Company: EVF
Filing Date: 2025-05-01
Form Type: 424B3
Source: 0001076598-25-000099
Chunk: 28

Company: Eaton Vance Senior Income Trust
Filing Date: 2025-05-01
Form: 424B3
Chunk 28
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 to, selecting the executive leadership, monitoring and incentivizing performance, succession planning, and
overseeing company strategy. In order to effectively carry out its fiduciary duties, we believe it is crucial for the board to have the
right mix of skills, be sufficiently independent, and have the proper accountability mechanisms in place.

The role of the board of directors is to provide governance oversight
and guidance to position the company for strategic success and drive long term value creation for shareholders. We believe that diverse
perspectives on the board help directors assess and manage risks and opportunities comprehensively. Diversity on a board can include diversity
of thought, background, skills, and experiences. Directors with a mix of tenures can also be beneficial to balance new perspectives with
industry experience and knowledge. We generally expect the board to be composed of directors with adequate skill sets and diversity to
provide oversight of the business, and in line with any local market regulations. Additionally, we expect the audit committee to have
directors with appropriate financial expertise to serve on the committee.

We generally expect boards to adhere at a minimum to their prevalent
market or regulatory standards on board independence. In most markets, a majority independent board is considered best practice. When
assessing independence of directors, we may consider relevant circumstances and relationships with the company and related parties such
as senior management or large shareholders.

In our experience, the right leadership structure is critical to a strong
board. When voting on matters related to board leadership, we may consider company performance and any evidence of entrenchment or perceived
risk indicating power may be overly concentrated in a single individual. We also generally expect key board committees to be comprised
of independent board members.

Director elections are the primary mechanism for shareholders to hold
board members accountable. Therefore, we generally expect directors to be elected annually to serve on the board by majority vote. We
generally expect directors who fail to receive majority shareholder support should resign from their position unless there is sufficient
disclosure concerning the reasons why they failed to get support from a majority of the shareholders.

Boards should take into consideration the views of their long-term shareholders
to ensure alignment, and to make appropriate efforts to communicate their plans and views broadly. To that end, we generally expect the
board to engage meaningfully with long-term shareholders, especially to address concerns on matters that may affect the long-term value
creation of the company.

We may consider withholding support for directors where we have significant
concerns due to inadequate risk oversight of potentially financially