Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 12

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 12
---
 of his voluntary retirement as CEO of the Corporation. |

| (2) | On February 25, 2025, Mr. Diercksen informed the Corporate Governance and Nominating Committee of the Board of his decision not to stand for re-election to the Corporation’s Board upon the expiration of his current term, which expires at the Corporation’s 2025 Annual Meeting of Shareholders, after having reached the mandatory director retirement age contemplated in the Corporation’s Corporate Governance Guidelines. |

CORPORATE GOVERNANCE DIRECTORS AND EXECUTIVE OFFICERS | 13

TABLE OF CONTENTS

Committees of the Board All five committees of the Board operate under written charters, which are posted on our website under the heading “Corporate Governance” at www.popular.com/en/investor-relations. Highlighted below are some of the key responsibilities of each committee, as well as information about committee members and their independence, number of meetings in 2024 and last charter revision date, among others. For additional information on the role of certain of the standing committees in connection with risk oversight and oversight of corporate sustainability matters, please see the “Board Oversight of Risk Management” and “Corporate Responsibility and Sustainability” sections of this Proxy Statement.

| Audit Committee                                                                                                                                                                                                                                                                                                            
 11 Meetings in 2024                                                                                                                                                                                                                                                                                                        
 8 discussed earnings releases, Form 10-K and/or Form 10-Q filings.                                                                                                                                                                                                                                                         |     | Members                   
 José R. Rodríguez (Chair) 
 Alejandro M. Ballester    
 John W. Diercksen         
 C. Kim Goodwin            
 Alejandro M. Sánchez      
 Carlos A. Unanue          |     | Independence                                
 Each member of the committee is independent |     | Charter Last Revised 
 December 19, 2024    |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------------------|:----|:--------------------------------------------|:----|:---------------------|
| Primary Responsibilities                                                                                                                                                                                                                                                                                                   
 Assists the Board in its oversight of:                                                                                                                                                                                                                                                                                     
 •the outside auditors’ qualifications, independence and performance;                                                                                                                                                                                                                                                       
 •the performance of Popular’s internal audit function;                                                                                                                                                                                                                                                                     
 •the integrity of Popular’s financial statements, including overseeing the accounting and financial processes, principles and policies, the effectiveness of internal controls over financial reporting and the audits of the financial statements; and                                                                    
 •compliance with legal and regulatory requirements.                                                                                                                                                                                                                                                                        
 In addition, the Audit Committee issues a report, as required by the rules of the