Welcome to the annual meeting for Moody's Corporation. Our host for today's call is Rob Fauber, President and CEO. At this time, all participants will be in a listen-only mode. I will now turn the call over to your host. Mr. Fauber, you may begin, sir.
Thank you, and good morning, ladies and gentlemen. I'm Rob Fauber, President and Chief Executive Officer of Moody's Corporation, and Chairman of today's meeting. It's a pleasure to welcome you to the 2024 Annual Meeting of Stockholders of Moody's Corporation, and I want to thank you for taking the time to participate. We're pleased to be able to host a virtual meeting as this format allows us to be more inclusive, and we do have stockholders attending via the internet. As is our custom, we will conduct the business portion of our meeting first, and after the formal portion of the meeting is complete, the company will take questions subject to the rules of conduct. In order to allow the company to answer questions from as many stockholders as possible, we therefore ask that you limit the number of your questions.
We'll allocate up to one minute to read each. They should be limited to matters of general interest to stockholders and should be confined to one subject at a time. If you wish to ask a question, you may do so by following the instructions on the meeting website. It is now 9:32 A.M. Eastern Daylight Time on April sixteenth, two thousand and twenty-four, and this meeting is officially called to order, and the polls are now open for voting. If you previously voted, you do not need to take any additional action. If you previously voted and wish to change your vote, please do so before the closing of the polls by using the voting buttons on the portal. Once the polls close, we will announce the preliminary results of the votes.
As the agenda is posted on your screen, in order to make the best use of our time, we'll follow the agenda in conducting this meeting. In addition, the rules of procedures that we will follow in the conduct of this annual meeting are also posted on the meeting website. Please refer to them, and we appreciate your cooperation. Now, I would like to introduce the director nominees: Jorge Bermudez, Thérèse Esperdy, Vincent Forlenza, Kathy Hill, Lloyd Howell, José Minaya, Leslie Seidman, Zig Serafin, and Bruce Van Saun, and myself, Rob Fauber. In addition to the director nominees, members of Moody's senior management are also present today. The individuals appointed by the board of directors to vote proxies at today's meeting are myself and Rich Steele, our General Counsel.
Roger O'Donnell from KPMG, our independent registered public accounting firm, is also present, and he'll be available for questions during the Q&A portion of the meeting. I will now ask the secretary to file the affidavit of mailing of notice of this meeting with the minutes. Chris Woods of American Election Services has been appointed to serve as Inspector of Election for this meeting, and his oath as inspector has been submitted to the meeting and will be appended to the minutes. The Inspector of Election has certified that there is a sufficient quorum for all business to be conducted at the meeting. We will present each item on the agenda in the order set forth in the proxy materials.
Because we did not receive notice in accordance with Moody's bylaws of any additional matters to be considered, no nominations or proposals other than those set forth in the proxy materials may be introduced at this meeting. We have five items to be voted upon by the stockholders. The first item of business is the election of the 10 director nominees named in the proxy materials to serve on the board of Moody's until next year's annual meeting of stockholders. Second item of business is the ratification of the appointment of KPMG to act as the independent registered public accounting firm of the company for the year 2024. The third item of business is the advisory resolution approving executive compensation.
The fourth item of business is to approve amendments to the company's Restated Certificate of Incorporation to authorize stockholders owning 25% of the company's common stock to have the company call special meetings of stockholders. We will now move to the fifth item of business, which is a stockholder proposal submitted by James McRitchie. We've been notified that Mr. McRitchie will formally present the proposal. We ask that Mr. McRitchie limit his presentation to no more than 3 minutes, and at this time, we ask that the operator please unmute Mr. McRitchie's line. Is Mr. McRitchie present to introduce the proposal?
