Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 103

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 103
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 to serve as our independent registered public accounting firm for the 2025 fiscal year is in the best interests of the company and its stockholders.Our Audit Committee has direct responsibility:• For the selection, appointment, compensation, retention and oversight of the work of our independent registered public accountants engaged to prepare an audit report or to perform other audit, review or attestation services for us.• To negotiate and approve all audit engagement fees and terms and allnon-auditengagements of the independent registered public accountants.• To annually evaluate KPMG, including its qualifications and independence, and to replace KPMG as our independent registered public accountant, as appropriate.• To discuss with management the timing and process for implementing the five-year mandatory rotation of the lead engagement partner.The Boardrecommends that you vote“FOR”ratification of theappointment of KPMG LLPas our independentregistered publicaccountants for the yearending December 31,2025.KPMG has served as our independent registered public accounting firm since the merger in 2007. As in prior years, the Audit Committee engaged in a review of KPMG in connection with considering whether to recommend that stockholders ratify the selection of KPMG as BNY’s independent auditor for 2025. In that review, the Audit Committee considered the continued independence of KPMG; the breadth and complexity of BNY’s business and its global footprint and the resulting demands placed on its auditing firm; KPMG’s demonstrated understanding of the financial services industry in general and BNY’s business in particular; and the professionalism of KPMG’s team, including their exhibited professional skepticism, objectivity and integrity.To assist the Audit Committee with its review, management prepares an annual assessment of KPMG that includes (1) an analysis of KPMG’s known legal risks and significant proceedings that may impair KPMG’s ability to perform BNY’s annual audit, (2) the results of a survey of management and Audit Committee members regarding KPMG’s overall performance and (3) KPMG’s fees and services compared to services provided by KPMG and other auditing firms to peer companies. In addition, KPMG provides to, and reviews with, the Audit Committee an analysis of KPMG’s independence, including the policies that KPMG follows with respect to rotating key audit personnel so that there is a new partner-in-charge at least every five years.We expect that representatives of KPMG will be present at the Annual