Welcome to today's 2019 Annual Stockholders' Meeting. This meeting is being presented live and is being recorded for future playback. With that, I will hand it over to Anil Bhushri, Workday's Co Founder and Chief Executive Officer. Please go ahead, sir.
Good morning, and thank you for joining us today for Workday's Annual Stockholders' Meeting. It is 9:0:1 a. M, and the meeting will now come to order. My name is Anil Bushri and as the Chief Executive Officer of Workday, I'm residing as the Chairman over this meeting. Today's virtual meeting is a live audio webcast allowing for participation by Workday, our stockholders and other interested parties regardless of their location.
In addition to listening to the meeting online, stockholders can submit questions in both their shares via the Annual Meeting web portal before the polls close. Stockholders who would like to ask a question may do so by presenting the question in writing or indicated on the webcast portal for the meeting. Stockholders who would like to vote can do so on the portal as well where indicated for voting. As a reminder, only stockholders may submit a question or vote via the Annual Meeting portal. The polls are currently open and will remain open through the general question and answer session of our meeting.
I would like now to introduce our directors and other members of Workday management team who are present today. The directors present are Carl Eschenbach, Michael McNamara and Jerry Yang, our nominees for Class 1 directors whom we'll be voting on at today's meetings. Dave Duffield, Chrissa Davies, Mike Stankey, George Still, Leigh Styslinger and Anne Marie Campbell, our newest member of the Board are also here. George Skip Battle will not be standing for reelection at this meeting, and I would like to take a brief moment to thank Skip for his many years of service as a Director of Workday. Skip was elected as Director of Workday in 2007 and has helped the company become what it is today.
The Board and I sincerely appreciate everything that Skip has done for Workday and we wish him all the best. I would now like to introduce Giuliano Capata, Workday's Deputy General Counsel and Assistant Secretary, who will be acting as our Inspector of Elections and tabulating the voting results. Mike Magaro, our Vice President, Investor Relations, will moderate our question and answer sessions as well as Robin Sisco, our Co President and CFO and Chano Fernandez, our Co President, each of whom is also present at the meeting today. In addition, David Cabral has joined us from Ernst and Young LLP, Workday's independent auditors and will be available to address stockholder questions as well. This morning, our program will proceed as follows.
1st, I will commence the official business portion of the 2019 Annual Meeting, including reviewing the proxy proposals before our stockholders. During this time, we will address any questions or comments which relate to the formal business at hand. Following that, I will open the meeting to a general question and answer session. Lastly, Juliana will report on the results of the proxy proposals. As a final housekeeping item, I will turn it over to Juliana to review our Q and A guidelines.
Juliana?
Thank you, Anil. A few matters of protocol will help our Q and A process run smoothly. First, as Anil mentioned, only stockholders or their legal representatives may ask a question or make a comment. 2nd, questions addressed during the official business portion of the meeting should be relevant to the proposals being voted on. 3rd, the meeting Chairman may rule as out of order stockholder proposals that did not meet the advanced notice provisions of Workday's bylaws or proposals that are inappropriate for stockholder action.
4th, out of consideration for others, please limit yourself to 2 questions or comments. And finally, questions will be answered at the discretion of the meeting Chairman based on determinations of relevancy or appropriateness. Back to you, Anil.
We will now proceed to the official business portion of this meeting. Juliana, would you please report on the notice of the meeting and the quorum determination?
Of course. The Board fixed the close of business on April 22, 2019 as the record date for this meeting. We have received an affidavit from Broadridge Financial Solutions certifying that beginning on about April 26, 2019, each stockholder of record and each identifiable beneficial owner as of the record date was mailed the official notice of this meeting, together with the proxy card and Workday's 2019 annual report and proxy statement or instructions about how to access these materials online. On the record date, a total of 160,000,000 999,719 shares of Class A common stock, representing 1 vote per share and a total of 64,392,241 shares of Class B common stock, representing 10 votes per share were outstanding. The holders have not less than 215,631,063 shares of common stock are present at today's meeting in person or by proxy.
