Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 9

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 9
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 waiver, from a provision of our Code of Business Conduct and Ethics for Directors and Principal and Executive Officers and the waiver relates to one or more of the elements of the code of ethics definition set forth in Item 406(b) of SEC Regulation S-K, then we intend to describe on our website under the “Corporate governance” tab of the “Investors” tab the date and nature of any such amendment or waiver and, if applicable, the name of the person to whom the waiver was granted, or if we do not make such disclosure on our website, we will include it in a current report on Form 8-K filed with the SEC. Board of Directors Functions In addition to its general oversight role, our Board of Directors performs a number of specific functions, including, among others:

| • | Selecting our Chief Executive Officer and overseeing his or her performance |

| • | Planning for management succession |

| • | Reviewing and monitoring strategic, financial and operating plans and budgets and their development and implementation by management |

| • | Assessing and monitoring risks to the company’s business and evaluating and overseeing risk management strategies |

| • | Reviewing and approving significant corporate actions |

| • | Fostering the company’s values-driven culture and reviewing and monitoring processes designed to maintain the company’s integrity, including financial statements, compliance with law and ethics, and relationships with shareholders, employees, customers, suppliers and other stakeholders |

| • | Nominating directors, evaluating board effectiveness, appointing board committee members and overseeing effective corporate governance |

Leadership Structure The board is led by the Chairman of the Board. Currently, Jeffrey W. Martin, our Chief Executive Officer, fills the role of our Chairman of the Board, which is accompanied by the role of a Lead Independent Director with a comprehensive set of responsibilities. The Board of Directors retains the flexibility to determine, from time to time on an ongoing basis, whether the offices of Chief Executive Officer and Chairman of the Board should be combined or separated and whether an independent director should serve as Chairman of the Board. This flexibility permits the board to organize its functions and conduct its business in a manner it deems most effective in then-prevailing circumstances and to select the individual it considers to be best-suited to serve as Chairman of the Board at any particular time. The non-management directors have historically evaluated the board’s leadership structure on an annual basis and expect to continue to do so, and their board leadership decisions are made based on their determination of the leadership structure that is in the best interests of our company and our