Company: ALIT
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001809104-25-000159
Chunk: 37

Company: Alight, Inc. / Delaware
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 37
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 Committee periodically reviews the Company’s governance structure and practices, including applicable provisions of our Certificate of Incorporation and By-laws. Our Corporate Governance Guidelines do not have a fixed rule about separation of the Chairperson and CEO positions, or whether our Chairperson should be an employee or elected from among non-employee directors. We believe it is in the best interests of the Company to have flexibility to evaluate our leadership structure over time as part of our ongoing succession planning processes, subject to any applicable terms of the Investor Rights Agreement (see the “Certain Relationships and Related Person Transactions - Investor Rights Agreement” section of this Proxy Statement). Our Corporate Governance Guidelines, which are available on our investor website at investor.alight.com under the heading “Governance—Governance documents”, provide that an independent “Lead Director” may be elected from among the independent directors when the Chairperson of the Board is not an independent director or when the Chairperson of the Board is the CEO. We do not currently have a Lead Director. Our Board leadership structure currently se parates the positions of CEO and Chairperson of the Board. The Board believes that this separation is appropriate for the Company at this time because it allows for a division of responsibilities and a sharing of ideas between individuals having different perspectives. In furtherance of the Board’s leadership succession planning, on March 1, 2025, Russell P. Fradin was appointed a director and the Chairperson of our Board, succeeding Mr. Foley as Chairperson after his successful four-year tenure in the role. Mr. Foley remains on the Board as a Director. Our CEO, who is also a member of our Board and its Vice Chair, is primarily responsible for our operations and strategic direction, while our Chairperson, who is not an employee of the Company, is primarily focused on matters pertaining to corporate governance, including management oversight and strategic guidance. As Vice Chair, Mr. Guilmette may preside over meetings of the Board where the Chairperson is absent, and may also preside over meetings of stockholders in the Chairperson’s absence. The Board believes that this is the most appropriate structure at this time but will make future determinations regarding whether or not to separate the roles of Chairperson and CEO, and whether to appoint a Vice Chairperson, based on then-current circumstances. Our Board believes that the structure of the Board and its committees will provide strong overall management of the Company. Code of Conduct The Company has adopted a Code of Conduct that is available on the Company’s website at investor.alight.com. Our Code