Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 19

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 19
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 of the N&G Committee who is an independent director by or on the date of the Annual Meeting to replace Mr. Brady, who is not standing for reelection, in order to maintain at least three members on the N&G Committee. The N&G Committee held five meetings in 2024, including one joint meeting with the C&HC Committee. The N&G Committee considers nominees for director who are recommended by various persons or entities, including, but not limited to, non-managementdirectors, the Chief Executive Officer and other executive officers of M&T, and shareholders. As explained above under “Board Composition and Refreshment,” in evaluating all nominees for director, including those recommended by shareholders, the N&G Committee reviews the qualifications and independence of each potential nominee in light of the composition of the current Board and its various committees. The N&G Committee has engaged a third-party firm to assist with identification and evaluation of potential future director nominees. The N&G Committee is comprised solely of independent directors. The Board determined that no member of the N&G Committee has any material relationship with M&T that might interfere with the exercise of the member’s independent judgment and that each member meets the standards of independence established by the SEC and the NYSE. The N&G Committee is governed by a written charter approved by the Board. The N&G Committee Charter is available on M&T’s website at ir.mtb.com/corporate-governance. Risk Committee The Risk Committee assists the Board in its oversight of M&T’s risk management function, including the strategies, policies, procedures and systems established by management to identify, assess, measure and manage the major risks facing M&T. In discharging its duties of risk oversight, the Risk Committee provides input to management on risk appetite, risk profile and regulatory requirements and assesses the effectiveness of M&T’s risk management framework. The Risk Committee also oversees the appointment and compensation of the CRO. See “Board’s Role in Risk Oversight” above for more information about the Risk Committee’s role in assisting the Board in its oversight of risk management functions. The current members of the Risk Committee are Messrs. Barnes, Charles, Ledgett, Sadler (Chair) and Walters and Ms. Godridge. In 2024, Ms. Chwick served on the Risk Committee until April 2024, at which time Messrs. Charles and Walters joined the Committee alongside existing members Messrs. Barnes, Ledgett and Sadler and Ms. Godridge who served throughout 2024. The