Company: BWFG
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001505732-25-000079
Chunk: 19

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 19
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 unconstitutional in December 2024. However, the Company has chosen to continue to provide diversity statistics regarding its Board of Directors.

| Board Diversity Matrix (As of March 27, 2025)                    |     |        |     |      |
|:-----------------------------------------------------------------|:----|-------:|:----|-----:|
| Board Size:                                                      |     |        |     |      |
| Total Number of Directors                                        |     |     10 |     |      |
| Gender:                                                          |     | Female |     | Male |
| Number of Directors Based on Gender Identity                     |     |      1 |     |    9 |
| Number of Directors Who Identify in Any of the Categories Below: |     |        |     |      |
| Asian*                                                           |     |      1 |     |    — |
| White                                                            |     |      — |     |    9 |

* Indian American

Our Board of Directors is focused on maximizing the effectiveness of the Board of Directors and keenly aware of the benefits of Board diversity in its decision-making abilities. Our Board of Directors has not adopted a formal diversity policy as one was not deemed to be necessary to articulate or advance the Board’s diversity goals.

We view and define diversity in its broadest sense, which includes gender, ethnicity, education, experience and leadership qualities. The Governance and Nominating Committee believes that having a diverse Board of Directors offers a depth of perspective and enhances overall operations. The Governance and Nominating Committee values diversity of experience, perspective, education and race, and considers the representation of women and members of minority communities as part of its overall annual evaluation of director nominees for election or re-election. In addition, in searches for new directors, the Governance and Nominating Committee will consider the level of representation of women and members of minority communities on our Board of Directors and this will be one of several factors used in its search process. This will be achieved through continuously monitoring the level of representation of women and members of minority communities on the Board Directors and, where appropriate, recruiting qualified candidates who are women or members of minority communities as part of the Company’s overall recruitment and selection process to fill director positions, as the need arises, through vacancies or otherwise.

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#### Code of Conduct; Code of Ethics
Our Board of Directors is committed to developing and maintaining effective, transparent, and accountable corporate governance practices. We have adopted Corporate Governance Guidelines as a set of guiding principles under which we govern our affairs