Elevance Health

ELEVANCE HEALTH, INC.

CORPORATE GOVERNANCE GUIDELINES

(As Amended October 4, 2023)

I.
Role of the Board of Directors and Management

The Board of Directors (“Board”) of Elevance Health, Inc. (the “Company”) is the ultimate
decision-making body of the Company except with respect to matters reserved to the
shareholders. It oversees and guides the Company’s business through the exercise of its
business judgment in what it reasonably believes to be in the best interests of the...