Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 14

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 14
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     | • |     | Community leadership                                   |

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 27

Governance

We believe our current governance practices provide the foundation for excellence. Our best practices include:

| Board Composition and Policies |     |                                                                                                                                 |     | Shareholder Rights |     |                                                                                                                |
| •                              |     | All non-executive directors are independent, including Board chairs                                                             |     | •                  |     | Takeover defenses—directors are elected annually                                                               |
| •                              |     | All independent committees (other than the Executive Committees)                                                                |     | •                  |     | Majority vote for directors, with mandatory resignation policy and plurality carve-out for contested elections |
| •                              |     | Separation of leadership roles of the Chair of the Board and the Chief Executive Officer                                        |     | •                  |     | Proxy access provisions consistent with market standards —three percent for three years                        |
| •                              |     | Director over-boarding policy prohibiting service on more than three public company boards                                      |     | •                  |     | No supermajority vote requirements                                                                             |
| •                              |     | Regular executive session meetings without management                                                                           |     | •                  |     | One share, one vote                                                                                            |
| •                              |     | Board oversight of key areas, including risk, cybersecurity, safety, sustainability, climate resilience, compliance, and ethics |     | •                  |     | No anti-takeover poison pill—shareholder approval required for adoption                                        |
| •                              |     | Annual Board and Committee evaluations                                                                                          |     | •                  |     | Confidential voting policy for uncontested elections                                                           |
| •                              |     | Ongoing director education                                                                                                      |     | •                  |     | Policy limiting certain types of services provided by the independent auditor                                  |
| •                              |     | Executive and director stock ownership guidelines                                                                               |     | •                  |     | Right to amend bylaws                                                                                          |

Many of our governance practices are documented in the Corporate Governance Guidelines adopted by the Boards of PG&E Corporation and the Utility and available on our website as described further on page 108. These Guidelines are reviewed annually and updated as recommended by the Sustainability and Governance Committee.

#### Leadership Structure
Each company’s Board maintains a flexible policy regarding board leadership structure, including whether the offices of Chair and CEO (or President, if the office of CEO is not filled) should be separate and, if the roles are separate, whether the Chair should be elected from management