Lazard Inc
For the period ended May 9, 2024. Filed Mar 21, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 9, 2024 · Filed Mar 21, 2024
Contents
Board Evaluation Process
Our Board is committed to continually strengthening all aspects of corporate governance and our Board and the individual directors regularly evaluate their own effectiveness and the effectiveness of the Board process. As part of that review, the Nominating and Governance Committee conducts an annual review in which each director completes a self-evaluation questionnaire to assess overall effectiveness, including with respect to strategic oversight, interactions with and evaluations of management, board culture, board structure and operation, governance policies and committee structure and composition. The results of these evaluations are aggregated and shared on an anonymous basis with the Nominating and Governance Committee, which then reviews and presents its findings to the full Board for discussion and feedback. Through this regular self-assessment, the Board identifies areas for further reflection and improvement and, as appropriate, updates or changes our existing practices. The Nominating and Governance Committee annually reviews, updates and approves the evaluation framework, including the director evaluation questionnaires, in light of changing conditions and shareholder interests.
| | | | | | | ||
| Annual Process is Initiated | | | | | The Nominating and Governance Committee initiates the annual evaluation process by reviewing and updating the self-assessment process and approving the director self-evaluation questionnaires. | | |
|---|---|---|---|---|---|---|---|
| | | | | | | ||
| Individual Director Evaluations & Self-Assessments | | | | | Each director completes an annual self-evaluation questionnaire to help evaluate whether the Board and each director are functioning effectively, including with respect to its interaction with management, and to provide an opportunity to reflect upon and improve the Board’s policies, procedures and structure. | | |
| | | | | | | ||
| One-On-One Director Interviews | | | | | At the direction of the Nominating and Governance Committee, private interviews may be conducted with individual directors to discuss feedback. | | |
| | | | | | | ||
| Review by Nominating and Governance Committee | | | | | The results of the director self-evaluation questionnaires and interviews are compiled and anonymized, then shared with the Nominating and Governance committee, which reviews and discusses the evaluations and highlights key areas for further discussion, reflection and improvement. | | |
| | | | | | | ||
| Presentation of Findings | | | | | The Nominating and Governance Committee presents its findings to the full Board for discussion and feedback. Based on these findings, the Board assesses the overall effectiveness of the Board and identifies possible areas for further consideration and improvement. | | |
| | | | | | | ||
| Feedback Incorporated | | | | | In response to feedback solicited from the Board, the Nominating and Governance Committee discusses areas of focus for improvement and works with management and the Board committees to develop appropriate action plans. Recent areas identified for continued consideration include reassessing board composition and desired attributes for new directors, enhancing the focus of materials presented to the Board and its Committees and enhancing discussions on the Company’s strategy and the competitive landscape. | | |
Page 22
Information Regarding the Board of Directors and Corporate Governance | Policy on Director
Qualifications and Nomination Process
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.