Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 23

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 23
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 opportunities. Programs and courses are provided by both in-houseexperts and outside advisors on a wide range of topics to enhance the directors’ knowledge in areas important in carrying out their responsibilities as directors.

| 24 |     | | 2025 Proxy Statement |

Corporate Governance To facilitate awareness of outside learning opportunities, Truist makes available to directors a calendar of relevant programs. Management reports annually to the Nominating and Governance Committee with respect to completed development activity over the past year and plans for future development opportunities. Newly elected directors undergo an extensive director orientation process. We view the director orientation process as a means to acquaint newly elected directors with our culture, businesses, operations, corporate governance, and risk-management framework and also to further their understanding of Truist’s competitive position within the broader financial-services industry. Additionally, directors newly appointed to any of the Board’s committees are offered an orientation to the committee and its duties and operations. BOARD AND BOARD COMMITTEE SELF-ASSESSMENTS Cadence and Process On an annual basis, the Board and its committees evaluate their performance and other attributes of their effectiveness. The Nominating and Governance Committee is responsible for overseeing these self-assessments and recommends a process for approval by the Board. In 2024 the process included written surveys that were completed by the members of the Board and each committee and one-on-oneinterviews by the Chairman with each director. Topics The self-assessments are designed to support the Board and its committees in adapting their structures and practices as opportunities for enhancement are identified and as Truist’s size, scope of operations, risk profile, and other characteristics change over time. Topics covered in the Board’s self-assessments generally include:

| • | strategy and risk appetite; |

| • | management succession and accountability; |

| • | information needs and director development; |

| • | stature of independent functions; and |

| • | Board composition and governance structure. |

Topics covered in the assessments of the Board’s committees generally include:

| • | general oversight; |

| • | management accountability; |

| • | information needs; and |

| • | committee composition and governance structure. |

Reporting and Action Items Results of the self-assessments are discussed by the directors in executive sessions and, as appropriate, are conveyed to senior management to improve oversight by the Board and its committees. For example, based in part on previous self-assessments, enhancements have been made to meeting agendas and materials, opportunities for director development, and processes for management succession planning