Company: HBAN
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001308179-25-000044
Chunk: 10

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 10
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 best positioned to oversee Huntington’s long-term strategy and continued success. The NESG Committee oversees a Board evaluation process for the Board and its committees each year. Regular evaluation is critical to assessing strengths and identifying areas for enhancement, and the annual process is designed to ensure that Board members are free to speak openly and candidly. Periodically, the Board will engage an experienced third party to facilitate the Board’s self-assessment and assessments of individual Directors. As part of the Board evaluation process, the Board considers, among other matters, whether its composition reflects the skills needed to appropriately oversee the Company’s long-term strategy and continued success. The Board also evaluates its processes and interactions with management to determine whether it is operating efficiently with respect to its oversight responsibilities. In addition to participating in the annual Board evaluation process, Directors are encouraged to raise any topics related to Board performance and effectiveness, or any other matter, at any time with the independent Lead Director, the Chair of the NESG Committee, the chair of an applicable committee, the Chairman of the Board, or the Board as a whole, as appropriate. The independent Lead Director makes it a point to engage one-on-one with each Board member throughout the year. The following sets forth the process that is typically used for the Board self-evaluations: In 2024, the Board engaged an experienced third-party firm to facilitate the Board’s self-evaluation. Interviews were conducted with each Board member as part of the evaluation process including, but not limited to, Board and committee culture, dynamics, operations, structure, and composition. The purpose of the assessment was to optimize Board effectiveness and productivity, ensure director subject matter expertise was fully leveraged in relation to committee assignments and committee chair roles, and to provide feedback to the independent Lead Director and Chairman of the Board. In addition, the assessment provided an opportunity for the Board, as a group, and for individual Board members, to receive feedback on their performance. Follow-up action items identified are being implemented into action plans.

| Huntington Bancshares Incorporated      2025 Proxy Statement | 43 |

| Corporate Governance            
 Board Role and Responsibilities |

Board Role and Responsibilities The Board’s Role in Risk Oversight We have a deeply ingrained risk management culture, that is anchored in our Board-approved aggregate moderate-to-low risk appetite. We rely on comprehensive risk management processes to identify, measure, monitor, control, and report risks and to aggregate risks across the enterprise. This system enables the Board to understand the effectiveness of the Company’s risk management practices and capabilities, review the Company’s risk