Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 13

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 13
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-evaluation process.

| 1 |     | Evaluate Board Composition                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 The GNC regularly reviews the composition of our Board to assess alignment of the skills, experience, and diverse perspectives of the Board as a whole with the Company’s needs as its strategy, risk appetite, and risk profile evolve.                                                                                                                                                                                                                                           |
| 2 |     | Identify Candidates                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 The GNC identifies potential candidates for first-time nomination as a director through various sources, including recommendations from third-party search firms, Board members, leaders, and other participants in the financial services industry, shareholders and other stakeholders, and contacts in the communities we serve. The GNC is engaged in an ongoing recruitment process aimed at building a strong pipeline of prospective directors for the near- and long-term. |
| 3 |     | Assess Potential Candidates                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 In evaluating potential new director nominees, the GNC makes an initial assessment of the candidate’s qualifications, skills, experience, and attributes in light of the composition of the entire Board. The GNC evaluates all nominees in the same manner, regardless of who recommended the nominee.                                                                                                                                                                            |
| 4 |     | Meet Potential Candidates                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 The candidates who emerge from this process are interviewed by members of the GNC, as well as the Board Chair and the CEO.                                                                                                                                                                                                                                                                                                                                                         |
| 5 |     | Conduct Final Assessment and Recommend for Approval                                                                                                                                                                                                                                                                                                                                                                                                                                
 The candidate provides the Company additional information for use in determining whether the candidate satisfies the applicable requirements of our Corporate Governance Guidelines, Code of Conduct, and any other rules, regulations, or policies applicable to members of our Board. The GNC then presents the candidate’s name for approval by our Board or for nomination for approval by the shareholders.                                                                   |

#### 22Wells Fargo & Company

#### Board and Governance Matters
Director Re-Nomination Process

As discussed under the Boar d E valuation Process section of this Proxy Statement, the GNC considers the results of the Board’s annual self-evaluation, including the individual contributions of directors to the work of the Board and its Committees, in connection with its determination to nominate existing directors for reelection at each annual meeting of shareholders.

Process for Shareholders to Recommend Individuals as Director Nominees

The GNC will consider an individual recommended by one of our shareholders for nomination as a new director. In order for the GNC to consider a shareholder-recommended nominee for election as a director, the shareholder must submit the name of the proposed nominee, in