Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 21

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 21
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 assistance of the Nominating & Governance Committee, annually (or more frequently if circumstances require) assesses the independence of each director.

| 34 | INGEVITY  |  2025 
 Proxy Statement   |

Board and Corporate Governance Matters Evaluating Board performance and effectiveness In conducting its independence assessment, the Board reviews all relevant facts and circumstances, including each nominee’s affiliations and relationships, potential conflicts of interest, and all specific criteria included in the NYSE’s general listing standards. An independent director is a director who our Board affirmatively determines has no material relationship with the Company (either directly or as a partner, stockholder, or officer of an organization that has a relationship with the Company) other than in connection with his or her role as a director. In February 2025, the Nominating & Governance Committee and Board conducted their review of each nominee’s affiliations that are relevant to independence. These affiliations were provided by the nominees in their responses to D&O questionnaires distributed by the Company in December 2024. Once the Company received the list of affiliations, it conducted additional diligence on each relationship and ran searches against the Company’s books and records to determine whether any financial transactions existed with the affiliates. Results of the diligence and searches were reported to the Nominating & Governance Committee and the Board. After reviewing the affiliations and report described above, upon the recommendation of the Nominating & Governance Committee, the Board affirmatively determined that all director nominees other than Mr. Fernandez-Moreno (Ingevity’s Interim President and CEO) are independent in accordance with applicable rules and regulations of the SEC and the general listing standards of the NYSE. Upon Mr. Fernandez-Moreno’s reelection as a director and the conclusion of his service as interim president and CEO, the Board will again assess the independence of Mr. Fernandez-Moreno under NYSE rules. NYSE standards state that service as an interim CEO or other executive officer shall not disqualify a director from being considered independent following that employment. Evaluating Board performance and effectiveness The Nominating & Governance Committee assists the Board in annually assessing the effectiveness of the Board, its committees, and each director in carrying out their respective roles, as described below.

| Format                                                                                                                              |     | Topics                                               |     | Presentation                                                                                                                     
 of Findings                                                                                                                      |     | Feedback                                                                   
 Incorporated                                                               |
| The Nominating & Governance Committee determines the format of the                                                                  
 evaluations, and annually considers the effectiveness of the