Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 19

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 19
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 held in Fiscal 2025 |     | •Identifies and recommends director nominees, reviews and recommends corporate governance principles to the Board, and oversees the evaluation of the performance of the Board and its committees. 
 •Assists the Board with general corporate governance, including Board organization, membership, training and evaluation.                                                                           
 •Oversees public policy, corporate responsibility and related environmental, social, sustainability and governance matters.                                                                        |

| * | Chair |

| † | Designated as an “audit committee financial expert” |

| (1) | Ms. Munce joined the Compensation & Human Resources Committee in March 2025. |

| (2) | Ms. Sistani joined the Finance & Investment Policy Committee in February 2025. |

| 2025 Proxy Statement |     | 21 |

TABLE OF CONTENTS Corporate Governance at Best Buy _____________________________ Board Risk Oversight In addition to its responsibilities as set forth above, the Board and its committees take an active role in the oversight of various risks to the Company. These risk oversight responsibilities are set forth below. A management risk committee comprised of the CEO and her direct reports assesses and aligns on top risks faced by the Company. The Audit Committee oversees management’s processes to identify and quantify the material risks that we face. Our Chief Compliance Officer is a direct liaison to the Audit Committee on our risk oversight processes and procedures. In connection with its risk oversight role, the Audit Committee meets privately with representatives of our independent registered public accounting firm, the Chief Risk Officer, the Chief Compliance Officer, our internal audit staff and our legal staff. Our internal audit staff, which reports directly to the Audit Committee at least quarterly, assists management in identifying, evaluating and implementing controls and procedures to address identified risks. Corporate Responsibility and Sustainability Risk Oversight Given the depth and breadth of risks relating to corporate responsibility and sustainability (“CR&S”) matters, including with respect to inclusion and belonging, we share responsibility for such risks across the entire Board and all of its committees, leveraging the risk oversight expertise of each Board committee based on subject matter. The Audit Committee plays a significant role in the oversight of our CR&S risks related to compliance, including ethics, environmental goals and safety. The Compensation Committee oversees the Company’s human capital management and inclusion and belonging-related risks through a rigorous regular review of the Company’s strategies and programs. This includes overall employee wellness and engagement in these areas, employee benefit plan compliance, leadership succession planning and wage, retention and hiring programs. The Committee also works closely with the Company’s Senior Executive Vice