Company: RNST
Filing Date: 2025-02-26
Form Type: PRE 14A
Source: 0000715072-25-000057
Chunk: 23

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: PRE 14A
Chunk 23
---
, including disruptions at third party vendors that provide services to us. Renasant has an operational risk management department, tasked with both (1) identifying Renasant’s existing operational controls and any gaps in such controls and then working with lines of businesses to implement new, or strengthen existing, controls to eliminate or at least mitigate and control weaknesses, and (2) quantifying the operational risks arising from our normal operations, so that executive management has a clear understanding of the extent and scope of the risk our ongoing operations generate and thus can make informed decisions on the steps necessary to remediate such risk (which could include discontinuing an area of operations entirely). The ERM committee oversees operational risk, receiving reports at each meeting of the status of various metrics established to monitor Renasant’s overall operational risk and management’s initiatives designed to address the various aspects of our operational risk.

• Financial Reporting Risk. The audit committee is responsible for matters that fall within this category of risk. This committee meets regularly with management, our independent registered public accountants and our internal auditors (outside the presence of management) to discuss the integrity of our financial reporting processes and internal controls and the steps taken to monitor and control related risks; as noted above, the committee also monitors reports to our anonymous whistleblower hotline. In addition, at almost every meeting the audit committee receives a management presentation designed to give the committee a better understanding of our operations and how the subject of the presentation impacts our overall operational risk.

<div align='center'>18</div>

The audit committee also oversees our internal auditors. Our internal audit department provides an independent, objective assurance function by evaluating and making recommendations for the improvement of the effectiveness of risk management, control and governance processes throughout the Company. The internal auditors also help management assess the effectiveness of our internal control over financial reporting. At each audit committee meeting, the director of internal audit reports to the committee on the auditors’ review work since the prior audit committee meeting and the status of management efforts to address internal audit findings.

• Human Capital Management Risk. Human capital management risk is, broadly speaking, the risk that Renasant will not sustain a workplace environment that attracts and retains a workforce with the background and skills necessary to achieve our strategic goals. The board oversees this risk by periodically receiving reports from management on, among other human capital-related matters, employee recruitment, retention and development efforts, employee promotions and turnover, and the competitiveness of Renasant’s compensation and benefits. The board also monitors management’s response to significant events impacting Renasant’s workforce, such as work-from