Company: BSM
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001193125-25-107202
Chunk: 20

Company: Black Stone Minerals, L.P.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 20
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 and data breaches; and |

| • |     | has established specific dollar limits on the commitment authority of members of management for certain transactions and requires Board approval of expenditures exceeding that authority and of other material contracts and transactions. |

The Audit Committee is responsible for overseeing and discussing with management our guidelines and policies with respect to risk assessment and risk management, including our major financial risk exposures and the steps management has taken to monitor and control such exposures as well as the risks associated with our hedging strategy. The Compensation Committee is responsible for reviewing our incentive compensation arrangements to determine whether they encourage excessive risk-taking. It also reviews and discusses the relationship between risk management policies and practices and compensation and evaluates compensation policies and practices that could mitigate any such risk. The Board does not consider its role in oversight of our risk management function to be relevant to its choice of leadership structure. Director Independence The Board has determined that Ms. Barth, Mr. Kyle, Mr. Linn, Mr. Longmaid, Mr. Mathis, Mr. Randall, Mr. Stuart, and Mr. Whitehead are independent as defined by the rules of the NYSE. 14

Committees of the Board The Board has the following standing committees: Audit Committee, Compensation Committee, and Nominating and Governance Committee. The Board will appoint a conflicts committee as necessary. The Audit Committee, the Compensation Committee, and the Nominating and Governance Committee each have a written charter approved by the Board. Each of these written charters is available on our website at www.blackstoneminerals.comunder the “Corporate Governance” subsection of the “Investors” section. Summaries of the functions performed by and the membership of each committee of the Board are set forth below.

| Name                  |     | Audit Committee |     | Compensation 
 Committee    |     | Nominating & 
 Governance   
 Committee    |
| Carin M. Barth(1)(2)  |     | Chair           |     |              |     |              |
| Thomas L. Carter, Jr. |     |                 |     |              |     |              |
| D. Mark DeWalch       |     |                 |     |              |     | X            |
| Jerry V. Kyle, Jr     |     | X               |     |              |     |              |
| Michael C. Linn       |     |                 |     | X            |     |              |
| Ashley J. Longmaid    |     |                 |     | X            |     |              |
| William N.