Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 2

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 2
---
 Statement 11 Board Composition

The Governance & Public Affairs Committee (Governance Committee) is charged with reviewing the composition of the Board and refreshing it as appropriate. With this in mind, the Governance Committee regularly reviews potential candidates and recommends nominees to the Board for approval. The Board takes a thoughtful approach to its composition to maintain alignment with the company’s corporate strategy. Since announcing our plan to spin-off GE HealthCare and GE Vernova, the Board has undertaken significant efforts to align its composition to the company’s long-term strategy as an aerospace company and to bring in new perspectives. As a result, five of the ten nominees have been added in the last four years, with a focus on aerospace & defense sector expertise and operational experience. Director Selection Process Our Governance Committee, together with the full Board, is responsible for establishing criteria, screening candidates and evaluating the qualifications of persons who may be considered for service on our Board. The Governance Committee considers all shareholder recommendations for director candidates. The following describes the Board’s selection process:

| 1 | SUCCESSION 
 PLANNING   |

The Governance Committee prioritizes experiences and attributes to support the current and long-term needs of the company, within the context of the current Board structure and mix of skills and experience.

| 2 | IDENTIFICATION 
 OF CANDIDATES  |

The Governance Committee engages in a search process to identify qualified director candidates, which may include the use of an independent search firm, and assesses candidates’ skills, experience and background and their alignment with the company’s portfolio and strategy.

| 3 | INTERVIEWING 
 CANDIDATES   |

Qualified director candidates are typically interviewed by the Chairman and CEO, Governance Committee chair, lead director and other members of the Governance Committee, as well as other members of the Board and management, as necessary.

| 4 | DECISION       
 AND NOMINATION |

After determining that the director candidates meet the priorities established by the Governance Committee and will serve in the best interests of the company and its shareholders, the Governance Committee recommends, and the full Board approves, director candidates for appointment to the Board and election by shareholders.

| 5 | ELECTION |

The shareholders consider the nominees and elect directors by majority vote to serve one-year terms.

| 6 | ONGOING    
 ASSESSMENT |

On an ongoing basis, including in connection with the annual Board self-evaluation and setting the director slate for the annual meeting, the Governance Committee regularly assesses the composition of the Board to maintain alignment with the company’s strategy and other