Company: COFS
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012677
Chunk: 19

Company: CHOICEONE FINANCIAL SERVICES INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 19
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.bank. As of the date of this proxy statement, Michelle M. Wendling (Chairperson), Michael J. Burke, Jr., Curt E. Coulter, D.O., Bruce (John) Essex, Jr., and Kelly J. Potes serve on the Risk Committee. The Risk Committee may establish subcommittees and delegate authority and responsibility to subcommittees. In appropriate cases, in its discretion, the Risk Committee may delegate its responsibility for the assessment of certain risks to various committees of management or the Board of Directors, which shall report and make recommendations to the Risk Committee regarding such specific areas of risk. The Risk Committee has authority to engage consultants, advisors and legal counsel at the expense of the Company. The Risk Committee met four times during 2024. Mandatory Retirement Policy Under ChoiceOne's mandatory retirement policy for its Board of Directors, no director may continue to serve on the Board of Directors after reaching 70 years of age. Board Leadership Structure and Role in Risk Oversight The Board of Directors has determined that having an independent director serve as Chairman of the Board is in the best interest of shareholders at this time. The structure ensures a greater role for the independent directors in the oversight of the Company and active participation of the independent directors in setting agendas and establishing priorities and procedures for the work of the Board of Directors. The Board of Directors is actively involved in oversight of risks that could affect the Company. This oversight is conducted primarily through the Audit Committee and through ChoiceOne Bank's Asset/Liability and Risk Committee, but the full Board of Directors has retained responsibility for general oversight of risks. The Board of Directors satisfies this responsibility through reports by each committee chair regarding the committee's considerations and actions, as well as through regular reports directly from officers responsible for oversight of particular risks within the Company. Nominations of Directors The Governance and Nominating Committee will consider nominating director candidates recommended by shareholders, directors, officers and other sources. The Governance and Nominating Committee will ultimately determine whether a recommendation will result in a nomination of a director candidate. In considering potential nominees, the committee will review all candidates in the same manner, regardless of the source of the recommendation. In evaluating the skills and characteristics required of directors, the committee considers various factors and believes that each candidate should:

| • | be considered based on a variety of personal attributes, including gender, race, and national origin; |

| • | be an individual of the highest character and integrity and have an inquiring mind, vision and the ability to work well with others; |

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