Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 17

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 17
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 interplay of the candidate’s experience with the experience of other Board members, the extent to which the candidate would be a desirable addition to the Board and any committees of the Board and any other factors it deems appropriate. Shareholders wishing to recommend to the Nominating and Governance Committee a candidate for director at our 2026 Annual Meeting of Shareholders may do so by delivering in writing such candidate’s name, along with the other information required by our By-laws, to our Corporate Secretary at: Lazard, Inc., Office of the Corporate Secretary, 30 Rockefeller Plaza, New York, New York 10112 between January 8, 2026 and February 7, 2026.

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TABLE OF CONTENTS

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

Director Independence Pursuant to the corporate governance listing standards of the NYSE, our Board has adopted standards for determining whether directors have material relationships with Lazard. The standards are set forth on Annex B to this Proxy Statement. Under these standards, a director employed by Lazard cannot be deemed to be an “independent director” and, consequently, Mr. Orszag is not an independent director of Lazard. Our Board has determined that none of our other directors or director nominees has a material relationship with Lazard under the NYSE corporate governance listing standards and our Board’s standards for director independence and, accordingly, that each of our directors and director nominees (other than Mr. Orszag) is independent under the NYSE corporate governance listing standards and our Board’s standards. Director Compensation for 2024 Non-Employee Director Compensation . Directors who are officers of the Company do not receive any fees for their services as directors. In 2024, our directors’ compensation program provided that each of our non-employee directors would receive:

| • | an annual cash retainer of $126,000; |

| • | an annual award of deferred stock units (“DSUs”) with a grant date value of $154,000; and |

| • | annual retainers, payable 45% in cash and 55% in DSUs, in the amounts of: |

| ○ | $20,000 for the chair of each committee ($30,000 in the case of the Audit Committee); |

| ○ | $50,000 for the Lead Independent Director; and |

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