Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 4

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 4
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               |     |                                      |     |              |     |                |     |               |
| Stephen R. Howe Jr.         
 (Independent)               |     | Chair                                |     |              |     |                |     |               |
| Michelle Jarrard            
 (Independent)               |     |                                      |     |              |     |                |     | Chair         |
| Iris Knobloch               
 (Independent)               |     |                                      |     |              |     | Chair          |     |               |
| Jane L. Mendillo            
 (Independent)               |     |                                      |     |              |     |                |     |               |
| Peter R. Orszag             
 (CEO and Chairman)          |     |                                      |     |              |     |                |     |               |
| Dan Schulman                
 (Lead Independent Director) |     |                                      |     |              |     |                |     |               |

Our Leadership Structure

| • | Peter R. Orszag serves as CEO and Chairman of our Board of Directors. Dan Schulman serves as Lead Independent Director. This leadership structure provides: |

| − | unified leadership and focused vision; |

| − | enhanced oversight and fluid communication and coordination between the Board and management; |

| − | effective continuity of leadership in light of the Company’s history and typical practice in the financial services sector; |

| − | diversity of experience and insight; and |

| − | enhanced client and shareholder engagement and relationships with our Board. |

| • | Our Lead Independent Director, working with our other independent directors: |

| − | provides oversight of the development and implementation of the Company’s strategy; |

| − | provides oversight and evaluation of CEO and senior management performance and compensation, and has regular discussions with our CEO about the Company and its strategy; and |

| − | reviews, approves, and helps develop Board meeting schedules and agendas. |

| Page 4 |

TABLE OF CONTENTS

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

Board Independence

| • | Our Board has determined that eight of its nine members (or 89%), including our Lead Independent Director, are independent under the listing standards of the New York Stock Exchange (“NYSE”) and our own standards of director independence. |

| • | Each of the Board’s Committees, including the Compensation Committee, which ultimately determines the CEO’s compensation, consists entirely of