Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 70

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 70
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 determines that such a

change is in the best interests of the Company and its stockholders.

Ratification of the selection of PwC as our independent registered public accounting firm for the current fiscal year requires the

affirmative vote of a majority of the shares of common stock cast at the Annual Meeting. Abstentions will have no effect on this

proposal.

**Recommendation of the Board of Directors**

The Board of Directors believes that the selection of PwC as the Company’s independent registered public accounting firm is

in the best interests of the Company and its stockholders and, therefore, unanimously recommends that the Company’s

stockholders vote FOR this proposal.

**51

AUDIT COMMITTEE REPORT**

The Audit Committee currently consists of Annette Franqui, David C. Ryan, and Loren M. Starr, each an independent director

of the Company, with Mr. Starr serving as the Chair of the Audit Committee.

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

statements and the audit process. The Board of Directors has determined in its business judgment that all members of the Audit

Committee are “independent,” as is required by the listing standards of the NYSE and under SEC rules.

Management is responsible for the preparation, presentation, and integrity of the Company’s financial statements, accounting

and financial reporting principles, and internal controls and procedures designed to assure compliance with accounting standards

and applicable laws and regulations. The independent registered public accounting firm, PwC, is responsible for performing an

independent audit of the consolidated financial statements in accordance with the standards of the Public Company Accounting

Oversight Board (the “PCAOB”).

In performing its oversight role, the Audit Committee has reviewed and discussed the audited financial statements with

management and PwC. The Audit Committee has also discussed with PwC the matters required to be discussed by the applicable

standards of the PCAOB, including Auditing Standard No. 1301, “Communications with Audit Committee,” and other applicable

laws and regulations. The Audit Committee has received the written disclosures and the letter from PwC required by applicable

requirements of the PCAOB regarding PwC’s communications with the Audit Committee concerning independence, and has

discussed with PwC its independence.

Based on the reports and discussions described in this report, and subject to the limitations on the role and responsibilities of

the Audit Committee referred to below and in its charter, the