Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 20

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 20
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2021) Fidelity National Information Services, Inc. (2014 to 2024) |
| Michael A. Carpenter (1) |     | Symbotic, Inc. (formerly SVF Investment Corp 3) (2021 to 2022) AutoWeb, Inc. (2012 to 2022)              |
| Dr. Eugene Flood, Jr.    |     | Janus Henderson Group plc (since 2017)                                                                   |
| Frank B. Holding, Jr.    |     | flyExclusive, Inc. (since 2023)                                                                          |

| (1) | Mrs. Alemany and Mr. Carpenter also served as directors of CIT until consummation of the CIT Merger effective January 3, 2022. |

| 2025 Annual Proxy Statement |     | 23 |

Corporate Governance Boards’ Role in Risk Management Risk is inherent in any business. As a financial institution, we are subject to extensive regulation specific to the banking industry that requires us to assess and manage the risks we face, and, during their periodic examinations, our banking regulators assess our and the Boards’ performance in that regard. Our Boards strive to ensure that risk management is a part of our business culture and that our policies and procedures for identifying, assessing, monitoring, and managing risk are part of the decision-making process. As is the case with other management functions, and with accountability and support from all company associates, our senior management has primary responsibility for day-to-daymanagement of the risks we face. However, the Boards’ role in risk oversight is an integral part of our overall Risk Management Framework. The Boards administer their risk oversight function primarily through committees, including the Audit, Risk, Trust, and CNG Committees, and the work of these committees enhances the Boards’ ability to fulfill their risk oversight responsibility. Each committee’s oversight responsibilities are described in the table below.

| AUDIT COMMITTEE                                                                                                                                                                                                                                                                                                                                                             |     | RISK COMMITTEE                                                                                                                                                                               |     | TRUST COMMITTEE                                                                                                                                                                                                                                                             |     | CNG COMMITTEE                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| ●  Independent accountants ●  Accounting and financial reporting ●  Internal controls ●  Financial management and disclosure ●  Allowance for credit losses ●  Internal audit function ●  Legal exposure ●  Review and approval of related person transactions ●  Code of Ethics ●  Hedging and