Larry Quinlan

About Larry Quinlan

Joseph (Larry) Quinlan, age 62, has served as an independent director of JLL since 2022 (three years of tenure). He is the former Global CIO of Deloitte, where he oversaw global technology strategy, cybersecurity, and operations across 175 countries and >10,000 IT professionals. At JLL, he chairs the Audit and Risk Committee and serves on the Nominating, Governance and Sustainability Committee, bringing deep cybersecurity, data governance, and technology/AI expertise. He also serves on the boards of ServiceNow (audit committee) and Booking Holdings (chairs cybersecurity committee).

Past Roles

External Roles

Board Governance

• Committee assignments: Audit and Risk (Chair); Nominating, Governance and Sustainability (member). All standing committee members are independent under NYSE/SEC rules; JLL uses separate non‑executive Chair structure.
• Attendance and engagement: Board met 7 times in 2024 (four via videoconference); each director attended at least 80% of Board and committee meetings; Board held 8 executive sessions; Audit & Risk held 9 meetings with 98% attendance; Nominating held 4 meetings with 98% attendance.
• Audit leadership: As Audit & Risk Chair, Quinlan reviewed 2024 audited financials, internal control effectiveness (SOX 404), and auditor independence; the committee recommended inclusion of audited statements in the 2024 Form 10‑K.
• Independence: Board determined Quinlan independent; no material relationships impacting independence; no Item 404(a) related‑party transactions since Jan 1, 2024.
• Insider trading/hedging: Policy prohibits pledging, short sales, derivative transactions, and requires pre‑clearance; mitigates alignment risks.
• “Not over‑boarded” policy and strong governance practices (majority independent, separate Chair/CEO, proxy access, clawback, stock ownership guidelines).

Fixed Compensation

• Non‑employee director compensation structure in 2024: Cash retainer $115,000 (raised from $100,000 prior to June 1, 2024); annual common stock grant $200,000; committee chair/member fees (Audit Chair $25,000; Audit member $10,000; Compensation Chair $25,000; Compensation member $10,000; Nominating Chair $15,000; Nominating member $5,000); no meeting fees or perquisites; optional deferral and stock in lieu elections.

Performance Compensation

• Director pay is not performance‑based; annual equity is granted as common stock valued at a fixed dollar amount (no PSUs/options, no AIP metrics for directors).

Other Directorships & Interlocks

Expertise & Qualifications

• Cybersecurity/data governance; co‑chaired Deloitte’s cyber risk committee; oversight of technology/AI operations at Deloitte.
• Global business leadership (member of Deloitte’s global leadership team overseeing a $50B enterprise); finance/accounting exposure via ROI evaluation of technology initiatives; human capital leadership across global teams.
• JLL‑specific value add: Technology and AI expertise aligned with JLL’s Software and Technology Solutions growth and clients’ tech needs.

Equity Ownership

• Stock ownership guidelines: By the fifth anniversary of first election, each non‑employee director must hold JLL stock worth $575,000, including elected stock in lieu of cash and deferred RSUs/stock.
• Insider trading policy: prohibits pledging, short sales, and derivatives on JLL stock.

Alignment signal: Quinlan’s holdings ($909,582 at the reporting date price) exceed the $575,000 ownership guideline, indicating strong skin‑in‑the‑game.

Insider Trades (Section 16 Filings)

Governance Assessment

• Strengths: Independent director chairing Audit & Risk; high committee attendance; robust oversight of financial reporting, internal controls, and cybersecurity; strong ownership alignment exceeding guideline; prohibition on pledging/hedging; no related‑party transactions; board practices emphasize independence and majority independent composition. These factors support investor confidence in governance rigor and risk oversight.
• Watch items: Multiple external public boards (ServiceNow and Booking Holdings) increase time commitments; JLL states directors are not “over‑boarded” and independence reviews found no material relationships, but ongoing monitoring for interlocks/client relationships is prudent.
• Compensation signals: Year‑over‑year increase in equity and cash retainers consistent with board‑wide adjustments; director pay is predominantly equity (board notes ~63% base compensation in stock), reinforcing alignment rather than incentivizing short‑term metrics.

Citations: 
**[1037976_0001037976-25-000014_jll-20250410.htm:24]** JLL 2025 DEF 14A—Director biography, committees, external boards. 
**[1037976_0001037976-25-000014_jll-20250410.htm:10]** JLL 2025 DEF 14A—Director nominees and independence table. 
**[1037976_0001037976-25-000014_jll-20250410.htm:32]** JLL 2025 DEF 14A—Committee membership, meeting counts, attendance. 
**[1037976_0001037976-25-000014_jll-20250410.htm:95]** JLL 2025 DEF 14A—Audit & Risk Committee report and chair signature. 
**[1037976_0001037976-25-000014_jll-20250410.htm:40]** JLL 2025 DEF 14A—Non‑employee director compensation components. 
**[1037976_0001037976-25-000014_jll-20250410.htm:41]** JLL 2025 DEF 14A—2024 director compensation table (Quinlan line). 
**[1037976_0001308179-24-000512_ljll2024_def14a.htm:33]** JLL 2024 DEF 14A—2023 director compensation table (Quinlan line). 
**[1037976_0001037976-25-000014_jll-20250410.htm:42]** JLL 2025 DEF 14A—Director stock ownership and $575k guideline; price $247.91. 
**[1037976_0001037976-25-000014_jll-20250410.htm:31]** JLL 2025 DEF 14A—Board meetings, attendance, executive sessions. 
**[1037976_0001037976-25-000014_jll-20250410.htm:30]** JLL 2025 DEF 14A—Director independence determinations. 
**[1037976_0001037976-25-000014_jll-20250410.htm:11]** JLL 2025 DEF 14A—Governance best practices, 63% stock component. 
**[1037976_0001037976-25-000014_jll-20250410.htm:38]** JLL 2025 DEF 14A—Insider trading policy; pledging/hedging prohibitions. 
**[1037976_0001037976-25-000014_jll-20250410.htm:92]** JLL 2025 DEF 14A—No Item 404(a) related‑party transactions since Jan 1, 2024. 
SEC Form 4 (2024 award): https://www.sec.gov/Archives/edgar/data/1037976/000112760224017216/0001127602-24-017216-index.htm 
Form 4 (2025 filing): https://d18rn0p25nwr6d.cloudfront.net/CIK-0001037976/7d9fdd56-c6d0-47d5-a0fe-80365d323b5e.pdf 
WSJ company people (award detail): https://www.wsj.com/market-data/quotes/JLL/company-people?gaa_at=eafs&gaa_n=AWEtsqdrUw0rMLN9b4TmiTsFGri1V4hT9dkdU7SVsKxtWGt_SpR9u-3dc9hF&gaa_ts=691e65dc&gaa_sig=kEn8FqjjcBaR9WMTq-31LwSPLmNKTqcvsGFWtuQoTTCL3balPDGeLYt2v-TZUoUiRlF6mXQ9xNyh4N1LUFr57g%3D%3D