Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 25

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 25
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 consulting, legal, accounting, charitable or familial relationship or transaction that is not addressed by the above standards exists between a director and the Company, the Board will determine, after taking into account all relevant facts and circumstances, whether such relationship or transaction is in the Board’s judgment material, and therefore whether the affected director is independent. For purposes of these independence standards, an “immediate family member” includes the director’s spouse, parents, children, siblings, mothers- and fathers-in-law, sons- and daughters-in-law, brothers- and sisters-in-law, and anyone (other than a domestic employee) who shares the director’s home. The following 11 director nominees standing for election have been determined by the Board to be independent: Messrs. Erickson, Feldman, Lucien, Mills, Nichols, Vara, and Wo, and Mmes. Hulst, Moy, Tokioka, and Vares-Lum, and accordingly, the Board has a majority of independent directors as defined by the listing standards of the NYSE and the Governance Guidelines. The Audit, Human Resources & Compensation, and Nominating & Corporate Governance Committees are each composed entirely of independent directors who also meet applicable committee independence standards. Mr. Ho is the Chairman and CEO of the Company and is therefore not independent. Human Resources & Compensation Committee Interlocks and Insider Participation During fiscal year 2024, the members of the Human Resources & Compensation Committee, Messrs. Wo, Feldman, Mills, Vara, and Ms. Hulst, did not serve as an officer, former officer, or employee of the Company nor have a relationship that was required to be disclosed under “Certain Relationships and Related Party Transactions.” Further, during 2024, no executive officer of the Company served as: • A member of the Human Resources & Compensation Committee (or equivalent) of any other entity, one of whose executive officers served as one of our directors or was an immediate family member of a director, or served on our Human Resources & Compensation Committee; or • A director of any other entity, one of whose executive officers or their immediate family member served on our Human Resources & Compensation Committee. Oversight of Risk The Company’s governance, including policies, standards and procedures, has been developed with the goal of ensuring that business decisions and the execution of business processes are in compliance with legal and regulatory requirements.

| BANK OF HAWAI'I  •  2025 PROXY STATEMENT | 23 |

| PROPOSAL 1: ELECTION OF DIRECTORS