Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 10

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 10
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 As a financial institution, M&T faces considerable and changing regulatory, risk management and economic demands that require a substantial commitment on the part of our directors. The size of our Board allows for an appropriate number of directors to be designated to each committee with the skills, experience and time to provide proper and effective oversight. The diversity of viewpoints and skills on the Board and each committee also allows for an effective check and balance on proposals from management and directors. |

Over-Boarding Policy.The Board also considers the availability of each nominee to fulfill his or her responsibilities as a director. Both the Corporate Governance Standards and the N&G Committee Charter require that the Board, through the N&G Committee, review a director’s ability to continue to serve as a director of M&T if he or she wishes to join another public company board and would serve on three or more other public company boards after accepting the invitation. In the case of a director who is also an executive officer of a public company, the N&G Committee will conduct such review whenever the director wishes to join another public company board, regardless of the number of other boards on which he or she sits. Each year, the N&G Committee receives a report on and reviews the outside board commitments of all director nominees when considering whether to recommend such directors as nominees.

| 18 |

Board Skills and Experience.The 14 director nominees represent a range of backgrounds, professions, skills, experiences and communities. The Board believes these complementary skills and experiences produce an effective and highly qualified Board. The skills and diversity characteristics below were self-identified by the directors as part of the company’s annual director questionnaire process. Board Skills and Experience Matrix

| SKILLS AND EXPERIENCE           |     |   |     |         |     |          |     |   |     |   |     |          |     |         |     |   |     |          |     |   |     |   |     |          |     |   |     |         |
| CEO                             
 Experience                      |     | ✓ |     |         |     |          |     |   |     | ✓ |     |          |     | ✓       |     |   |     | ✓        |     | ✓ |     | ✓ |     | ✓        |     | ✓ |     | ✓       |
| Commercial                      
 Banking                         |     | ✓ |     |         |     |          |     | ✓ |     | ✓ |     | ✓        |     | ✓       |     |   |     |          |     |