Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 14

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 14
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 proactive risk identification, developing an aggregated view of risks, and providing a consistent governance methodology across M&T. The Risk Governance Committees are management committees predominately chaired by members of our Independent Risk Management teams, and membership spans employees from all three Lines of Defense. All such committees report up to the Management Risk Committee, which is chaired by the Chief Risk Officer (“CRO”), and serves as the executive level committee responsible for the implementation and oversight of the Risk Framework.•  Clearly defined roles and responsibilities through the establishment of Risk Management policies and procedures.•  Risk Reporting, which provides a sustainable mechanism designed to ensure that the Management Risk Committee and the Risk Committee are notified of all material risks and provided an independent assessment of M&T’s activities by the Second Line of Defense.In 2024, the Risk Committee established two subcommittees focused on oversight of cybersecurity and technology risks and commercial credit risks, respectively. In addition to the Risk Committee, the Audit Committee plays a key role in risk management oversight through the validation and oversight of our internal controls, policies and procedures to help ensure their effectiveness, as described further below in the description of the Audit Committee. Our C&HC Committee also22
provides oversight of risks associated with M&T’s compensation programs, as described in more detail under “Incentive Compensation Governance” in the Compensation Discussion and Analysissection of this proxy statement. The CRO meets with the Risk Committee at each of its meetings and provides a report at least twice per year to the Audit Committee and at least annually to the C&HC Committee. The Board regularly receives reports from the Chair of the Risk Committee and the CRO. The Board also regularly receives reports from the Chair of the Audit Committee. During 2024, the Risk Committee held 16 meetings, including two joint meetings with the Audit Committee. Oversight of Sustainability and Related Matters Board Oversight.The Board is committed to effective oversight of sustainability and related matters. The Board maintains such oversight through its committee structure.

| • |     | N&G Committee: The N&G Committee serves as a resource to the Board on corporate governance, including governance of sustainability matters, and oversees the company’s overall sustainability strategy and policies; |

| • |     | Risk Committee: The Risk Committee is responsible for oversight of M&T’s Risk Framework, which includes the oversight of climate risk; |

| • |     | C&HC Committee: The C&HC Committee reviews M&T’s human capital and talent management strategies; and |

| • |     | Audit Committee: