Company: RNST
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0000715072-25-000085
Chunk: 24

Company: RENASANT CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 24
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 and control weaknesses, and (2) quantifying the operational risks arising from our normal operations, so that executive management has a clear understanding of the extent and scope of the risk our ongoing operations generate and thus can make informed decisions on the steps necessary to remediate such risk (which could include discontinuing an area of operations entirely). The ERM committee oversees operational risk, receiving reports at each meeting of the status of various metrics established to monitor Renasant’s overall operational risk and management’s initiatives designed to address the various aspects of our operational risk.

• Financial Reporting Risk. The audit committee is responsible for matters that fall within this category of risk. This committee meets regularly with management, our independent registered public accountants and our internal auditors (outside the presence of management) to discuss the integrity of our financial reporting processes and internal controls and the steps taken to monitor and control related risks; as noted above, the committee also monitors reports to our anonymous whistleblower hotline. In addition, at almost every meeting the audit committee receives a management presentation designed to give the committee a better understanding of our operations and how the subject of the presentation impacts our overall operational risk.

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The audit committee also oversees our internal auditors. Our internal audit department provides an independent, objective assurance function by evaluating and making recommendations for the improvement of the effectiveness of risk management, control and governance processes throughout Renasant. The internal auditors also help management assess the effectiveness of our internal control over financial reporting. At each audit committee meeting, the director of internal audit reports to the committee on the auditors’ review work since the prior audit committee meeting and the status of management efforts to address internal audit findings.

• Human Capital Management Risk. Human capital management risk is, broadly speaking, the risk that Renasant will not sustain a workplace environment that attracts and retains a workforce with the background and skills necessary to achieve our strategic goals. The board oversees this risk by periodically receiving reports from management on, among other human capital-related matters, employee recruitment, retention and development efforts, employee promotions and turnover, and the competitiveness of Renasant’s compensation and benefits. The board also monitors management’s response to significant events impacting Renasant’s workforce, such as work-from-home arrangements implemented during the COVID-19 pandemic and continued following the subsidence of the pandemic.

We maintain a management committee whose purpose is to monitor and advance our efforts toward fostering, cultivating, and preserving a culture of belonging at Renasant. Our chief community development and corporate social responsibility officer provides the board periodic updates on