Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 18

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 18
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2024.

Our Board met in executive session without management present during nearly all of its 2024 regular board meetings. As described in the Our Board Leadership Structure section of this Proxy Statement, the independent Board Chair, Steven D. Black, chairs executive sessions of the non-management and independent directors. Committee meetings include executive sessions led by the respective independent committee chair.

Director Engagement Beyond the Boardroom

In addition to preparing for and participating in frequent Board and committee meetings, our directors engage with key internal and external stakeholders. Through these interactions, they gain valuable insights and share perspectives relevant to our business and the oversight of our strategy and risks.

| Director Engagements Outside of Board and Committee Meetings                                                                                                                                       
 Our independent Board Chair and the chairs of our standing committees participated in numerous stakeholder meetings in 2024 on behalf of the Board, outside of formal Board or committee meetings. |     |                                                                                                                                                                              |
| Representative Engagements                                                                                                                                                                         |     | These meetings include:                                                                                                                                                      
 •Engagement with Management: Our independent Board Chair and committee chairs meet with key members of management, including our Chief Risk Officer (CRO) and Chief Auditor. 
 •Engagement with Regulators: Our independent Board Chair, members of our Risk Committee and certain other directors meet with our primary bank regulators.                   
 •Engagement with Shareholders: Our independent Board Chair and HRC Chair participate in select engagements with key shareholders.                                            |
| Operating Committee members                                                                                                                                                                        |     |                                                                                                                                                                              |
| Senior leadership                                                                                                                                                                                  |     |                                                                                                                                                                              |
| Internal Audit                                                                                                                                                                                     |     |                                                                                                                                                                              |
| Other employees                                                                                                                                                                                    |     |                                                                                                                                                                              |
| Shareholders                                                                                                                                                                                       |     |                                                                                                                                                                              |
| Regulators                                                                                                                                                                                         |     |                                                                                                                                                                              |
| Independent auditor                                                                                                                                                                                |     |                                                                                                                                                                              |
| Independent compensation consultants                                                                                                                                                               |     |                                                                                                                                                                              |
| Third-party search firms                                                                                                                                                                           |     |                                                                                                                                                                              |

#### 30Wells Fargo & Company

#### Board and Governance Matters
Director Orientation, Training, and Education

Directors receive a comprehensive orientation to the Company when they join the Board, and continue to receive ongoing education and training relevant to our business and industry. From time to time, directors are also offered the opportunity to learn more about specific risk and regulatory matters by way of informal sessions with relevant executives and are empowered to seek access to management and independent advisors to obtain any additional information needed.

Directors of our Board are offered training and education opportunities that advance their understanding and experience with risk management in key and emerging areas.