Company: MSEX
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001174947-25-000561
Chunk: 18

Company: MIDDLESEX WATER CO
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 18
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 The Corporate Governance and Nominating Committee and the Board of Directors periodically review the corporate governance model and functioning of the Board, and the ability of directors to identify and discuss topics of relevant interest or concern. The Board of Directors believes that it should maintain the flexibility to select its chair, and its Board leadership structure, based upon the Board’s operating needs and its assessment of what is in the best interest of the Company and its stockholders. In 2024, the Company operated with one individual, Mr. Doll, serving as Chairman of the Board and another individual, Ms. Leslie, serving as President and CEO. This structure, coupled with a strong Lead Director and Independent standing Board committees leveraged both Mr. Doll’s and Ms. Leslie’s management experience, and was the appropriate governance structure in 2024. Lead Director In order to ensure that the independent Directors play a leading role in our current leadership structure, the Board maintains a Lead Director position with Mr. Walter Reinhard currently serving in that role. Summary of Lead Director Responsibilities:

| • | Advises the Chairman as to an appropriate schedule of Board meetings;                                                                                                         |
| • | Reviews and provides the Chairman with input regarding the agenda for Board meetings;                                                                                         |
| • | Presides at all meetings at which the Chairman is not present, including Executive sessions of the independent directors, and apprises the Chairman of the issues considered; |
| • | Is available  for consultation and direct communication with the Company’s shareholders and other members of the Board;                                                       |
| • | Calls meetings of the independent Directors when necessary and appropriate;                                                                                                   |
| • | Performs such other duties as the Board may from time to time delegate.                                                                                                       |

As part of our Board’s annual assessment process, the Board evaluates our Board leadership structure to ensure it remains appropriate. The Board recognizes there may be circumstances that would lead it to conclude that separate roles of CEO and Chairman of the Board may not be appropriate, but believes that the absence of a formal policy requiring either the separation or combination of the roles of Chairman and CEO provides the flexibility to determine the most appropriate governance structure, as conditions potentially change in the future. Middlesex Water Company 11 2025 Proxy Statement BOARD COMPOSITION Board Composition Matrix (As of March 1, 2025)

| Total Number of Directors               |        |   10 |            |                  |
|                                         | Female | Male | Non-Binary | Did Not Disclose 
 Gender           |
| Part I: Gender Identity                 |        |