Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 17

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 17
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 the shareholders at the Annual

Meeting. Both the internal auditors and the independent registered accounting firm meet periodically with the Audit Committee

and have access to the Audit Committee at any time. In addition, the Audit Committee oversees management’s bank regulatory

compliance. The Audit Committee is also responsible for overseeing certain aspects of Associated’s sustainability program,

including the sustainability-related aspects of audit oversight.

Compensation and Benefits Committee

The functions of the Compensation and Benefits Committee include, among other duties directed by the Board, oversight of

Associated’s total rewards (specifically compensation, equity, and employee benefit programs) for colleagues, the CEO,

executive committee officers and directors. The Compensation and Benefits Committee sets the strategic direction of

Associated’s total rewards policies and programs, and oversees management’s execution of and compliance with that strategic

direction. The Compensation and Benefits Committee determines the compensation of Associated’s CEO and, with input from

the CEO, establishes the compensation of Associated’s other NEOs. The Compensation and Benefits Committee also has

responsibility for ensuring that Associated’s incentive compensation programs do not encourage unnecessary and excessive risk

taking that would threaten the value of Associated or the integrity of its financial reporting. As permitted under its charter, the

Compensation and Benefits Committee engages an independent compensation consultant to advise it on the structure and

amount of compensation of Associated’s executive officers and Board of Directors, which is described in detail under

“Executive Compensation - Compensation Discussion and Analysis,” beginning on page 35. The Compensation and Benefits

Committee duties also include overseeing certain aspects of Associated’s sustainability program, including reviewing and

evaluating human capital management policies and programs.

Corporate Development Committee

The functions of the Corporate Development Committee include, among other duties directed by the Board, reviewing and

recommending to the Board proposals for acquisition or expansion activities.

Corporate Governance and Social Responsibility Committee

The functions of the Corporate Governance and Social Responsibility Committee include corporate governance oversight,

review and recommendation for Board approval of Board and committee charters. The Corporate Governance and Social

Responsibility Committee also reviews the structure and composition of the Board, considers qualification requirements for

continued Board service, and recruits new director candidates. The Corporate Governance and Social Responsibility Committee

also advises the Board with respect to the Code of Business Conduct and Ethics. The Corporate Governance and Social

Responsibility Committee is also responsible for overseeing aspects of Associated’s sustainability program related to corporate

governance, shareholder rights, board and committee structure, sustainability framework, and sustainability disclosures.

Enterprise Risk Committee

The functions of the