Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 16

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 16
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 including board oversight, meeting cadence and materials, and composition and structure.           |     | g Responses to the Questionnaire inform a discussion, led by our Lead Director, during an executive session of the full Board.                                                                                                                     |
| Committee Assessments    |     | g Each Committee Assessment Questionnaire is reviewed by its respective committee and any enhancements are incorporated into the Questionnaire.                        |     | g The Questionnaire is released to each committee’s respective directors for completion, with topics including materials, access to management, and meeting tenor.                       |     | g Responses to the Questionnaire are used by each Committee Chair to lead a discussion during the next session of the committee.                                                                                                                   |
| Director  Assessments    |     | g The Director Assessment Questionnaire is reviewed by the Nominating and Corporate Governance Committee and any enhancements are incorporated into the Questionnaire. |     | g The Questionnaire is released to all directors for their completion, asking each director to rate his or her performance and identify areas of opportunity.                            |     | g Responses to the Questionnaire serve as a foundation for an individualized discussion of each director’s performance in an executive session of our Nominating and Corporate Governance Committee (which includes each of our Committee Chairs). |
| Lead Director Assessment |     | g The Lead Director Assessment is reviewed by the Nominating and Corporate Governance Committee and any enhancements are incorporated into the Questionnaire.          |     | g The Questionnaire is released to all independent directors for their completion, to provide feedback on the Lead Director’s performance against the role’s specified responsibilities. |     | g Responses to the Questionnaire inform a discussion of our Board, with the Lead Director excused from participation, in connection with the annual appointment of a Lead Director.                                                                |

Board and Committee Responsibilities The Board delegates various responsibilities and authority to its five standing committees: Audit, Nominating and Corporate Governance, Compensation and Organization (the “Compensation Committee”), Risk, and Technology. The Board has also established an Executive Committee that serves the functions described on page 18 of this proxy statement. Each committee operates pursuant to a written charter. The committees regularly report on their activities and actions to the full Board. The Board, with the recommendation of the Nominating and Corporate Governance Committee and in consultation with the Lead Director, appoints the members of the committees, and has determined that each member of a standing committee is an