Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 18

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 18
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 Engagement, Philanthropy, Real Estate & Facilities, Banking, People Services, Investor Relations, Legal, Risk and Vendor Management, and all aspects of our revenue generating businesses. The ESG Committee reports to the Nominating and Corporate Governance Committee of the Board. Senior management and the Board remain committed to being a leader among Hawai'i’s corporate citizens by fostering an effective and efficient risk and control environment that includes an emphasis on an ethically driven culture, sustainable growth, and an ongoing investment in our employees and our community. The Company publishes an annual ESG Report, which adheres to the Sustainability Accounting Standards Board (“SASB”) framework. Taken together, these initiatives drive substantial shareholder value by helping to ensure the continued viability of the Company. The Company’s Code of Business Conduct and Ethics drives a workplace and workforce that embraces the highest ethical and moral standards. We maintain strong and confidential reporting processes and procedures that support an open and honest environment in an effort to ensure that the highest principles of integrity and inclusion are maintained. The Company believes in a work environment where teammates feel they belong, leading them to thrive, contribute and succeed. As of December 31, 2024, approximately 88% of our workforce identifies as minorities (non-Caucasian) and approximately 61% of our employees are female. Among our senior leaders and managers, 82% are minorities and 59% are female. We conduct regular external pay equity studies to evaluate compensation practices and confirm that gender pay gaps do not exist. Our commitment is to create a workplace where every individual feels valued, known, empowered and inspired. COMMITMENT TO EFFECTIVE CORPORATE GOVERNANCE The Company is committed to effective corporate governance practices that enhance and protect shareholder rights. As of December 31, 2024, the following corporate governance practices were in place: • Annually elected directors • Majority voting in director elections with a plurality carve out in the case of contested elections and a director resignation policy • Independent directors comprise 92% (11) of the Board of Directors and 100% of key committees • 33% of directors are women (4) • 50% of directors are ethnically diverse (6) • Ongoing director refreshment with 3 new directors added in the past 5 years • The directors are subject to Company stock ownership guidelines equal to 5 times the director annual cash retainer • Directors actively participate in continuing education programs on corporate governance and related issues • Each director attended at least 75% of the Board and the director’s assigned