Company: TROW
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001104659-25-028002
Chunk: 6

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 6
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 retention of our independent registered public accounting firm, including oversight of the          
 terms of its engagement and its performance, qualifications, and independence;                      |
| • | The                                                                                                 
 performance of our internal audit function, internal controls, and disclosure controls; and         |
| • | Our                                                                                                 
 risk management framework.                                                                          |

| 16 | T. Rowe Price Group |

The Audit Committee:

| • | Provides                                                                                         
 an avenue for communication among our internal auditors, financial management, chief risk        
 officer, independent registered public accounting firm, and the Board; and                       |
| • | Is                                                                                               
 responsible for maintaining procedures involving the receipt, retention, and treatment of        
 complaints or concerns regarding accounting, internal accounting controls, and auditing matters, 
 including confidential, anonymous employee submissions.                                          |

The independent registered public accounting firm reports directly to the Audit Committee and is ultimately accountable to this committee and the Board for the audit of our consolidated financial statements. The head of the Company's internal audit department reports directly to the Audit Committee. The Audit Committee receives regular updates from our risk and technology departments concerning our information security program. Related Person Transaction Oversight The Audit Committee is responsible under its charter for reviewing related person transactions and any change in, or waiver from, our Code. Our Board has adopted a written Policy for the Review and Approval of Transactions with Related Persons. Any transaction that would require disclosure under Item 404(a) of Regulation S-K will not be initiated or materially modified until our Audit Committee has approved such transaction or modification and will not continue past its next contractual termination date unless it is annually reapproved by our Audit Committee. During its deliberations, the Audit Committee must consider all relevant details regarding the transaction including, but not limited to, any role of our employees in arranging the transaction, the potential benefits to our Company, and whether the proposed transaction is competitively bid or otherwise is on terms comparable to those available to an unrelated third party or our employees generally. The Audit Committee approves only those transactions that it determines in good faith to be on terms that are fair to us and comparable to those that could be obtained in an arms-length negotiation with an unrelated third party. Please see the disclosure provided in the section titled "Certain Relationships and Related Transactions" beginning on page 86.

Executive Compensation and Management Development Committee

| Meetings in 2024: 7                             |     | Chair     | Members  |     |          |     |          |     |          |
| The report of the committee appears on page 65. |     |