Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 82

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 82
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-Profits and to complete a thorough vetting process.To further cultivate a culture of giving back and as part of the company’s overall philanthropic programming, in 2023 we established a donor advised fund giving program (the “Impact DAF”). In 2024, we made a contribution to BNY Mellon Charitable Gift Fund (“BNY Charitable”) to support $2 million of giving. We expect to make additional contributions annually. Through the Impact DAF program, Executive Committee members are encouraged to recommend grants to non-profit organizations consistent with our mission. Grant recommendations from our Executive Committee are intended to help to ensure that the Impact DAF program invests in a diverse group of charities that improves the lives of people in communities around the world. Grant recommendations are reviewed and approved by BNY Charitable and the company’s Philanthropy team, which confirms alignment with our mission and our policies and has no obligation to follow recommendations. In addition, BNY Charitable is governed by a majority independent board of directors and has no obligation to follow recommendations made by us. BNY Charitable performs its own due diligence in reviewing whether an organization recommended to receive grants is eligible.We encourage our Executive Committee to make recommendations of grants to non-profit organizations consistent with the company’s philanthropic focus. In 2024, Executive Committee members who are NEOs made the following grant recommendations: Mr. Vince—$100,200; Mr. McDonogh—$18,800; Mr. Kumar—$35,000; and Ms. Keating—$85,000. The aggregate amount recommended by other members of our Executive Committee in 2024 for donation by the Impact DAF was approximately $960,000.How We Address Risk and ControlOn an annual basis, our Chief Risk Officer meets with the HRC Committee to review the company’s compensation plans and arrangements, including those in which members of the Executive Committee participate, to verify that they are well-balanced and do not encourage imprudent risk-taking.For employees who, individually or as a group, are responsible for activities that may expose the company to material amounts of risk, their incentive compensation can be negatively impacted based on their performance through an assessment of their performance on the risk and compliance goals included in our performance management process, directly linking their compensation to risk management. Adjustments to compensation are determined by a senior management committee responsible for control functions and reported to the HRC Committee. This approach allows for the elimination of an incentive award if risk performance is below acceptable standards.With respect to our NEOs, there