Each of the Audit Committee, the Governance Committee (which also serves as the nominating committee) and the Organization and Executive Compensation Committee is comprised entirely of independent directors.
Based on its review of relevant information, the Board has determined that each member of the Audit Committee meets all applicable independence and financial literacy requirements and that each of Mary E. Ludford, Jane L. Peverett and Maila H. Wasson and Charles A. Wilhoite is an "audit committee financial expert," as that term is defined under applicable SEC rules. Ms. Peverett serves on three other public company audit committees in addition to service as Chair of the Company's Audit Committee. In 2025, the Board considered Ms. Peverett's qualifications, experience and commitments, and determined that such simultaneous service does not impair Ms. Peverett's ability to effectively serve on the Company's Audit Committee or as its Chair.