Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 20

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 20
---
 Board of Directors’ consideration in determining the independence of any independent director. Members of the Board of

Directors serve as directors, trustees, or in similar capacities (but not as executive officers or employees) for non-profit

organizations to which we may make charitable contributions from time to time. Contributions to these organizations did not exceed

either $120,000 or 1% of each of those organizations’ annual consolidated gross revenues during their last completed fiscal years.

The standing committees of the Board of Directors are the Audit Committee, the Compensation Committee, and the

Nominating and Governance Committee. Only independent directors, according to NYSE listing standards, serve on these

committees. Other members of the Board of Directors may attend committee meetings from time to time at the invitation of the

respective committee. Each committee acts pursuant to a written charter adopted by the respective committee. The members and

chairs of each committee are set forth above in the table titled “Director Nominee Information: Committee Memberships,” and a

description of each committee is set forth below.

Audit Committee: Each of the members meets the independence standards applicable to audit committees under the

Sarbanes-Oxley Act of 2002 and NYSE listing standards and is an audit committee financial expert, as defined by the SEC. The

Audit Committee’s purpose is to assist the Board of Directors in oversight of our internal controls and financial statements and the

audit process. The Audit Committee held eight meetings during 2024.

Compensation Committee: Each member meets the independence requirements applicable to compensation committees

under NYSE listing standards. The Compensation Committee is responsible for overseeing our general compensation policies and

establishing and reviewing the compensation plans and benefit programs applicable to our executive officers. In that capacity, the

Compensation Committee also administers AMG’s incentive plans, and has sole authority to approve the compensation of our

named executive officers and the performance goals related to such plans and programs. The Compensation Committee held five

meetings during 2024, and conferred on additional occasions throughout the year to discuss changes and enhancements to the

executive compensation program.

Nominating and Governance Committee: The Nominating and Governance Committee is primarily responsible for

recommending criteria to the Board of Directors for Board and committee membership; identifying and evaluating director

candidates; overseeing the annual self-assessment of the Board of Directors and its committees and, in conjunction with the Board

Chair, of the Chief Executive Officer; overseeing succession planning related to the roles of Chief Executive Officer