Company: SFNC
Filing Date: 2025-04-03
Form Type: DEFR14A
Source: 0001174947-25-000480
Chunk: 23

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-03
Form: DEFR14A
Chunk 23
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 liability, liquidity, and credit risks, as well as certain risks associated with fraud, third -partyvendors, cybersecurity, and information technology). To aid the Risk Committee in its responsibilities, Company management has formed an Enterprise Risk Management Committee of senior executives and has allocated responsibilities for the administration of the risk management program to the Company’s chief risk officer. The Board has adopted a charter for the Risk Committee that outlines its duties. 15 The Audit Committee, composed of independent directors, focuses on financial risk exposures, including internal controls, and discusses with management, the internal auditors, and the independent registered public accountants the Company’s policies with respect to financial risk assessment and management, including risks related to fraud and liquidity. The Compensation Committee, also composed of independent directors, focuses on the oversight of risks associated with compensation policies and programs. Additional Governance and Ethics Considerations •The Company’s directors possess a variety of skills, experiences, and knowledge that provide for diverse perspectives. •Thirteen out of fourteen Company directors are independent, and all members of our Audit Committee, Compensation Committee, and NCGC are independent. •The Company has a strong, independent lead director who chairs the Executive Committee and presides over executive sessions of the Board. •The Board periodically meets in executive sessions with only its independent directors. •The Board and each of its committees may engage outside advisors when and as appropriate. •The Company maintains anti -hedgingand anti -pledgingpolicies for directors and certain employees. •The Company maintains stock ownership policies for directors and executive officers. •The Company maintains a resignation policy for directors in the event they do not receive a majority of votes cast in an uncontested director election. •Each share of Common Stock has equal voting rights with one vote per share. •All Company directors are elected annually. •Directors undertake annual self -assessmentsof the Board and its Committees to evaluate how each of those bodies is functioning. •We believe in, and believe we maintain, a culture that promotes integrity and compliance with laws and regulations. •The Company’s associates are required to undertake annual compliance training on a variety of important policies, procedures, and regulations, including, among others, anti -moneylaundering (BSA/AML) and corruption training, Regulation O training, Fair Lending training, Community Reinvestment Act training, and anti -briberytraining. In addition, multiple ethics courses have also been distributed from time to time across the organization with several topics targeting specific roles. •We maintain a Code of Ethics designed