Good morning, ladies and gentlemen. I'm Sheryl Palmer, CEO and Chairman of the board of Taylor Morrison Home Corporation. Thank you for joining us today. To support the health and well-being of our stockholders and other participants at the annual meeting, as we continue to navigate the impact of the COVID-19 pandemic, we have elected to host this 2021 annual meeting of stockholders virtually. In keeping with the digital approach to this year's meeting, it's now 8:00 A.M. Pacific Time, and in accordance with our bylaws, this meeting is officially called to order. Each of you should be able to access our agenda and rules of conduct via the web portal. We will conduct the meeting according to the agenda and those rules. As is our custom, we will conduct the business portion of our meeting first.
Following the presentation of the proposals, you will be provided with an opportunity to ask questions with respect to the proposals. We will also answer other questions germane to the meeting at the conclusion of the meeting in accordance with the rules of conduct. Throughout the meeting, stockholders may submit questions at any time via the web portal. Out of consideration for others, we ask that you please limit yourself to one question. Though we may not be able to answer every question, we will do our best to provide a response to as many as possible. Please note that the list of stockholders is available on the web portal for inspection during this meeting by any stockholder. Before proceeding, let me introduce my fellow directors who are here with us: Jeff Flake, Gary Hunt, Pete Lane, Bill Lyon, Anne Mariucci, Dave Merritt, Andy Owen, and Denise Warren.
The composition of our board reflects our commitment to board independence and diversity. In particular, I'm proud to say that we have the highest female representation on a board in our industry. We believe that diversity and inclusion on our board and throughout our company are foundational to superior financial results. New and fresh ideas, coupled with well-supported teams, drive the creativity that propels our business forward. To that end, our Nominating and Governance Committee seeks director candidates from diverse professional and personal backgrounds who offer a broad spectrum of experience and expertise. In furtherance of our continuing commitment to diversity and inclusion, our Nominating and Governance Committee recently amended its charter to provide that when recommending the addition of new board members or filling vacancies, the committee will strive for the inclusion of diverse groups, including, where appropriate, diversity of age, gender, race, ethnicity, and professional experience.
We value board refreshment as a means to provide for new perspectives in combination with our existing directors' deep experience and knowledge of the company, and the committee looks forward to the opportunity put as planned in practice going forward. Now it's my pleasure to introduce Darrell Sherman, our Chief Legal Officer and Secretary, who will act as Secretary and Inspector of Election of the meeting. I will turn to him with any procedural issues that may arise.
Thank you, Sheryl, and good morning. We are also joined today by Travis Childs of Deloitte, our auditors. If questions arise during the discussion period at the end of the meeting that Deloitte can address, they will be available to respond. The board of directors fixed March 30, 2021, as the record date for determining stockholders entitled to vote at this meeting. An affidavit has been delivered to us attesting to the fact that a notice of internet availability of the notice of the meeting, the proxy statement, and the 2020 annual report were mailed on April 16, 2021, to all stockholders as of the record date and will be incorporated into the minutes of this meeting. As of the record date, there were 128,731,939 shares of our common stock outstanding and entitled to vote at this meeting.
We have been informed by Broadridge, our mailing and tabulation agent, that there are represented in person or by proxy shares of common stock representing approximately 94% of the voting power on the record date.
Thank you, Darrell . Because holders of a majority of the shares entitled to vote at this meeting are present in person or by proxy, we have a quorum, and this meeting is duly convened. Now I will present the matters to be voted upon. Please note that we will give stockholders an opportunity to ask questions about the proposals themselves after all proposals have been presented. At this meeting, our stockholders will be asked, first, to elect nine directors of the company, second, to approve the advisory vote on executive compensation known as say-on-pay, and third, to ratify the board's appointment of Deloitte as the company's independent registered public accounting firm for fiscal 2021. In accordance with our bylaws, our board has nominated Jeff Flake, Gary Hunt, Pete Lane, William H.
Lyon, Anne Mariucci, Dave Merritt, Andrea Owen, Denise Warren, and myself, Sheryl Palmer, to serve as directors until next year's annual stockholder meeting. Information concerning their principal occupation, service as board members, skills and qualifications, and other matters which may be of interest are contained in our proxy statement. Since no other nominations have been made in time to be recognized at today's meeting, the nominations are closed. The next matter being submitted to stockholders for action is a non-binding advisory vote to approve the compensation of our named executive officers. Our executive compensation is disclosed and discussed in our proxy statement. This proposal, commonly known as say-on-pay proposal, gives our stockholders the opportunity to express their views on our executive compensation.
As we point out in our proxy statement, we believe our executive compensation programs and policies provide fair, reasonable, and competitive levels of compensation to our named executive officers. The final matter being submitted to stockholders for action is the ratification of the appointment of Deloitte as our independent registered public accounting firm for fiscal 2021.
If any stockholder would like to ask a question regarding any of the proposals just discussed, please submit your question to the web portal. When submitting your questions, we ask that you identify the proposal to which it relates.
Okay. Because there are no further questions on the proposals and no further business is to come before this meeting, we will now move on to voting on the proposals. It is now 8:07 A.M. Pacific Time, and the polls are now open. Any stockholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. Stockholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action. Now that everyone has had the opportunity to vote, it is now 8:08 A.M., and I declare the polls for this 2021 annual meeting closed.
I would now ask that the inspector of election tally the votes of any stockholders present at the meeting together with the votes of stockholders represented by proxy and then report on the results.
Thank you, Sheryl. The holders of a plurality of the shares of common stock present in person or by proxy at this meeting have voted in favor of each of the nine directors nominated for election. The holders of a majority of shares of our common stock present in person or by proxy at the annual meeting and entitled to vote on the matter have voted in favor of the advisory vote on executive compensation. And the holders of a majority of shares of our common stock present in person or by proxy at this meeting have voted to ratify the appointment of Deloitte as the company's independent auditor for fiscal year 2021.
Thank you, Darrell . In light of those results, I'm pleased to declare that Jeff Flake, Gary Hunt, Pete Lane, Bill Lyon, Anne Mariucci, Dave Merritt, Andy Owen, Denise Warren, and myself have been duly elected, and that the advisory vote on executive compensation has been approved, and that the appointment of Deloitte for fiscal 2021 has been ratified. Upon final confirmation of the results, I would please ask the secretary to file the certified tally of the minutes of this meeting. Additionally, we will be reporting the final vote results in a Form 8-K to be filed within four business days. That concludes the business for the meeting. Now we would like to open things up for additional stockholder questions entered today on the web portal.
Please note we will attempt to answer as many questions as time allows, but only questions that are germane to the meeting will be addressed. Darrell , it doesn't appear we have any questions.
No, there are no questions.
Okay. Thank you. Then that will conclude our meeting for today. Thank you all for joining our 2020 shareholders meeting.