Company: FITBI
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-045653
Chunk: 27

Company: FIFTH THIRD BANCORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 27
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 for candidates for Board leadership.

| 32 |

CORPORATE GOVERNANCE Under our Regulations and Corporate Governance Guidelines, our Lead Independent Director duties include: Leadership

| Lead executive sessions of independent directors and preside at any Board sessions in the absence of the Chair |
| Provide leadership in times of crisis                                                                          |

Communication

| Facilitate discussion among independent directors and between independent directors and the CEO |
| Facilitate communication with major shareholders and regulators                                 |

Agendas

| Approve Board agendas and schedules to ensure topics and discussion times are appropriate |

Special Meetings

| As appropriate, call special meetings of independent directors or suggest special meetings of the entire Board to the Chair |

Executive Sessions

| Lead executive sessions of independent directors, including the development of agendas for such sessions, and serve as a conduit to the Chair on issues and outcomes discussed in such sessions |

Consultants

| Recommend the retention of consultants |

Board Composition

| Recommend director candidates for nomination and consult with the Chair on Committee membership and leadership |

Corporate Governance Guidelines

| Assist the Board and management with implementation of, and compliance with, Corporate Governance Guidelines and consult with the Chair on revisions to Corporate Governance Guidelines |

CEO and Board Performance Evaluations

| Consult with the Human Capital and Compensation Committee on the CEO performance evaluation and meet with CEO to discuss the evaluation |
| Act as a liaison between the Chair and independent directors on Board performance evaluations                                           |

Culture

| Act as a liaison between the Chair and independent directors on issues relating to Board culture |

| Fifth Third 2025 Proxy Statement |     | 33 |

CORPORATE GOVERNANCE Risk Management Oversight. An important role of the Board of Directors is to provide oversight to ensure an enterprise risk management program is implemented and operating effectively, including an appropriate enterprise risk management framework and related governance structure. The Bancorp establishes a risk appetite in alignment with its strategic, financial, and capital plans. The Bancorp’s risk appetite is defined using quantitative metrics and qualitative statements to ensure prudent risk taking and drive balanced decision making. The Bancorp’s goal is to ensure that aggregate residual risks do not exceed the Bancorp’s risk appetite, and that risks taken are supportive of the Bancorp’s portfolio diversification and profitability objectives. The Board and executive management approve the risk appetite, which is considered in the development of business strategies. Through their oversight role, directors also ensure that the risk management processes defined in the framework are functioning as intended. The Board also considers the optimal organizational structure at both the Board and management levels. This may include delegating