Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 16

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 16
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 controls in accordance with regulatory requirements, industry standards and overall risk tolerance of the Company.What are they responsible for?IAS analyzes the effectiveness of all critical risk management functions for compliance with Company policies and the Company’s overall risk management function. In addition, IAS provides insight on adoption of, monitoring and compliance with risk tolerance limits as well as reporting on new evolving risks.What is the reporting and oversight?IAS reports audit issues, including thematic issues, to senior management and the Audit Committee with approved remediation plans. |

Board oversight of cybersecurity and information security risk: The Board and the Risk Committee actively oversee the Company's cybersecurity and information security programs and regularly receive presentations and reports from the Company's Chief Information Security Officer and Chief Information Officer on internal and external cybersecurity and information security developments, threats and risks. The Risk Committee currently has an ad hoc cyber risk subcommittee to provide additional oversight of the Company's cybersecurity and information security priorities. In addition, the Board and the Risk Committee oversee management's implementation of the ERM Framework. Under the ERM Framework, the Company’s Information Security Risk and Compliance departments and all employees are the First Line of Defense (1LOD) with respect to cybersecurity and information security risks, and each employee receives periodic training and education on cyber-security related topics. Additional information about our risk management policies and practices, including our Board’s oversight of cybersecurity and information security risk, is available in our 2024 Form 10-K.

| 2025 PROXY STATEMENT | 21 |

| CORPORATE GOVERNANCE |

Non-Employee DirectorStock Ownership Guidelines

The Board of Directors adopted Stock Ownership Guidelines because it believes that it is important to the Company’s future success that executive officers and directors own and hold a minimum number of shares of common stock of the Company in order to further align their interests and actions with the interests of the Company’s stockholders. The Stock Ownership Guidelines require non-employee directors to own a minimum number of shares of the Company’s common stock, with a value at least equal to five times such director’s annual cash compensation as reported in the Company’s most recent proxy statement, based on a rolling six-month average of the Company’s share price. The Stock Ownership Guidelines provide for a transition period of five years during which new directors must achieve full compliance with these requirements. The Stock Ownership Guidelines are administered and enforced by the Governance Committee, and compliance is monitored and reported to the Governance Committee by the Company’s General Counsel. In 2024, each director was in full compliance with these requirements. Stock Ownership Guidelines for