Company: RNST
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0000715072-25-000085
Chunk: 26

Company: RENASANT CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 26
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caster, who as chief executive officer ultimately is responsible for management’s implementation of our risk management processes, supports the board’s oversight of risk by providing access to reports and information, access to employees and updates on the implementation of recommendations by our committees. Mr. Creekmore, as lead director, leads an independent review of the risk assessments developed by management and reported to the committees. Finally, as discussed above, we have (1) a chief risk officer, who leads our risk management department and in such role oversees management’s assessment of the risks we face, the determination of risk tolerance levels and the implementation of effective risk management processes and procedures, and (2) a director of internal audit, who leads our internal audit department and provides another layer of testing of management’s risk identification and mitigation efforts.

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Director Education. Our board recognizes that, to fulfill its risk oversight duties and satisfy its other responsibilities, it is essential that each director stay abreast of developments in the financial services industry and the risks facing financial institutions similar to us as well as corporate governance best practices for publicly-traded companies. The board taps internal and external resources to obtain the necessary education and training. Multiple times each year, Renasant’s management or our external advisors conduct board presentations on the policies, procedures and controls governing various facets of our operations, including our practices regarding the identification, assessment and mitigation of the various risks facing us. These presentations assist directors not only in performing their risk-oversight responsibilities on various committees but also in performing an informed review of the work of committees on which they do not serve. Each committee also periodically receives management presentations on topics relevant to the committee’s work. In 2024, board training included the following topics, among others:

• Capital . Our treasurer made a presentation to the board on our capital. The presentation focused on, among other things, Renasant’s current capital levels and the various components thereof, the expectations of banking regulators and the investment community regarding capital levels, capital stress testing, and the opportunities presented by Renasant’s capital position. This presentation, which occurred in the first half of 2024, also detailed the impact on Renasant’s capital from the FBMS merger and other transactions that were under consideration at the time.

• Executive Compensation . The compensation committee’s independent compensation consultant provided training to the board with respect to topics impacting Renasant’s incentive compensation program, such as the design of short- and long-term incentives, investor and proxy advisor areas of concern relating to executive compensation, and recent