On January 4, 2023, National Legal and Policy Center filed an exempt solicitation statement soliciting proxies and urged the shareholders of Visa Inc. to vote for a shareholder proposal, requesting the Company to adopt as policy, and amend the bylaws as necessary, to require hereafter that the chair of the board of directors be an independent member of the board, consistent with applicable law and existing contracts, at the Company's annual shareholders meeting scheduled to be held on January 24, 2023.