Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 5

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 5
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 independent directors, and each Committee has a different chairperson. |

| • | Each Committee Chair reviews, approves, and helps develop meeting schedules and agendas for his or her relevant Committee. |

| • | Executive sessions of our Board follow regularly scheduled Board meetings, and our Lead Independent Director presides over executive sessions. |

| • | Many meetings of the Board’s Committees also include executive sessions presided over by the Chairs of the applicable Committees. |

| • | Our Board, through its Nominating and Governance Committee, evaluates itself annually and feedback is discussed at meetings of the Nominating and Governance Committee and the Board. |

Workplace and Culture

| • | Our people are our most important asset, and we strive to create a culture that fosters excellence, collaboration, innovation, empowerment, and engagement. |

| • | In 2018, we established the Workplace and Culture Committee of our Board of Directors to prioritize attracting, motivating, and retaining talented colleagues; to foster productivity and professional and personal development; to promote inclusion; and to encourage our people to engage with each other and their communities. |

| • | We believe that a strong cultural foundation devoted to being both commercial and collegial is imperative to achieving the Lazard 2030 Strategic Plan, which includes a series of ambitious long-term growth objectives and initiatives. Our compensation model for managing directors in our Financial Advisory business is designed to incentivize collegial behavior. Our compensation model in our Asset Management business aligns with business performance and emphasizes teamwork, recognizing both individual and collective contributions. |

Shareholder Engagement

| • | We highly value the perspectives of our stakeholders and proactively engage throughout the year. |

| • | In 2024, we hosted meetings with shareholders representing approximately 70% of our active institutional shareholders, based on reported holdings. |

| • | We prioritize long-term value creation and return of excess capital to shareholders through a flexible capital allocation strategy, while retaining sufficient capital for operating needs. |

| • | We are committed to paying for performance and utilize a long-term compensation program based on share price and our employees hold a significant portion, approximately 25%, of our fully diluted shares outstanding as of year-end. |

| • | We assess feedback from our stakeholders and seek to continually enhance dialogue and transparency. |

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TABLE OF CONTENTS

| Proxy   
 Summary |     | Governance |     | Executive    
 Compensation |     | Audit   
 Matters |     | Shareholder 
 Proposals   |     | General     
 Information |

GOVERNANCE