Company: CMTV
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000534
Chunk: 28

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 28
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 | have the ability to serve at least seven years before reaching the mandatory retirement age; and |

| ● | maintain integrity and confidentiality at all times. |

The Nominating/Corporate Governance Committee does not currently have a formal diversity policy. However, the Committee and the Board believe that it is important and desirable for the Board to include members with diverse business experience, backgrounds and viewpoints. In considering candidates for the Board, the Committee reviews their qualifications, strengths and attributes individually and in relation to the Board as a whole, with the aim of complementing and strengthening the overall composition of the Board. Evaluation of external candidates occurs based on materials submitted by or on behalf of the candidate. If a candidate continues to be of interest after initial consideration by the Committee, additional information about her/him will be obtained through inquiries to various sources and, if warranted, interviews. The Committee will consider prospective nominees recommended by shareholders. Any shareholder wishing to recommend a person for consideration as a Board nominee should submit to the Committee the same information that would be required under the Company’s bylaws if the shareholder sought to make a nomination from the floor at the Annual Meeting. The required information is described elsewhere in this proxy statement under the caption “SHAREHOLDER NOMINATIONS AND OTHER PROPOSALS—Bylaw Requirements for Shareholder Nominations and Other Proposals.” The Committee uses the same criteria for evaluating candidates recommended by shareholders as it does for those proposed by Board members or management. The members of the Corporate Governance/Nominating Committee are Jacques Couture (Chair), Kathryn Austin, Christopher Caldwell, David Laforce, Stephen Marsh, Emma Marvin, Jeffrey Moore and Fred Oeschger, until his retirement from the Board at the 2025 Annual Meeting. During 2024, the Committee met four times. The Committee’s charter is available on the Company’s website at www.communitybancorpvt.com. Committee Assignments for 2025 The following table shows the directors’ current committee assignments, which became effective on January 1, 2025: 18

|                         | Community Bancorp. |                      |              | Bank            |
|                         | Audit              | Corporate Governance | Compensation | Risk Management |
| Thomas E. Adams         | Chair              | -                    | ✓            | -               |
| Kathryn A. Austin       | -                  | ✓                    | ✓            | ✓               |
| Bruce L. Baker          | ✓                  | -                    | ✓            | -               |
| David M. Bouffard       | ✓                  | -                    |