Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 3

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 3
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 priorities towards investing in growth. |

2024 Achievements In 2024, we made significant progress towards these goals. We remain on track to achieve our MD growth target by the end of the first quarter of 2025, and we are in active discussions with numerous additional potential hires. We plan to continue our investment in MD growth with 10 to 15 net additions annually. We are ahead of schedule in our efforts to increase MD productivity, another goal as part of the Lazard 2030 Strategic Plan. Average revenue per MD totaled $8.6 million for the full-year 2024, one year ahead of our goal to achieve $8.5 million for 2025. During 2024, we also established Lazard Elaia Capital, a strategic partnership that launched a growth capital fund to provide clients with the opportunity to invest in private technology companies. In addition, efforts to expand our delivery through wealth management and active ETFs present new vectors for growth. Our ability to achieve these goals is subject to numerous risks and uncertainties, including but not limited to those outlined under the section titled “Risk Factors” in our 2024 Annual Report.

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TABLE OF CONTENTS

| Proxy   
 Summary |     | Governance |     | Executive    
 Compensation |     | Audit   
 Matters |     | Shareholder 
 Proposals   |     | General     
 Information |

Corporate Governance Highlights We are committed to maintaining the highest standards of corporate governance, which serve the best interests of the Company and our shareholders. We also believe our ongoing engagement with shareholders helps us achieve balanced and appropriate solutions for the oversight and management of our business. The following table summarizes certain highlights of our corporate governance practices and policies.

| Independent Board                                 |     | •Eight of our nine current directors are independent                                                                                                                                
 •All Committees of our Board are comprised entirely of independent directors                                                                                                        |
| Strong Lead Independent Director                  |     | •Our independent directors select a Lead Independent Director with broad responsibilities                                                                                           |
| Diverse and Engaged Board                         |     | •Our directors possess a wide array of qualifications, skills, and attributes, supporting our Board’s oversight role on behalf of our shareholders                                  
 •Our Board consists of a diverse and international group of directors                                                                                                               
 •Overall attendance by our directors at Board and Committee meetings averaged over 95% in 2024                                                                                      
 •Our Board and Committees conduct annual evaluations and self-assessments                                                                                                           |
| Executive Sessions                                |     | •Independent directors meet regularly without management present