Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 12

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 12
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 to provide this balance. Chief Executive Officer and Chairman Peter R. Orszag is CEO and Chairman of the Board. Prior to becoming CEO of Lazard, Mr. Orszag led Lazard’s Financial Advisory business, serving companies and governments across the globe, as CEO of Financial Advisory from April 2019 through September 2023. Our Board chose Mr. Orszag to succeed Mr. Jacobs as CEO after a rigorous, multi-year succession planning process across the Board and senior leadership at the Company. As CEO, Mr. Orszag oversees the strategy, operations, and senior management of Lazard. Lead Independent Director Dan Schulman is Lead Independent Director of the Board. Mr. Schulman is a strong, independent and active director with clearly defined leadership authority and responsibilities. In addition to his role as Lead Independent Director, Mr. Schulman serves as a member of the Compensation, Nominating and Governance, and Workplace and Culture Committees of our Board. The responsibilities and duties of the Lead Independent Director include the following:

| • | presiding at meetings of the Board in the absence of the Chairman, including the executive sessions of the independent members of the Board, and providing feedback to the CEO and Chairman, other senior executives and key managing directors, as appropriate, from such executive sessions of the independent directors; |

| • | for the purpose of facilitating timely communication, serving as a liaison between (1) the independent directors (including committee chairs) and (2) the CEO and Chairman, other senior executives and, in consultation with the Chairman and the CEO, key managing directors regarding significant matters (without impeding or replacing direct communication between the CEO and other directors or between or among other directors); |

| • | with input from the other independent directors, (1) reviewing and approving Board meeting schedules, as well as the agendas for such meetings, and (2) calling meetings of the independent directors and setting the agendas in connection with such meetings; |

| • | together with the Board, providing oversight and advice to the CEO and Chairman regarding corporate strategy, direction, and implementation of initiatives; |

| • | being available for consultation or direct communication with significant shareholders; |

| • | together with the Compensation Committee, conducting periodic performance appraisals of the CEO; |

| • | coordinating the activities of the chairs of Board committees; and |

| • | performing such other duties as the Board may from time to time delegate to the Lead Independent Director. |

Our Lead Independent Director also presides at meetings of the Board, or