Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 10

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 10
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 and evaluation of director candidates and consults on committee members and chairs                                                        |
| Culture                      | Establishes a close relationship and trust with management, providing support, guidance and feedback while respecting executive responsibility                        |
| Board Development            | Encourages directors to participate in ongoing education programs                                                                                                     |
| ExecutiveSuccession Planning | In 2024, led executive succession planning and implementation for CEO and CFO, in collaboration with other Board leaders and Board Committees                         |
| EmergencySuccession Plan     | Maintains an emergency succession plan for the Chair of the Board and the Chair of each Committee, with each planned successor in agreement to serve in such capacity |

The Board has operated by separating the positions of Chair of the Board and Chief Executive Officer to provide significant leadership to management and strong oversight of key opportunities and risks impacting the Company. Further, the Board Committees consist solely of independent directors and provide significant oversight and leadership of key Board functions and considerations. The foregoing structure also provides more time for the Chief Executive Officer to manage the business and develop and implement strategies. The Board has a policy that if the Chair of the Board is not independent under the applicable rules of Nasdaq, the Board will appoint
a Lead Independent Director with significant responsibilities.

14 | 2025 PROXY STATEMENT DIRECTOR SKILLS, EXPERIENCE, QUALIFICATIONS AND DIVERSITY Balance of Knowledge, Experience, Skills and Expertise to Enhance the Board’s Fulfillment of its Oversight Responsibilities As part of the Board’s annual self-evaluation process and in connection with director nominations and candidate searches, the Nominating and Corporate Governance Committee reviews and makes recommendations to the Board, from time to time, regarding
the appropriate skills and characteristics required of Board members in the context of the current make-up of the Board (including diversity attributes), the operations and strategy of the Company and the long-term interests of shareholders, as further discussed in this proxy statement. The biographies of the director nominees set forth their specific qualifications, attributes, skills and experience that led to the Nominating and Corporate Governance Committee’s conclusion that each director nominee should continue to serve on the Board. Although specific qualifications for Board membership may vary from time to time, the minimum core qualities include (A) the highest ethical character, integrity and shared values with the Company, (B) loyalty to the Company and concern for its success and welfare, (C) sound business judgment, and (D) sufficient commitment and availability to carry out a director’s duties effectively. Listed below are additional key skills and experience that we consider important