Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 27

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 27
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 selecting director nominees to be submitted to shareholders for election at the annual meeting of shareholders. DIRECTOR MEMBERSHIP CRITERIA A director candidate is nominated to stand for election based on his or her professional experience, strategic insights, recognized achievement in his or her respective field, an ability to contribute to our business, experience in risk management, and the willingness to make the commitment of time and effort required of a Truist director over an extended period of time. A director must be “financially literate” and should understand the intricacies of a public company. A director should possess good business acumen, strength of character, and an independent mind, as well as a reputation for integrity and the highest personal and professional ethics. Other factors are also considered in the context of assessing the overall composition of the Board. An important goal of the Board, pursued through the Nominating and Governance Committee, is to recruit and retain directors who possess a broad array of skills, backgrounds, and expertise, that, taken as a whole, create a strong and effective governing body. The Nominating and Governance Committee annually assesses these factors in the director selection and nomination process. DIRECTOR CANDIDATES RECOMMENDED BY SHAREHOLDERS The Board of Directors will consider qualified director nominees recommended by shareholders. Those recommendations should be sent in writing to the Corporate Secretary, Truist Financial Corporation, 214 N. Tryon Street, 43rd Floor, Mail Code 500-93-43-13,Charlotte, North Carolina 28202. The Nominating and Governance Committee will evaluate director candidates recommended by shareholders using the director membership criteria described above. Majority Voting and Director Resignation Policy Our articles of incorporation require each director to be elected by the majority of the votes cast at a meeting of shareholders. Under North Carolina law, an incumbent director who fails to receive a majority of votes cast for his or her reelection remains in office until the director’s successor is elected and qualified, the size of the Board is reduced, or the director resigns or is otherwise removed. Our current Director Resignation Policy addresses this “holdover” issue by requiring any director who does not receive the requisite affirmative majority of the votes cast for his or her reelection to tender his or her resignation to the Board. Under our Director Resignation Policy, as described in our Corporate Governance Guidelines, any incumbent director nominee who fails to receive more votes in favor of the director’s election than against the director’s election shall tender his or her resignation to the Board, which