Good morning, and welcome to the virtual webcast of InterContin Corporation's 2020 Annual Meeting of Shareholders. I am Marcus Brown, Executive Vice President and General Counsel of InterContinental Corporation. We do not expect any technical difficulties today. However, in the event we lose audio or webcast connection and we are unable to provide any updates, please wait 10 minutes for a resolution. Please refer to the company's Investor Relations website for updates.
In today's webcast, we may make certain forward looking statements about our expectations or predictions about the future. Because these statements are based on current assumptions and factors that involve risks and uncertainties, The company's actual results could differ materially from these forward looking statements due to the number of factors which are set forth in our Form 10 ks filed with the SEC on February 21, 2020, and our subsequent SEC filings. Entergy does not assume any obligation to update these forward looking statements. Shareholders may submit questions electronically during the meeting by typing your question in the box located at the bottom left corner of the webcast screen. If you have not already done so, please submit any questions you may have now.
Any appropriate questions received during the meeting that are not answered live will be answered on our Investor Relations website following the meeting. Please note that because our earnings for the quarter are being released on Monday, along with extensive additional information concerning the impact of COVID-nineteen and our expectations for the future, we will not be able to respond to questions on those topics at this meeting. With that, I will turn the call over to Leo Denault, InterContinental's Chairman and Chief Executive Officer to share a few opening comments.
Thank you, Marcus. Good morning and thank you for attending the 71st Annual Meeting of Shareholders of Entergy Corporation. I want to welcome you to our virtual Annual Shareholders Meeting. I'd like to begin by recognizing and saying thank you to the brave healthcare professionals, 1st responders, grocery store workers, public servants and other essential workers who are on the front lines fighting the COVID-nineteen pandemic and helping to ensure the health and well-being of our communities. Among those heroes on the front lines are 1,000 of our own Entergy colleagues, staffing our plants and performing critical field roles to keep the lights on and the gas service flowing.
While not surprised, I'm continually impressed with the commitment, resourcefulness, creativity and professionalism with which our team members do their work. This event has showcased those capabilities once again. Thank you for what you are doing to support our customers and communities. I'm pleased to have you join today's call. I also want to acknowledge and welcome the Entergy Board of Directors and our senior leadership team who are joining this virtual meeting today by phone.
Normally, we would have welcomed you all to New Orleans in person today to hear from us about the long term strategic vision of the company and all the hard work we are doing to make sure that vision becomes a reality. However, these are not normal circumstances. At Entergy, we are taking every precaution to prevent the spread of the virus while continuing to safely deliver reliable electricity and natural gas service to our customers and communities. Entergy employees are stepping up to ensure we live up to our mission statement, we power life, especially during these uncertain times. We do this because we understand that we are responsible for something greater than just delivering electricity.
We have a critical role to play in providing an essential service to help our customers and communities stay safe, healthy and continue to live their lives each day. As we continue to work our way toward resuming normal operations and the safe return of our telecommuting employees to the workplace, we are focused on 4 main priorities. 1st, we need to keep everyone safe all day, every day. 2nd, we are keeping the lights on and the gas flowing. That is more important now than it probably ever has been with the situation that we are all facing.
3rd, we're supporting our communities with our volunteerism and with our financial resources. Thanks to the help and financial support of you, our shareholders, to date Entergy has committed more than $1,300,000 to help community nonprofits and qualifying customers who are struggling with the financial impact of this pandemic. Entergy's the Power to Care program continues to provide emergency bill payment assistance to vulnerable customers. To mark the year's 20th anniversary of this low income customer initiative, the limit of shareholders dollars for dollar match of customer donations was increased from 500,000 dollars to $1,000,000 per year. Finally, we are preparing to lean in and continue to invest in our infrastructure.
Our construction projects are moving forward on schedule. We are doing this not only to improve the level of service we provide our customers, but also because we will be needed to help lead the economic recovery in the communities we serve. We understand the vital role we play in helping our communities, our families, friends and neighbors successfully recover from this crisis. These priorities are our focus right now. We are confident in our approach.
It worked after hurricanes Katrina and Rita. It worked following the 2,008 financial crisis and it will work today. As always, we will pursue these priorities in collaboration with our regulators and with you, our stakeholders. We are ensuring that we're prepared and nimble enough to respond accordingly and in line with the needs of our customers. I sincerely thank you for your support and flexibility as we pursue the road to recovery.
Please continue to stay safe and we will get through this challenge together. Before we begin the official business of the meeting, I want to remind everyone that our Q1 earnings call will be on Monday, May 11 at 10 am Central. During the call, we will discuss our Q1 financial results and COVID-nineteen impacts and considerations. You can visit the Investor Relations page of our website for additional information. We will now begin the business portion of the meeting and address the matters covered by the proxy statement.
After that, we will have some time for questions from our shareholders. At this time, I officially called the meeting to order and the polls are now open. It is my intent to chair and conduct this meeting in the manner stated in the agenda and the rules of conduct and procedures for the meeting. I would now like to introduce the other members of the Board in attendance at today's meeting through this live webcast. John Burbank is the former President, Corporate Development and Strategy of Nielsen Holdings Plc.
