Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 20

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 20
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 and the status of changes made in response to the evaluation results and feedback is reviewed by the GNC and the Board. |     |                                      |
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#### 32Wells Fargo & Company

#### Board and Governance Matters
The Board’s Role and Responsibilities

Our Board is committed to sound and effective corporate governance principles and practices. The Corporate Governance Guidelines adopted by the Board provide the framework for the governance of our Board and our Company.

The following are fundamental aspects of our Board’s oversight responsibilities:

| Strategic Plan, Risk Tolerance, and Financial Performance                          |     | •Review, monitor, and, where appropriate, approve the Company’s strategic plan, risk tolerance, risk management framework, and financial performance, including reviewing and monitoring whether the strategic plan and risk tolerance are clear and aligned, and include a long-term perspective on risks and rewards consistent with the Company’s risk management framework |
| Board Composition, Governance Structure, and Practices                             |     | •Maintain a Board composition, governance structure, and practices that support the Company’s risk profile, risk tolerance, and strategic plan, including having directors with diverse skills, knowledge, experience, and perspectives, and engage in an annual self-evaluation process of the Board and its committees                                                       |
| CEO and other Senior Management Succession Planning, Performance, and Compensation |     | •Select and engage in succession planning for the Company’s CEO and, as appropriate, other members of senior management                                                                                                                                                                                                                                                        
 •Monitor and evaluate the performance of senior management, and hold senior management accountable for implementing the Company’s strategic plan and risk tolerance and maintaining the Company’s risk management framework                                                                                                                                                    
 •Monitor and evaluate the alignment of the compensation of senior management with the Company’s compensation principles                                                                                                                                                                                                                                                        |
| Independent Risk Management, Integrity, and Reputation                             |     | •Support the stature and independence of the Company’s Independent Risk Management (including Compliance), Legal, and Internal Audit functions                                                                                                                                                                                                                                 
 •Reinforce a culture of ethics, compliance, and risk management, and oversee the processes adopted by senior management for maintaining the integrity and reputation of the Company                                                                                                                                                                                            |
| Board Reporting and Accountability                                                 |     | •Manage and evaluate the information flow to the Board to facilitate the Board’s ability to make sound, well-informed decisions by taking into account risk and opportunities and to facilitate its oversight of senior