Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 17

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 17
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 the Board’s authority with respect to the issuance of preferred securities and to set the terms of such preferred securities. The Special Preferred Stock Committee did not meet in 2024. |

#### Board Oversight
Comerica’s Board has oversight of important topics and is highly engaged in working through issues and discussing plans in both formal and informal meetings.

The Audit Committee of the Board oversees the integrity of Comerica’s financial statements, Comerica’s compliance with legal and regulatory requirements, the outside auditor’s qualifications and independence, and the performance of Comerica’s internal audit and credit review functions and outside auditors, including with respect to both bank and non-bank subsidiaries.

The Compliance Oversight Committee oversees various regulatory and compliance matters, with a focus on risk management.

The Enterprise Risk Committee of the Board oversees Comerica’s risk management, including cybersecurity and information security risks, as well as environmental and social risks (including, but not limited to, Comerica's management of risk pertaining to sustainability and corporate responsibility). The Enterprise Risk Committee is briefed on technology risks on a quarterly basis, at each regularly scheduled meeting. Additionally, Comerica's management-level Enterprise Risk and Return Committee that was established by the Enterprise Risk Committee coordinates risk-related activities across the Company, including climate-related risks, and reports on these risks. The Enterprise Risk Committee also reviews Comerica's business continuity program.

The Governance, Compensation and Nominating Committee of the Board is tasked with reviewing Comerica’s human capital management strategy and talent development program, including recruitment, evaluations, development activities and compensation programs. The full Board is provided annual workforce updates.

#### CORPORATE GOVERNANCE PRACTICES23

#### Role in Risk Oversight
The Board believes that Comerica has the appropriate leadership to help ensure effective risk oversight. Comerica has historically had and continues to pursue a strong risk management culture. We recognize that nearly every action taken as a financial institution requires some degree of risk. Our objective is not to eliminate risk but to give it due consideration to ensure we take the appropriate risks. In choosing when and how to take risks, we evaluate our capacity for risk and seek to protect our brand and reputation, our financial flexibility, the value of our assets and the strategic potential of our Company.

Governance and oversight of risk management activities are shared by management and our Board as follows:

| Board of   
 Directors  |     |                                                                                                                                                                                                                                                                                                                                                                                       |     | The Board approves a statement of our Company’s risk appetite, which is used internally to help our Board and