Thank you. My proposal offered the board an opportunity to reflect on the fact that Moody's does not have a provision for shareholders to call a special meeting. That prompted the board to file its own proposal, number four, which provides a 25% threshold. The board recognizes that providing stockholders the ability to call special meetings is an important corporate governance practice that promotes long-term value by reinforcing accountability. However, they're wary of a lower threshold since special meetings can be distracting and costly. In their opposition to proposal number five, the board claims a 15% threshold would increase the risk of a relatively small group of stockholders with narrow interests that do not reflect the views of other stockholders to call special meetings to advance their own short-term agendas. Looking at our stockholders, the top six hold more than 40% of the stock.
Soon after that, the proportion of shares each investor holds drops dramatically. The only small group of shareholders that could reach the 15% threshold the board fears are traditionally passive investors like Berkshire Hathaway, Vanguard, BlackRock, or State Street. This small group of permanent owners does not have short-term agendas that are not aligned with the long-term interests of the company and its other stockholders. You'd have to go back more than a decade to even find one 13D filer, not properly rating mortgage-backed securities that precipitated the Great Recession and led Moody's to a $864 million settlement, would have been justification for at least considering some form of special meeting back then. Additionally, the board failed to provide the text of their own proposed amendment, but would allow the board to require additional items in the bylaws.
One restriction fad is to exclude shares held for less than one continuous year. Therefore, a 25% threshold could translate to 40% if a 1-year holding requirement is added. The board's fear of a 15% threshold is unfounded. Setting the threshold at 25% may make it look like the board is responsive. Still, as discussed, it reinforces complacency since it cannot be met without the participation of large, passive, permanent owners. To ensure board vigilance and to promote a more inclusive decision-making process, please vote against proposal number 4 and in favor of proposal number 5, which offers a more accessible 15% threshold for calling special meetings. Thank you.
Thank you, Mr. McRitchie. We appreciate your viewpoint. The board has approved and recommends that stockholders vote for each of the 10 director nominees and for items two through four. The board recommends that stockholders vote against item five, and that completes the items to be voted on at this meeting. It is now 9:39 A.M., and I declare the polls closed, and the inspector should proceed to count the votes. The next item on the agenda is the preliminary report as provided by the Inspector of Election. Any votes submitted before the polls closed but not reflected in the preliminary report, will be reflected in the final report of the inspector and will be reported to stockholders on a Form 8-K.
The Inspector of Election has presented his preliminary report and has determined that each of the 10 director nominees has been elected, and items two, three, and four were approved by the required majority vote. Item five has not been approved. Now, this ends the formal portion of this meeting, and there being no further business matters to be raised at this meeting, the meeting is now officially adjourned. I would like to make a few remarks, and then we'll address any questions submitted by our stockholders. It's great to have you all on the call today. The past year has been, excuse me, one of growth and investment and progress at Moody's, and I'm excited to be with you today to recap some of our impressive accomplishments and look to the future.
Throughout 2023, we focused on our core mission, and that's to help decision-makers decode risk and unlock opportunity. Collectively, our efforts generated 8% revenue growth and Adjusted Diluted EPS growth of 16%. I'm excited to share a few highlights from the year with you, but first, I want to remind ourselves of the global context that we have been, and we continue to be, operating within. Events throughout the last year have emphasized the changing nature and growing convergence of global risks, and we call this the era of exponential risk. Inflation continues to drive interest rate uncertainty. Geopolitical tensions continue to impact market confidence. Cyber and weather events continually affect supply chains and business continuity. Emerging technologies like AI and quantum computing promise dramatic change.
The list goes on, but risk and opportunity are really two sides of the same coin, and this evolving risk landscape underpins the increasing need for businesses and organizations and governments to have access to cutting-edge insights and solutions to navigate these compounding challenges. That's what we here at Moody's do better than anyone else, illuminate the many components of risk to empower decision makers to not only better manage risks, but to identify growth opportunities and to thrive in this new era. Now, throughout 2023, we achieved a number of important milestones. In ratings, we expanded our footprint in domestic and emerging markets to position our franchise for long-term growth. One example of that is our Moody's Local initiative in Latin America, where organic revenue grew 22% in 2023.
