Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 21

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 21
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   •  develops and leads the Chairman evaluation process |

| The Board has determined that the current structure, with a combined CEO and Chairman of the Board and a Lead Independent Director, is in the best interests of the Company and our shareholders. The combined role of CEO and Chairman provides an effective balance between management of the Company and director participation in our board process and allows for management to focus on the execution of our strategic and business plans. As indicated above, our Lead Independent Director was elected by the independent Board members and has a clear set of comprehensive duties that provide an effective check on management. |

| (1) | John G. Rice will be lead independent director of the Board effective May 1, 2025. |

| 20  2025 Proxy Statement |

Corporate Governance Committees of the board The Board of Directors has an Audit Committee, a Human Capital and Compensation Committee, a Governance & Corporate Responsibility Committee, and a Finance Committee. The charter for each committee has been posted and is available for public viewing under the “Investors-Company Information-Corporate Governance” section of the Company’s website at www.bakerhughes.com and is also available upon request to the Company’s Corporate Secretary. Neither the charters nor the website are incorporated by reference to this Proxy Statement.

|                             | Audit Committee  Number of Meetings in 2024: 5 |
| John G. Rice Chairperson(1) |                                                |

The responsibilities of the Audit Committee include:

| • | assisting the Board in overseeing matters relating to the accounting and reporting practices of the Company; |

| • | reviewing the adequacy of the Company’s internal controls and other financial controls; |

| • | reviewing the quarterly and annual financial statements of the Company; |

| • | reviewing the performance of the Company’s internal audit function; |

| • | reviewing and pre-approving the current year audit and non-audit services; |

| • | overseeing the Company’s compliance programs related to legal and regulatory requirements; |

| • | selecting and hiring the Company’s independent registered public accounting firm; and |

| • | monitoring and discussing with management the Company’s risk assessment and risk management policies and processes, including risks related to financial reporting, cybersecurity, artificial intelligence and compliance. |

| The Audit Committee shall have at least three directors. The Board has determined that each member of the Audit Committee is independent and financially literate and that each of the Audit Committee members are qualified as an “audit committee financial expert” within the