Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 14

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 14
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 risk-aware culture. The Company has adopted a defined Risk Appetite Statement ("RAS"), an Enterprise Risk Management ("ERM") framework (the "ERM Framework"), and follows a three lines of defense risk management model. The ERM Framework serves as the foundation for consistent and effective risk management; sets the roles, responsibilities, and accountability for the management of risk; and describes how our Board oversees the establishment of our RAS, which indicates the amount of capital, liquidity, earnings and credit quality the Board and management believe appropriate to put at risk to achieve our strategic objectives and business plans, consistent with applicable regulatory requirements. The Board has distributed certain oversight responsibilities to its committees in keeping with its obligation to oversee and monitor the three lines of defense. To that end, the Board has established management risk oversight committees as set forth at the bottom of this page. The Board provides objective, independent oversight of the most relevant and material risks and:

| · | Receives regular updates from all five of the Board's committees;                                                   |
| · | Receives regular risk reporting from management;                                                                    |
| · | Regularly discusses risks that are considered prevailing or emerging, including those identified by management;     |
| · | Annually reviews and oversees the development of the Company's Risk Appetite Statement, and the strategic plan; and |
| · | Oversees the Company's financial performance against the strategic plan.                                            |

| 2025 PROXY STATEMENT | 19 |

| CORPORATE GOVERNANCE |

Management Accountability for Effective Risk Management:

|         |     |                                                                                                                                                                                       | Chief Executive Officer: Our CEO bears ultimate responsibility to the Board for effectively managing the Company’s risk, including promoting a strong risk-aware culture and implementing the Company’s strategic plan, as approved by the Board, in a manner that supports the Company’s safety and soundness and aligns with the Company’s RAS and ERM Framework.                                                                                 |
|         |     |                                                                                                                                                                                       | Chief Risk Officer: In addition, the Company’s Chief Risk Officer ("CRO") is responsible for keeping the Board and the Risk Committee aware of the Company’s risk profile and risk management practices across all enterprise risks. The CRO reports jointly to the CEO and the Risk Committee and has unrestricted access to the Board and its committees to address risks and issues identified through the ERM Framework.                        |
|         |     |                                                                                                                                                                                       | The Company has established management risk oversight committees, which have been delegated authorities and responsibilities as described in detail in their respective charters and in the ERM Framework.