Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 41

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 41
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, business and operations. We maintain a comprehensive risk management framework that is designed to enable intelligent risk-based decisions that support our responsible growth by appropriately identifying, measuring and mitigating material risks. Our primary risk exposures as well as our risk management framework and methodologies are discussed in further detail on pages 48 through 55 in our 2024 Annual Report. In addition, refer to “How We Address Risk and Control” beginning on page 74 below for a discussion of risk assessment as it relates to the role of the HRC Committee in relation to our compensation program. Additional details regarding the standing committees of the Board, including the Risk Committee and the Audit Committee, can be found in “Committees and Committee Charters” beginning on page 38.EntityPrimary Responsibilities for Risk ManagementRisk Committeeof the Board,comprised entirely ofindependent directors•  Review and approval of significant enterprise-wide risk management policies and associated risk management frameworks of the company.•  Review and approval of the company’s risk appetite statement on an annual basis, and approval of any material amendment to the statement.•  Review of significant risk exposures and the steps management has taken to identify, measure, monitor, control and report such exposures, including risks such as credit, market (including interest rate risk in the banking book and investment portfolio risk), liquidity, operational (including fiduciary and technology risks), strategic and model risks and risks associated with incentive compensation plans.•  Evaluation of risk exposure and tolerance.•  Review and evaluation of the company’s practices with respect to risk assessment and risk management.•  Review, with respect to risk management and compliance, of (1) issues identified by the company’s Risk and Compliance department and the Internal Audit department (“Internal Audit”), and management’s responses and follow-ups, (2) corporate-wide compliance with laws and regulations, and (3) significant examination reports and associated matters identified by regulatory authorities and management’s responses.•  Review the Risk and Compliance department’s scope of work and its planned activities.Audit Committeeof the Board,comprised entirely ofindependent directors•  Review processes used by the company to manage and assess risk, including related policies.•  Oversight responsibility with respect to the integrity of our company’s financial reporting and systems of internal controls regarding finance and accounting, as well as our financial statements.•  Coordinate with the Risk Committee so that each Committee has received and, when appropriate,