Company: CFG-PE
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000759944-25-000044
Chunk: 8

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 8
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 Risk Management Governance Framework and ensuring risks are properly managed to the risk appetites set for each material risk category 
 •Updates on cybersecurity risk presented to the Risk Committee at each meeting with additional reporting provided regularly to the Board and Audit Committee                                                  |
| Shareholder Rights and Engagement    |     | •Annual election of directors with majority vote standard for uncontested elections                                                                                                                           
 •Annual advisory vote on executive compensation                                                                                                                                                               
 •Capital structure with one vote per common share                                                                                                                                                             
 •Shareholders have proxy access                                                                                                                                                                               
 •Shareholders have the right to call a special meeting                                                                                                                                                        
 •No poison pill                                                                                                                                                                                               
 •Annual Board review of Charter and Bylaw provisions                                                                                                                                                          
 •Annual shareholder outreach program with feedback from engagements shared with and discussed by the Board                                                                                                    
 •Simple majority vote to amend Certificate of Incorporation                                                                                                                                                   |
| Oversight of Sustainability          |     | •Board oversight of sustainability-related matters                                                                                                                                                            
 •Management structure with cross-functional executive steering council                                                                                                                                        
 •Annual voluntary reporting aligned to Global Reporting Initiative ("GRI") and Sustainability Accounting Standards Board ("SASB") reporting frameworks                                                        
 •Dedicated climate reporting aligned to industry standards                                                                                                                                                    |
| Culture and Ethics                   |     | •Code of Business Conduct and Ethics which establishes core standards of ethical conduct                                                                                                                      
 •Conduct Office overseen by the Audit Committee and provides the Board and executive management with an independent and objective view of the Company’s conduct risk profile                                  
 •Annual organizational health survey                                                                                                                                                                          
 •Strong Inclusion program overseen by the Compensation and HR Committee                                                                                                                                       |

#### Citizens Financial Group13

#### Proxy Statement Summary

#### Executive Compensation
The Compensation and HR Committee is responsible for our executive compensation program and determining appropriate compensation for our CEO and other executives. The Compensation and HR Committee has designed and administered a program that has a demonstrated history of maintaining appropriate alignment between executive compensation and Company performance, is supported by effective corporate governance and risk management, and is responsive to shareholder feedback.

This section provides a summary of certain key items relevant to 2024, each of which is described in additional detail in "Compensation Matters—Compensation Discussion and Analysis" , along with our compensation philosophy, program design, compensation governance, and 2024 compensation decisions and related rationale.

Responsiveness to Shareholders and Say-on-Pay Outcome

Last year, our say-on-pay proposal received approximately 63% shareholder support, which was a significant decrease from the prior year's support level of 93% as well as historic support levels. This outcome was seriously considered by