Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 16

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 16
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, Compensation, NCG, Executive, and Independent Directors Transactions Committees. The charters of each of the Audit Committee, the Compensation Committee, and the NCG Committee setting forth the committees’ respective responsibilities can be found in the Investor Relations—Governance section of our website at www.lennar.com. Those charters also are available in print to any stockholder who requests them through our Investor Relations department. We periodically review and revise the committee charters. The Audit Committee charter was most recently revised on June 20, 2024, the Compensation Committee charter was most recently revised on June 22, 2023, and the NCG Committee charter was most recently revised on June 22, 2022. Only independent directors may serve on any of our committees, except the Executive Committee. 16 | LENNAR CORPORATION2025 PROXY STATEMENT

Corporate Governance Board Committees

| Chair: Sherrill Hudson   Members: Tig Gilliam 
 Armando Olivera                               
 Jeffrey Sonnenfeld Serena Wolfe               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Audit Committee |
|                                               | THE AUDIT COMMITTEE IS RESPONSIBLE FOR:   •  selecting and overseeing the engagement and performance of our independent auditors; •  pre-approving all audit and non-audit services provided by our independent auditors; •  reviewing reports regarding our internal control environment, systems, and performance; •  overseeing the integrity of our financial statements and our compliance with legal and regulatory requirements; •  discussing and reviewing our policies with respect to risk assessment and risk management, including guidelines and policies governing our risk assessment and risk management processes; •  discussing and reviewing our policies, management reports and third-party reports with respect to cybersecurity risk assessment and cybersecurity risk management; and •  assisting the Board on corporate responsibility and ESG matters, as well as oversight of associated risks.   The Board of Directors has determined that each member of the Audit Committee meets the independence requirements under the NYSE’s corporate governance listing standards and the independence standards for audit committee members required by the SEC, and that each member is financially literate, knowledgeable, and qualified to review financial statements. In addition, the Board of Directors has determined that each of Mr. Gilliam, Mr. Hudson, Mr. Olivera and Ms. Wolfe meets the requirements of an audit committee financial expert under SEC rules. |