Approximately 98.36 percent of the voting power of the outstanding shares is present at the meeting. Accordingly, a quorum is present. Anil?
Thank you, Juliana. On the basis of the Inspector's report, the meeting is duly convened. As a reminder, the polls are open, stockholders may vote their shares online anytime during this meeting before the polls close, which will be following our general question and answer session. The first matter being voted upon the election of 3 Class 1 Directors to the Board of Directors for the coming year. Carl Eschenbach, Michael McNamara and Jerry Yang have been nominated as Class 1 Directors to serve for a 3 year term expiring at the 2022 Annual Meeting of Stockholders and until their successors are duly elected and qualified.
No other nominations for directors received from stockholders within the period required by Workday's bylaws, therefore, the nominations are closed. The second order of business is a ratification of Workday's independent auditors. The Board of Directors has appointed Ernst and Young LLP as Workday's independent auditors for the fiscal year ending January 31, 2020, and our stockholders have been asked to ratify their appointment. The 3rd and final order of business is the advisory non binding stockholder vote to approve the compensation awarded to our named executive officers in the last fiscal year. We will now address any questions related to the proxy proposals at hand.
Mike, do you have any questions related to the proposals?
We have not received any questions related to the proposals.
Thanks, Mike. As a reminder, it's not necessary to vote online if you have already sent in a completed proxy charter vote online or by telephone unless you wish to change your vote. Stockholders who would like to vote now may do so by submitting your vote or indicated on the webcast portal for the meeting. The polls will remain open during our general Q and A session, which we will turn to next. Mike?
Thank you, Anil. This question and answer session may include various projections and forward looking statements about Workday. These forward looking statements involve risks and uncertainties that could cause actual events or results to differ materially from those in the forward looking statements. We encourage you to read our periodic reports and filings with the SEC for a description of potential risks and uncertainties, including without limitation those mentioned in Workday's quarterly report on Form 10 Q for the fiscal quarter ended April 30, 2019, under the heading Risk Factors, and then are subsequently filed annual, quarterly and current reports. As a reminder, we'll follow the rules of order for this Q and A session that Giuliano reviewed earlier.
As there are no questions, our question and answer session is concluded. I will now turn back over to Anil to continue with the business agenda for the meeting.
Thanks, Mike. It is now 9:0:8 a. M. And the polls are now closed. The next item on the agenda is the preliminary report of the Inspector of Elections.
Any votes collected before the polls close but not reflected in the preliminary report will be reflected in the final report of the Inspector. Juliana, please present your preliminary report.
Thank you, Anil. I have determined that Carl Eschenbach, Michael McNamara and Jerry Yang each have received in excess of 96% of the votes cast for election of Class 1 Directors. Further, I have determined that more than 99% of the votes present in person or represented by proxy were cast in favor of the ratification of the appointment of Ernst and Young LLP. Finally, I have determined that more than 98% of the votes present in person or represented by proxy were cast in favor of the advisory vote to approve the compensation paid to Workday's named executive officers. Back to you, Neil.
Thank you, Juliana. Based upon Juliana's preliminary report as Inspector of Elections, I declare that Carl Eschenbach, Michael McNamara and Jerry Yang are elected as Class 1 Directors to serve for a 3 year term expiring at the 2022 Annual Meeting of Stockholders or until their successors are duly elected and qualified. I further declare that the appointment of Ernst and Young LLP as Workday's independent registered public accounting firm for the fiscal year ending January 31, 2020 is ratified. Lastly, I declare that the compensation paid to Workday's named executive officers in the last fiscal year is approved on an advisory basis. This concludes Workday's 2019 Annual Meeting of Stockholders.
Thank you all for your participation in our annual meeting.
Thank you for attending Workday's 2019 Annual Meeting. You may now disconnect.