Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 16

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 16
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 of these documents by contacting our Corporate Secretary at:   Truist Financial Corporation Attn: Corporate Secretary 214 N. Tryon Street 43rd Floor, Mail Code 500-93-43-13 Charlotte, North Carolina 28202 |     | •  Corporate Governance Guidelines   •  Articles of Incorporation and Bylaws   •  Charters for each of the Company’s standing Board committees   •  Code of Ethics   •  Accounting and Legal Violations Policy |

Corporate Governance Practices Our governance practices promote board effectiveness and shareholder interests. Our key corporate governance practices are summarized below:

| Independence   •  Independent Board of Directors: 92% of our current directors are independent, and our Audit, Compensation and Human Capital, and Nominating and Governance Committees are composed entirely of independent directors.   •  Independent Lead Director: Thomas E. Skains serves as our Lead Director, continuing our practice of providing a strong, independent voice to this position. Our Lead Director serves an important governance function by providing strong leadership for non-management and independent directors and is a member of our Executive Committee. Our Corporate Governance Guidelines discuss the responsibilities placed on our Lead Director, which we believe provide an effective counter-balance to the Chairman and Chief Executive Officer role at Truist. See “Board Leadership Structure—Independent Lead Director.”   •  Hedging/Pledging of Shares: We prohibit hedging and pledging of our common stock by directors, executive officers, and other executives whose compensation is reviewed and approved by the Compensation and Human Capital Committee.   Accountability and Shareholder Engagement   •  Strong Board Structure and Governance Practices: Our Board of Directors and committee structure is aligned to position the Company for the economic, regulatory, technological, and competitive challenges that we face. Our Board members conduct self-assessments annually, and committee and chair composition is also considered on an annual basis.   •  Robust Shareholder Engagement Program: We have a formal shareholder engagement program through which we seek feedback on our governance practices from our largest shareholders. The feedback we receive is communicated directly to our Nominating and Governance Committee and is considered in determining whether changes are needed to our corporate governance practices.   •  Clawbacks: We have an Executive Compensation Recoupment Policy, which together with the Truist Financial Corporation 2022 Incentive Plan (the “202