Company: DVAX
Filing Date: 2025-04-17
Form Type: DEFC14A
Source: 0000930413-25-001273
Chunk: 39

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: DEFC14A
Chunk 39
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2025. The Board determined that none of these
transactions would interfere with the exercise of independent judgment in carrying out director responsibilities.

By virtue of his employment with the Company as Chief Executive Officer, Ryan Spencer is not an independent
director.

BOARD LEADERSHIP STRUCTURE

Our Board is currently chaired by Scott Myers. The duties of the chairperson include presiding over all meetings
of the Board, preparing the agenda for Board meetings in consultation with the Chief Executive Officer and other members of our
Board, and calling and presiding over meetings of non-employee directors. Our Board believes that separation of the positions
of chairperson and Chief Executive Officer reinforces the independence of our Board in its oversight of our business and affairs.
In addition, such separation helps create an environment that is more conducive to objective evaluation and oversight of management’s
performance, increasing management accountability and improving the ability of our Board to monitor whether management’s
actions are in the best interests of our Company and its stockholders. Our Board leadership structure is reviewed regularly by
our Board.

MEETINGS OF THE BOARD OF DIRECTORS

During 2024, our Board met 12 times. All
Board members attended at least 75% or more of the aggregate number of the meetings of the Board and the committees on which
the member served, that were held during the portion of 2024 for which they were a director or committee member. We have a
policy encouraging our directors’ attendance at our annual meetings. There were four out of nine then-serving directors
in attendance at our 2024 Annual Meeting of Stockholders.

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DIRECTOR RECRUITMENT, NOMINATION AND SUCCESSION PLANNING

Our Board and the Nominating and Corporate Governance Committee believe that periodic Board refreshment enhances
the effectiveness of the Board and is an essential element of sound corporate governance. The Nominating and Corporate Governance
Committee monitors the Board composition for size, competence, relevant skills, diversity, tenure, collegiality and independence
as well as individual performance, as appropriate.

The Nominating and Corporate Governance Committee conducts a rigorous process to identify director candidates
and recommend the strongest possible director nominees to the full Board. The Nominating and Corporate Governance Committee conducts
an ongoing refreshment/succession planning process and has retained an executive search firm to assist in identifying prospective
director candidates. During 2024, the Board engaged the services of OCCAM Global LLC (“Occam”) to help identify candidates
for director