Company: RNST
Filing Date: 2025-02-26
Form Type: PRE 14A
Source: 0000715072-25-000057
Chunk: 20

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: PRE 14A
Chunk 20
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 risks facing Renasant (although this list is by no means exhaustive):

| •Credit risk                             |     | •Operational risk              |
| •Interest rate/liquidity risk            |     | •Financial reporting risk      |
| •Compliance/legal risk                   |     | •Human capital management risk |
| •Cybersecurity/information security risk |     | •Compensation risk             |

To identify and mitigate the above risks as well as other identified risks, the board primarily acts through its committee structure. The board’s ERM committee is responsible for: identifying enterprise-wide risks, both immediate and longer-term; assessing how risks within each category affect other risks within that category and in other risk categories; and facilitating our operations within risk tolerance levels that are established annually by management and approved by the board. The ERM committee:

• Oversees and assists management in the risk assessment process and the implementation of comprehensive risk management processes and procedures,

• Annually reviews and approves our overall risk appetite and risk tolerance levels within each identified category of risk suggested by management, and

• On an ongoing basis, reviews and adopts policies, procedures and controls that are intended to identify, manage and mitigate risk.

The ERM committee’s work is supported by our management enterprise risk management committee (our “management ERM committee”), a management committee led by our chief risk officer whose membership includes our president (who is also our chief operating officer) and the leaders of our major business lines and back office functions. The management ERM committee reviews the information to be reported to the ERM committee and provides a forum for Renasant’s senior executive management to review and discuss existing risks, trends with respect thereto and the status of risk mitigants therefor, and also to call attention to emerging risks that Renasant may need to address. The activity of this management committee enables more informed and focused reporting of risk issues by management to the ERM committee and the board.

The following discussion describes in more detail the risks listed above and the role of the ERM committee and other committees of the board (or the board of the Bank), working with management committees that report to these committees, in identifying and mitigating these risks:

• Credit Risk. The Bank’s credit review committee is primarily responsible for credit administration and other risks arising from our lending activities, such as the risks presented by the various categories of lending that we engage in and risks posed by excessive concentrations in any particular category of loans. Among other things, this committee approves the Bank’s loan policy manual and any changes to our