Pat Condon is a retired audit partner of Deloitte and Touche. Kirkland McDonald is the former President and Chief Executive Officer of Systems Planning and Analysis and is a retired admiral and former Director of the Navy Nuclear Propulsion Program. Philip Fredriksen is a retired Executive Vice President of ConocoPhillips. Alexis Herman is the Chair and CEO of New Ventures LLC. Alexis also served as the U.
S. Secretary of Labor during President Bill Clinton's administration. Lisa Hyland is a former Senior Vice President of EQT Corporation. Stuart Levnick is our Board's Lead Director. He is also a former Group President and Executive Office member of Caterpillar Inc.
Blanche Lincoln is the Founder and Principal of the Lincoln Policy Group and a former United States Senator and Congresswoman for the state of Arkansas. Karen Puckett is the former President of Harte Hanks Incorporated. Representatives of Deloitte and Touche, our independent accountants, are also in attendance today and will be available to answer any accounting questions you may have. I will now ask Marcus Brown, our Executive Vice President and General Counsel to report on the mailing of the notice for this meeting, the presence of a quorum and other business we will consider today. Thank you, Leo.
The agenda is shown at the top right corner of the webcast screen and the rules of conduct and procedure are posted at the bottom right corner of the webcast screen. Please note that this meeting is being recorded. However, participants are not permitted to use any recording device. The notice of the annual meeting of shareholders of Entergy Corporation was provided to shareholders of record as of March 9, 2020. The notice and the proxy statement were mailed to shareholders beginning on March 27.
We publicly announced that we would be holding a virtual shareholder meeting and filed supplemental materials notifying shareholders of the change to a virtual format with the Securities and Exchange Commission on April 23, 2020. A list of shareholders is available on the virtual meeting portal for today's meeting. As of the record date, there are 200,815,606 shares of our common stock outstanding. Robert Johnson, our appointed Inspector of Elections is in attendance today and has informed us that shares representing more than the majority of the shares entitled to vote at the meeting are represented today. Accordingly, we have a quorum and we may proceed with the business of the meeting.
I will now review the matters to be voted on. As noted, the polls are open. If you have not already voted your shares or wish to change your vote, you may do so by clicking on the Vote Here button at the bottom right corner of the webcast screen. The polls will remain open until we conclude the matters to be voted on portion of the meeting. The first proposal is the election of directors.
Director nominees are John Burbank, Pat Condon, Leo Dennault, Kirkland Donald, Philip Fredriksen, Alexis Herman, Lisa Hyland, Stuart Levonik, Blanche Lincoln and Karen Puckett. The next items are 2 management proposals. Proposal 2 is a ratification of the appointment of Deloitte and Touche as our independent registered public accountants for 2020. And Proposal 3 gives our shareholders the opportunity on an advisory basis to approve our named executive officer compensation. That concludes the matters to be voted on.
The polls are now closed. The Inspector of Elections will collect and tablet all of the proxies and the ballots. Subject to the final verification by the Inspector of Elections, I can report that each of the Director nominees has been elected. The appointment of Deloitte and Touche as our independent registered public accountants for the fiscal year ending 2020 has been ratified and the advisory vote to approve named executive officer compensation has been approved. After the meeting, we will complete the final vote tabulation and provide the final written results on our website and in
a Form 8 ks filed with the SEC.
I will now turn the call back over to our CEO, Leo Denault.
Thank you, Marcus. There being no further business to come before the meeting, I declare the 71st Annual Meeting of Shareholders of Entergy Corporation adjourned. I will at this point in time, as we mentioned, answer questions. There is one question that we received. It is what is the impact on COVID-nineteen?
What has it had on our employees? As I mentioned in my earlier remarks, our employees have stepped up to this challenge as they have many other challenges in the past to fulfill our vision statement, which is we power life. We recognize that they play a critical role in the and our lifeblood of our communities, and that their ability keep themselves, the community safe, healthy and continue to live their lives every day is of valued importance in the community. I will say that we have had to find new ways of working and I'll go through a couple of those just to give you some insight. Obviously, we are practicing and enforcing physical distancing with our field employees and our employees in the plant.
We're limiting the number and size of in person meetings. We are emphasizing the importance of frequent self checking for symptoms and we are implementing telecommuting for those employees who are able to telecommute. At each of our plants, we've also implemented techniques like non invasive temperature screening. We've increased the number of personal sanitation stations around the plant. We're utilizing gloves for operators and control rooms and others around sites.
We're regularly disinfecting common areas and we've reconfigured common areas like plant cafeterias to produce physical distancing. I can't say enough about how our employees have stepped up. And the one thing that I will mention as I have before is that even though we have roughly half our employees telecommuting and half our employees working in the field, all the work we need to do to provide safe, secure, reliable service to our customers is getting done. It's a real testament to them and I can't thank the employees enough. That was the only question that we received.
So this concludes the Q and A session. A replay of today's meeting will be posted on our website within 24 to 48 hours. I want to thank you for attending the Annual Meeting of Shareholders and for your continued support of Entergy. This concludes today's webcast. Stay safe and stay well.