Christopher Yip
Taylor Morrison HomeAbout Christopher Yip
Independent director since November 2021; age 42. Background spans venture capital and private equity focused on technology-enabled business services and real estate technology, currently a partner at RET Ventures; prior roles include investor at TPG Capital (12+ years) and consultant at McKinsey & Company . Education: MBA, Stanford GSB (Arjay Miller Scholar); MS in Computer Science and BA in Economics, Harvard University . As of the March 31, 2025 record date, beneficial ownership was 15,953 TMHC shares (<1%) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| TPG Capital | Investor leading PE/growth investments in tech-enabled business services | ~12+ years (prior to RET Ventures) | Led investments and exits; hands-on board experience |
| McKinsey & Company | Consultant | Prior to TPG | Advisory experience across companies |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| RET Ventures | Partner | Current | Early-stage VC investing in real estate technology solutions |
Board Governance
- Committee assignments: Member, Nominating & Governance Committee; the committee met three times in 2024 and is fully independent .
- Independence: Board determined Yip is independent under NYSE rules; TMHC’s committees are comprised entirely of independent directors .
- Attendance/engagement: Board met six times in 2024; no incumbent director attended fewer than 75% of aggregate board and committee meetings; independent directors meet at least quarterly in executive session without management .
- Board structure: Combined Chair/CEO with Lead Independent Director (Peter Lane) providing independent oversight per guidelines; majority voting standard with director resignation policy in uncontested elections .
- Governance policies: Anti-hedging securities policy; charters and code posted; Related Person Transaction Policy overseen by audit committee .
Fixed Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Annual Cash Retainer (scheduled) | $85,000 | $85,000 |
| Nominating & Governance Committee Member Fee (scheduled) | $10,000 | $10,000 |
| Fees Earned or Paid in Cash (actual) | $0 (all cash deferred to DSUs) | $0 (all cash deferred to DSUs) |
| Total Cash Fees Scheduled (not paid) | $95,000 | $95,000 |
| Director Compensation | 2023 | 2024 |
|---|---|---|
| Stock Awards (including annual DSU grant and DSUs from cash deferral) | $270,035 | $270,016 |
| Total Compensation | $270,035 | $270,016 |
Notes: Directors receive equity in RSUs or, if elected, DSUs; annual equity grant fair value $175,000 for non-employee directors; annual cash retainer and committee fees are payable but Yip elected full deferral to DSUs .
Performance Compensation
- Director pay has no performance-based metrics; equity is service-vesting RSUs/DSUs to promote alignment (annual grant vests in full by the earlier of 1 year from grant or next annual meeting). No options or performance metrics are tied to director compensation .
| Equity Grant Detail | 2023 | 2024 |
|---|---|---|
| Grant Type | DSUs (elected) | DSUs (elected) |
| Grant Date | May 25, 2023 | May 23, 2024 |
| Shares Granted (annual director grant) | 4,042 | 3,075 |
| Grant Date Closing Price | $43.30 | $56.91 |
| Grant Date Fair Value | $175,019 (per director) | $174,998 (per director) |
| Vesting | In full at earlier of 1 year or next annual meeting; DSUs from cash deferral fully vested |
Other Directorships & Interlocks
- No additional public company directorships disclosed for Yip; peer interlocks section notes no compensation committee interlocks or insider participation .
Expertise & Qualifications
- Technology/cybersecurity and finance skills; public company board experience reflected in TMHC’s skills matrix .
- Real estate/homebuilding exposure via RET Ventures focus; contributes to sustainability and risk oversight attributes at board level .
Equity Ownership
| Metric | As of Dec 31, 2023 | As of Dec 31, 2024 | Record Date Mar 31, 2025 |
|---|---|---|---|
| DSUs Outstanding (#) | 15,630 | 20,257 (3,075 unvested, scheduled to vest May 22, 2025) | 11,181 (vested and vesting counted in beneficial ownership framework) |
| RSUs Outstanding (#) | — | — | — |
| Common Stock Beneficially Owned (#) | — | — | 15,953 (<1%) |
Ownership alignment policies:
- Director stock retention guideline: 5x annual base cash retainer; all non-employee directors met or are on track by required timeframe .
- Anti-hedging policy prohibits margin purchases, calls/short sales; DSUs have no voting rights until settlement, typically upon separation or change-in-control .
Governance Assessment
- Committee role: Placement on Nominating & Governance (independent) aligns with Yip’s governance orientation; oversight includes sustainability risk management, board composition, and policy review .
- Independence and attendance: Independent status, with 75%+ attendance, supports board effectiveness and investor confidence; executive sessions enhance independent oversight .
- Compensation alignment: Full deferral of cash fees into DSUs in 2023/2024 indicates stronger equity alignment; uniform director equity grants (service-based) avoid pay-for-performance distortions at board level .
- Conflicts/related parties: No related-party transactions involving Yip disclosed; policy framework for identifying and reviewing related-person transactions is robust and audit committee-controlled .
- Broader shareholder signals: Strong say-on-pay outcomes (96.0% approval in 2024; prior year >96%) and majority voting/resignation policy indicate responsiveness to shareholders and healthy governance norms .
RED FLAGS: None disclosed for Yip in related-party transactions, hedging/pledging, attendance, or director pay anomalies; continued monitoring advisable given his venture investments in real estate technology (audit committee policy would capture any TMHC dealings with RET Ventures portfolio companies) .