We also developed dedicated teams in private credit and digital finance so that we're at the forefront of opportunities in the global debt markets. We addressed the growing demand for transition finance by rolling out our new Net Zero Assessments. We added more than 12,000 unrated companies to our CreditView research service in November, tripling the breadth of our coverage and expanding the utility of our offering beyond public markets. We further expanded our massive company database through enhancements to Orbis, and we introduced new solutions like Sanctions 360 and our Shell Company Indicator to combat financial crime and support needs in the Know Your Customer space. In banking, we integrated climate analytics into a broad range of workflow solutions, from loan origination to portfolio management to stress testing...
In insurance, we more than doubled the number of customers using our cloud-based Intelligent Risk Platform in just the past year. It was a hugely productive year, and these are just a few of the highlights from across 2023. Throughout, we've remained focused on successfully landing new customers, expanding our existing customer relationships, and innovating continuously to deliver more value for our customers and our stockholders. Speaking of innovation, in 2023, we embraced the opportunity of generative artificial intelligence, or GenAI. Early on, we realized the enormous potential that GenAI had to deliver impact for our customers and for ourselves, unlocking the potential of our vast estate of proprietary data and analytics, and delivering insights and content to our customers through an intuitive, easy-to-use natural language interface.
So we empowered our employees to become 14,000 innovators, as I like to call them. We announced strategic partnerships with leading technology companies like Microsoft, to deepen our embrace of GenAI and power our solutions. And we launched our first GenAI-enabled product, Research Assistant, in December of last year. We're now developing a range of AI-enabled tools, and skills, and assistance for banks, insurance companies, and corporations, as well as our own teams, to deliver a step change in efficiency and effectiveness. Now, our accomplishments in 2023 were only made possible by our people's unwavering commitment to excellence, a commitment that has not gone unnoticed by the market. For the second consecutive year, we achieved the number 1 ranking in the Chartis RiskTech100. Institutional Investor named us the Best Credit Rating Agency for the 12th year in a row.
Moody's was also listed in Bloomberg's Gender- Equality Index for the fourth year in a row, and named one of America's 100 most just companies. We were recognized as a Stonewall Top 100 employer, and we received a score of 100% on the Human Rights Campaign Foundation's 2023 Corporate Equality Index, marking 12 consecutive years that we've earned a top ranking. These recognitions really are a testament to our people, our actions, our values, and the positive benefit that we create for our customers and the world that we operate within. They also showcase Moody's as a place where people want to come and stay. Before I wrap up, there are two recent developments that I want to touch on. I'm excited to welcome our new Chief Financial Officer, Noémie Heuland, who officially joined the firm on April first.
Noémie brings nearly 25 years of global financial leadership experience at large public companies in the finance and technology spaces, and we are fortunate to have her as our Chief Financial Officer as we continue to expand our business. I look forward to you getting to know her in the weeks and months and years ahead. And also, as you know, our company has evolved quite a bit over the last decade. Last month, we celebrated our 115th anniversary of bringing clarity and transparency to the markets by rolling out a new brand that's about being bold, and clear, and perceptive. And this rebranding campaign has filled our stakeholders and colleagues with a renewed vigor and enthusiasm, so much so that I wanted to mention it today.
I hope you've seen the new logo and my favorite part, which is the M monogram, in your daily travels. If not, I encourage you to check out our new look and positioning on our website. 2023 was a great year for all of us, but I'm even more energized by the possibilities that lie ahead. With our decades of trusted insights and our massive datasets and sophisticated analytics, Moody's is uniquely positioned to help enterprises navigate the era of exponential risk by building new solutions with unique value propositions for our customers that will deliver attractive returns for our stockholders. I want to thank all of you for being important contributors to our ongoing urgent evolution. It's your support and guidance and belief in us that propels us forward into the exciting future ahead of us.
So with that, I am happy to answer any questions that have come in. Okay, there being no relevant questions, I would like to thank all of you for attending Moody's 2024 Annual Meeting of Stockholders. Thank you, and have a very nice day.