KC McClure

About KC McClure

KC McClure (age 60) joined the Goldman Sachs Board on February 26, 2025 as an independent director and will serve on the Audit, Risk, and Governance Committees beginning April 1, 2025, following her retirement from Accenture . She is the former CFO of Accenture and holds a degree from Pennsylvania State University’s Smeal College of Business, bringing deep finance, operations, and strategic planning credentials to GS’s board .

Past Roles

Organization	Role	Tenure	Committees/Impact
Accenture plc	Senior Finance Advisor	Dec 2024 – Mar 2025	Advisory role during transition; supported finance and strategy handover
Accenture plc	Chief Financial Officer	Jan 2019 – Nov 2024	Oversaw controllers, treasury, tax, IR, strategic planning and analysis; responsible for financial reporting and controls
Accenture plc	Managing Director, Finance Operations	Jun 2018 – Jan 2019	Led global finance operations
Accenture plc	Finance Director – Communications, Media & Technology	Dec 2016 – May 2018	Business unit finance leadership
Accenture plc	Head of Investor Relations	Sep 2010 – Nov 2016	Led investor communications, capital markets engagement
Accenture plc	Finance Director – Health & Public Service	Mar 2002 – Aug 2010	Business unit finance leadership
Accenture plc	Various finance roles	1988 – 2002	Progressive finance/accounting roles

External Roles

Organization	Role	Tenure	Notes
Penn State Smeal College of Business	Board of Visitors (Member)	Not disclosed	Advisory board service; academic/non-profit governance

Board Governance

Independence: GS determined 12 of 14 nominees are independent under NYSE rules; McClure is independent (non-management) .
Committee assignments: Audit (member), Risk (member), Governance (member), effective April 1, 2025; Audit chaired by Peter Oppenheimer; Risk chaired by Thomas Montag; Governance chaired by David Viniar .
Board/committee cadence and engagement: 2024 saw 86 total Board/Committee meetings; 28 Board meetings; 19 director sessions without management; overall director attendance ~97% (McClure joined in 2025; board-wide signal of engagement) .
Director education and orientation: tailored onboarding >25 hours including business, risk, and committee responsibilities .
Governance practices: overboarding limit of max four public company boards including GS; majority voting with resignation policy; proxy access; strong Lead Director role; regular executive sessions .
Technology risk oversight: Risk Committee formed Technology Risk Subcommittee (TRiS) in June 2024; chaired by Jan Tighe; enhances cyber/technology oversight .

Fixed Compensation

Component	Annual Value	Form/Timing	Notes
Annual RSU Grant	$350,000	Vested RSUs, granted annually in arrears	Shares delivered only after retirement; hold-through-retirement requirement
Annual Retainer	$100,000	Director election of RSUs or cash, paid quarterly in arrears	Compensation prorated by months served (applies for partial-year service)
Committee Chair Fee	$25,000	RSUs or cash, paid quarterly in arrears	Not applicable unless chair role; TRiS chair compensated as chair
Subsidiary Board Service	$50,000 (member) / $100,000 (chair)	RSUs or cash	Only if appointed to subsidiary boards (e.g., GS Bank USA)
2025 Program	Unchanged vs 2024	Fixed amount $450k non-chair / $475k chair under 2025 SIP	Board may decrease; rounding to nearest whole share permitted

Equity emphasis: At least 70% of director compensation in RSUs; directors may elect 100% RSUs; no meeting fees .
Ownership/retention: Must hold all RSUs throughout tenure; shares deliver 90+ days post-retirement; ownership guideline of 5,000 shares or vested RSUs with transition period for new directors .

Performance Compensation

Performance-Based Element	Status	Metrics
PSUs / performance-conditioned awards	Not used for directors	N/A—director equity is vested RSUs with hold-through-retirement requirement

Other Directorships & Interlocks

Company	Current Board	Former Board (past 5 years)	Committee Roles Elsewhere
None disclosed	None	None	N/A

Outside affiliations policy: GS reviews any director affiliations with financial firms for conflicts (legal/reputational/operational/business) and imposes restrictions as needed .

Expertise & Qualifications

Finance and operations leadership: Former Accenture CFO overseeing controllers, treasury, tax, IR, and strategic planning .
Strategic planning and execution: Partnered with Accenture CEO on strategic transformation and reorganization .
Financial reporting oversight: Decades of financial/accounting roles; experience in preparation and review of financial statements .

Equity Ownership

Item	Value	Notes
Vested RSUs held (as of Feb 24, 2025)	0	New director; RSUs deliver post-retirement and must be held during tenure
Ownership guideline	5,000 shares or vested RSUs	Transition period available for new directors
Hedging/pledging	Prohibited	No director has shares subject to a pledge; no hedging RSUs or Common Stock
Group beneficial ownership (context)	~0.55% (20 persons)	No individual director >1% outstanding; group statistic for context

Governance Assessment

Fit-for-purpose committee placement: McClure’s CFO background aligns with Audit and Risk oversight, strengthening GS’s financial reporting and enterprise risk governance; she also participates in Governance Committee oversight of board composition and succession .
Independence and conflict controls: Independence affirmed under NYSE rules; transactions with entities linked to directors (including McClure as an executive officer of a for‑profit entity) were immaterial (e.g., revenues/payments ≤0.08% of the counterparty’s 2024 consolidated gross revenues), supporting independence determinations .
Alignment via equity structure: Director pay emphasizes RSUs (≥70%), hold-through-retirement, and 5,000-share/RSU ownership guideline, which discourages short-termism and aligns directors to long-term shareholder outcomes .
Board effectiveness signals: High 2024 meeting cadence (86 total) and ~97% attendance reflect strong engagement norms she enters into; robust Lead Director model and regular executive sessions enhance independent oversight .
RED FLAGS / monitoring: No current other public company boards (low overboarding risk) ; monitor for any Accenture-related ordinary-course transactions post-appointment (policy and prior immateriality indicate low risk) ; confirm timely progress to ownership guideline during the transition period .
Broader context: Shareholder support for executive pay (~86% Say-on-Pay in 2024) and governance engagement may facilitate continued investor confidence while McClure joins a board focused on strategy, risk, and succession .