Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 28

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 28
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 1. ELECTION OF DIRECTORSCorporate Governance and Board InformationDesign of Assessment Process• CGNSR Committee and independent Chair (or Lead Director, as applicable) determine the process, scope and contents of the Board’s annual performance evaluation.• The process is generally designed to facilitate a multi-year perspective and comparability of feedback and assessment results cycle-over-cycle.Evaluation and Director Self-Assessment•Questionnaires– The evaluation program consists of multiple cycles. Each director is provided with a separate evaluation questionnaire for the full Board and each standing committee on which the director serves for each cycle.• During the externally facilitated cycle, the evaluation questionnaires solicit feedback at a granular level on topics relevant to Board and director effectiveness.• After the externally facilitated cycle, the questionnaires are refined to hone in on the core elements of Board and committee effectiveness.•Interviews– Each director also participates in individual interviews as part of the externally facilitated cycle. An independent, third-party advisor is retained to guide the interviews to allow each director an opportunity to elaborate on his or her questionnaire submissions and to provide candid reflection on personal contributions, the performance of other directors and Board and committee effectiveness generally.•Ongoing Feedback– Elements of the feedback loop supporting the evaluation exercise include:• For an externally facilitated cycle, after the director interviews and the results of the evaluation exercise are reported to the Board and each committee, the third-party facilitator meets with each director to provide share feedback from the “peer-to-peer” exercise on the director’s performance and effectiveness.• Directors are also periodically solicited for feedback throughout the year, and are generally encouraged to provide input and make suggestions for enhancements throughout the year, including with respect to topics of discussion, assessment of Board and committee materials provided by management, focus of director etxa801554_ducation sessions, and the logistics and administration of virtual and hybrid Board and committee meetings.Topics covered as part of the evaluation process:• Director contribution and performance• Board structure and size, and Board dynamics• Strategic priorities for focusing Board oversight• Range of business, professional and other backgrounds necessary for a director to serve the company• Content and form of information provided to the Board by managementReview and Presentation of Findings• In each cycle, the independent, third-party advisor aggregates the questionnaire responses (and when available, interview feedback) and develops a report for the Board and each Committee.• Each standing committee self-evaluation is conducted by