Company: VRT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-094674
Chunk: 19

Company: Vertiv Holdings Co
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 19
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 directors.   •  Reviews the structure and operation of our various departments and functions. In these reviews, our Board of Directors discusses with management material risks affecting those departments and functions and management’s approach to mitigating those risks.   •  Reviews and approves management’s operating plans and any risks that could affect the results of those operating plans.   •  In collaboration with the Audit Committee, oversees the Company’s cybersecurity initiatives, product security, enterprise resource planning and SOX compliance, and internal controls.   •  In its review of Annual Reports on Form 10-K (including any amendments thereto), our Board of Directors reviews our business and related risks, including as described in the “Business,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the reports.   •  When our Board of Directors reviews particular transactions and initiatives that require its approval, or that otherwise merit its involvement, it generally includes related analysis and risk mitigation plans among the matters addressed with senior management. The day-to-day identification and management of risk is the responsibility of our management.   •  As the market environment, industry practices, regulatory requirements and our business evolve, we expect that senior management and our Board of Directors will respond with appropriate risk mitigation strategies and oversight. |
| Audit Committee                               |     | •  Our Audit Committee engages in the oversight of risk in various ways.   •  Discusses with management the major financial, legal, compliance and other significant risks faced by the Company   •  Discusses guidelines and policies governing the process by which our senior management assesses and manages the Company’s exposure to risk.   •  Works directly with members of senior management, our independent auditors and, if appropriate, and our internal audit team to review and assess (1) the integrity of our financial statements, (2) our compliance with legal and regulatory requirements, (3) our independent auditor’s qualifications and independence, and (4) the performance of our internal audit function and independent auditors.   •  Assists the Board’s oversight of, among other things, data and cybersecurity policies, procedures and activities, product security initiatives, responsible business activities, compliance with laws and regulatory requirements including SOX, internal controls, and enterprise resource planning.   •  Reviews our business and related risks quarterly in connection with the preparation of Quarterly