company |
| Apollo Asset Management (AAM) | Independent Director | Mar–Dec 2021 | Board service pre-AGM consolidation |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Dartmouth College | Trustee Emeritus | Not disclosed | Higher education governance |
| Tate Americas Foundation | Chair Emeritus | Not disclosed | Arts institution leadership |
| Art Institute of Chicago | Trustee | Not disclosed | Museum trustee role |
| J. Paul Getty Trust | Trustee | Not disclosed | Cultural institution trustee role |
| San Francisco Ballet Association | Co-Chair (previously) | Not disclosed | Performing arts leadership |
Board Governance
- Independence: The AGM Board determined Joyner is independent under NYSE rules and AGM’s corporate governance guidelines; all members of the key committees (Audit, Compensation, Nominating & Corporate Governance, Sustainability & Corporate Responsibility) are independent .
- Committee assignment: Joyner serves on the Nominating & Corporate Governance Committee (five meetings in 2024); committee responsibilities include board composition, director nominations, independent director compensation, governance guidelines, and board/committee evaluations .
- Attendance: In 2024, the Board held four meetings; each director attended at least 75% of the aggregate board and committee meetings they served on. Fourteen directors attended the 2024 annual meeting of stockholders .
- Board leadership: AGM employs a combined Chair/CEO model with a Lead Independent Director (Gary Cohn, effective April 21, 2025) who presides over executive sessions and approves board materials, agendas, and schedules; the board oversees compensation, financial, sustainability, and cybersecurity risks through its committees .
Fixed Compensation
| Component | Annual Amount ($) | Notes |
|---|---|---|
| Base annual cash retainer (independent director) | 150,000 | Basis for director stock ownership guideline multiple |
| Lead independent director or independent chair fee | 100,000 | Incremental to base retainer |
| Committee chair fee (including ad hoc) | 25,000 | Incremental to member fee |
| Committee member fee (including ad hoc) | 25,000 | Applies to standing and ad hoc committees |
| Pamela Joyner – 2024 Director Compensation | Cash Fees ($) | Stock Awards ($) | All Other ($) | Total ($) |
|---|---|---|---|---|
| AGM Board service (year ended 12/31/2024) | 175,000 | 199,989 | — | 374,989 |
Notes: Director RSUs are valued at grant-date fair value per FASB ASC 718; unvested director RSUs are not entitled to dividends or equivalents; Joyner elected to defer settlement of her 2024 annual RSU grant until her board service concludes .
Performance Compensation
| Equity Award Feature | Detail |
|---|---|
| Annual RSU grant (independent directors) | Welcome grant of $200,000 (or $250,000 for Lead Independent Director), with annual grants thereafter; RSUs vest on or about July 1 of the year following the grant . |
| Deferral election | Continuing independent directors may elect to defer receipt of RSU settlement and/or cash retainer until service termination; Joyner elected RSU settlement deferral for her 2024 grant . |
| Dividends | Unvested director RSUs are not entitled to dividends or dividend equivalents . |
| Performance metrics | None disclosed for director awards; RSUs are time-based (no TSR/financial metric linkage for directors) . |
Other Directorships & Interlocks
| Company | Current/Former | Role | Committee Roles |
|---|---|---|---|
| Apollo Global Management, Inc. | Current | Director | Nominating & Corporate Governance Committee member |
| First Republic Bank | Former | Independent Director | Chair of Investment and Compensation Committees; Governance Committee member |
No other current public company directorships were disclosed for Joyner beyond AGM .
Expertise & Qualifications
- Founding partner and senior investment-management roles bring financial literacy and regulatory/compliance experience to the board .
- Public board experience and Apollo business/industry understanding marked in AGM’s skills matrix for Joyner .
- Education: B.A. Dartmouth; M.B.A. Harvard; Honorary Degree Dartmouth, reinforcing governance and analytical capabilities .
Equity Ownership
| Holder | Common Stock Beneficially Owned (shares) | % of Outstanding | Basis |
|---|---|---|---|
| Pamela Joyner | 11,790 | <1% (asterisk per table) | Outstanding shares: 570,432,275 as of Apr 1, 2025 |
| Director Ownership Guidelines | Requirement | Status/Compliance Framework |
|---|---|---|
| Equity ownership | Independent directors expected to hold ≥5x base retainer ($150,000), assessed annually; includes outright shares, vested RSUs, and eligible deferred holdings. Directors with ≥5 years exceed; those <5 years (Joyner at 4 years) are on track and expected to retain all shares until compliant . |
| Investments in Apollo Funds (Related Party Context) | 2024 Personal Capital Committed/Invested ($) | 2024 Distributions ($) |
|---|---|---|
| Pamela Joyner | 498,224 | 118 |
Directors and executives are generally permitted to invest in Apollo-managed funds, certain Athene annuity products, and select third-party sponsored vehicles, often on reduced-fee terms; this opportunity is broadly available to directors and certain personnel and monitored under related-party policies .
Governance Assessment
- Board effectiveness and independence: Joyner is an independent director with committee responsibility for governance, nominations, and director pay; AGM’s governance framework provides majority independent oversight with independent committee leadership and a Lead Independent Director structure .
- Attendance and engagement: The board met four times in 2024, and each director achieved at least 75% attendance across board and committee meetings, indicating baseline engagement; AGM also highlights executive sessions and annual evaluations .
- Compensation and alignment: Joyner’s 2024 pay shows a meaningful equity component via RSUs, with time-based vesting and a personal deferral election signaling long-term alignment; unvested RSUs receive no dividends, and independent directors must meet robust stock ownership guidelines (≥$750,000 equivalent) within five years .
- Potential conflicts and related-party exposure: Joyner invested personal capital in Apollo-managed funds in 2024; such investments are permitted and monitored under AGM’s Related Person Transactions Policy overseen by the Audit Committee, with defined thresholds and recusal protocols .
- Risk controls: AGM prohibits speculative hedging/shorting by directors, officers, and employees, with limited exceptions for certain senior leaders under stringent conditions; clawback and recoupment policies apply to incentive compensation across the firm, and committee charters/independent consultants support compensation governance .
RED FLAGS
- None specifically disclosed for Joyner regarding hedging, pledging, or material related-person transactions beyond permitted fund investments described and subject to policy oversight .
- Note: Joyner’s prior service at First Republic Bank is disclosed; AGM does not provide additional commentary on that board’s outcomes in the proxy; investors may consider broader context separately from AGM filings .