Company: MMU
Filing Date: 2025-09-16
Form Type: DEF 14A
Source: 0001193125-25-204747
Chunk: 12

Company: WESTERN ASSET MANAGED MUNICIPALS FUND INC.
Filing Date: 2025-09-16
Form: DEF 14A
Chunk 12
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 Fund’s independent auditors and with their own separate independent counsel. 12

The Directors review the Fund’s financial statements, performance, net asset value and market
price and the relationship between them, as well as the quality of the services being provided to the Fund. As part of this process, the Directors review the Fund’s fees and expenses in light of the nature, quality and scope of the services
being received while also seeking to ensure that the Fund continues to have access to high quality services in the future.

The Board of Directors
has four regularly scheduled meetings each year, and additional meetings may be scheduled as needed. In addition, the Board has a standing Audit Committee, Nominating Committee, Compensation Committee and Pricing and Valuation Committee that
meet periodically and whose responsibilities are described below.

During the fiscal year ended May 31, 2025, the Board of Directors held four
regular meetings and three special meetings. Each Director attended at least 75% of the aggregate number of meetings of the Board and the committees for which he or she was eligible. The Fund does not have a formal policy regarding attendance by
Directors at annual meetings of stockholders.

Each of the Audit Committee, Nominating Committee, Compensation Committee and Pricing and Valuation
Committee is composed of all Directors who have been determined not to be “interested persons” of the Fund, FTFA, Western Asset or their affiliates within the meaning of the 1940 Act, and who are “independent” as defined in
the New York Stock Exchange listing standards (“Independent Directors”), and is chaired by an Independent Director. The Board in its discretion from time to time may establish ad hoccommittees.

The Board of Directors is currently comprised of eight directors, seven of whom are Independent Directors. Eileen Kamerick serves as Chair of the Board.
Ms. Kamerick is an Independent Director. The appointment of Ms. Kamerick as Chair reflects the Board’s belief that her experience in business and finance, including financial reporting, and experience as a board member of a highly regulated
financial services company, facilitates the efficient development of meeting agendas that address the Fund’s business, legal and other needs and the orderly conduct of board meetings. The Chair develops agendas for Board meetings and presides
at all meetings of the Board. The Chair also leads executive sessions of the Independent Directors, serves as a spokesperson for the Independent Directors and serves as a liaison between the Independent Directors and the Fund’s management
between Board meetings. The Independent Directors regularly meet outside