Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 15

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 15
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ilitate effective communication between the Board and shareholders                                                                                                                    
 •Facilitate the Board’s review and consideration of shareholder proposals                                                                                                                 
 •Serve as an additional point of contact for the Company’s primary regulators                                                                                                             
 •Preside over each annual meeting of shareholders                                                                                                                                         |
| Advisory Role                                  |     | •Serve as an advisor to the CEO                                                                                                                                                           |
| CEO Performance Evaluation                     |     | •Participate, along with other directors, in the performance evaluation of the CEO                                                                                                        |
| Ethics and Culture                             |     | •Set the ethical tone for the Board and reinforce a strong ethical culture                                                                                                                |
| Company Strategy                               |     | •Lead the Board’s review of the Company’s strategic initiatives and plans and discuss the implementation of those initiatives and plans with the CEO                                      |

Annual Chair Selection

Our Board’s GNC is responsible for periodically evaluating our Board’s leadership structure, and based on the GNC’s recommendation, our Board selects the Chair annually. If re-elected at the 2025 Annual Meeting, Mr. Black will continue to serve as our independent Chair, a role he has held since August 2021. The Board believes his significant experience in senior leadership roles managing strategy and risk at financial institutions assists in providing appropriate oversight over management’s execution of its risk and control strategy.

#### 24Wells Fargo & Company

#### Board and Governance Matters
Our Board Committee Structure

Standing Board Committees

Our Board has standing committees that act on behalf of the Board and report on their activities to the entire Board.

| Audit |     | Finance |     | Governance 
 &          
 Nominating |     | Human     
 Resources |     | Risk |

Each committee may form and delegate, in its discretion, all or a portion of its authority to subcommittees of one or more of its members. In 2024, the Credit Subcommittee was reintegrated into the Risk Committee. In January 2025, our Board approved the integration of the responsibilities of the CRC into our GNC’s responsibilities and related dissolution of the CRC. See Corporate R esponsibility Committee below.

From time to time, the Board may form special purpose committees to which the Board may delegate responsibility for oversight of particular matters.

Committee Composition

The Board appoints the members and chair of each committee based on the recommendation of the GNC.

As part of this process, the GNC annually reviews the committee structure, committee assignments, and chair positions and recommends to the Board the assignment of Board members to various committees. The Board does not