Company: ELV
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001156039-25-000046
Chunk: 31

Company: Elevance Health, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 31
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.com |     | •Articles of Incorporation                         
 •Bylaws                                            
 •Corporate Governance Guidelines                   
 •Standards of Independence                         
 •Code of Conduct                                   
 •Board Committee Charters                          
 •Political Contributions & Related Activity Report |

We will continue to assess and refine our corporate governance practices and share them with you.

#### Director Evaluation Process
Board, committee and individual director evaluations play a critical role in ensuring the effective functioning of our Board. Each year our Board conducts a rigorous evaluation process, including an evaluation of the full Board, committee evaluations, director self-evaluations and peer evaluations. The evaluation process is multi-faceted and can be summarized as follows:

| Solicitation              |     | Board, committee and individual director performance evaluations:                                                            
 •Board evaluation is facilitated by the Chair of the Governance Committee and an external party                              
 •Individual director assessments are facilitated by an external party                                                        
 •Committee evaluations are conducted for each of the committees upon which directors serve                                   |
| Evaluation and Assessment |     | Directors provide feedback regarding the Board, committees and peers:                                                        
 •Evaluation of Board membership                                                                                              
 •Exploration of Board member behaviors as compared to those of effective boards                                              
 •Assessment of meetings, materials and Board deliberations                                                                   
 •Examinations of key functions, including those that maximize shareholder value                                              |
| Board Review              |     | •Summary of Board and committee evaluations, in addition to individual director feedback, provided to the Board              
 •Chairs of each of the committees lead a discussion of committee evaluation results                                          
 •External party communicates the results of the individual director assessments to the Board and to the individual directors |
| Incorporation of Feedback |     | •Follow-up items are addressed at subsequent Board or committee meetings                                                     
 •As appropriate, Board and committee action plans are prepared to address any issues                                         |

#### Director Orientation and Continuing Education
All new directors on our Board receive an orientation to the Company and training that is individually tailored, taking into account the director’s experience, background, education and committee assignments. Our new director orientation program is led by members of senior management, in consultation with the Chair of our Board, and covers a review of our business segments, strategic plans, financial statements and policies, risk management framework, regulatory matters, internal and external auditors, corporate governance and key policies and practices (including our Code of Conduct), as well as the roles and responsibilities of our directors.

Continuing education occurs at Board and committee meetings, with specific topics of interest covered by management or outside experts. Information