Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 13

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 13
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| •                                                                                                                                                                                                                                                                                                                                          |     | Approves any political contribution to be made by or on behalf of the Corporation.                                                                                                                                                                                                                                                                                                           |     |                                                                                                                                                                                                                                              |
| •                                                                                                                                                                                                                                                                                                                                          |     | Reviews and oversees the Corporation’s reporting with respect to corporate sustainability matters.                                                                                                                                                                                                                                                                                           |     |                                                                                                                                                                                                                                              |
| RISK MANAGEMENT COMMITTEE                                                                                                                                                                                                                                                                                                                  |     | •                                                                                                                                                                                                                                                                                                                                                                                            |     | Oversees Popular’s risk management with respect to credit, market, interest rate, liquidity, operational, technology, cyber and information security, compliance, legal, climate, reputational, including social, and strategic risks.       |
|                                                                                                                                                                                                                                                                                                                                            |     | •                                                                                                                                                                                                                                                                                                                                                                                            |     | Oversees the Corporation’s information security program and risk management with respect to cybersecurity.                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                            |     | •                                                                                                                                                                                                                                                                                                                                                                                            |     | Oversees the Corporation’s risk management with respect to environmental risks, including but not limited to, risks pertaining to climate change.                                                                                            |
| TALENT AND COMPENSATION COMMITTEE                                                                                                                                                                                                                                                                                                          |     | •                                                                                                                                                                                                                                                                                                                                                                                            |     | Reviews and advises management regarding the Corporation’s human capital strategies, practices, and initiatives, including corporate sustainability matters related to culture, talent acquisition and development and workforce engagement. |

Board Meetings and Executive Sessions The Board met 11 times during 2024. Each director attended 89% or more meetings of the Board and the meetings of committees of the Board on which each such director served. Directors also are kept informed of our business through meetings and direct communications with the Chairman and the CEO regarding matters

18 | 2025 POPULAR, INC. PROXY STATEMENT

TABLE OF CONTENTS

of interest to Popular and our shareholders. While Popular has not adopted a formal policy with respect to directors’ attendance at the meetings of shareholders, Popular encourages directors to attend all meetings of shareholders. All of our directors attended the 2024 annual meeting of shareholders. The Corporate Governance Guidelines provide that the non-management directors will meet in executive sessions in-person after regularly scheduled Board meetings and that independent directors will also meet in executive sessions as frequently as determined by the independent directors, but not less frequently than twice a year. During 2024, directors met in executive sessions after each regularly scheduled in person Board meeting. The independent directors met 5 times during 2024. Director Onboarding and Continuing Education Popular provides an onboarding and orientation process for new directors to facilitate the integration of new