Company: MBINL
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032188
Chunk: 10

Company: Merchants Bancorp
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 10
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| ● | monitoring the functioning of our standing committees and recommending any changes, including the creation or elimination of any committee; |

| ● | reviewing and assessing the standard for determining director independence consistent with the requirements of applicable laws, regulations, 
 and the Nasdaq rules;                                                                                                                        |

| ● | annually assessing the independence of directors and recommending action to the Board to effect changes in incumbent directors (if 
 deemed appropriate by the Committee);                                                                                              |

| ● | recommending to the Board on an annual basis an independent director to serve as Chairman or Lead Independent Director, as applicable; |

| ● | reviewing shareholder proposals properly submitted, including any proposed amendments to our Articles or By-Laws; and |

| ● | generally advising the Board on corporate governance matters, including reviewing and assessing the Company’s compliance with         
 the requirements of applicable laws, regulations, including state and federal banking laws and the Sarbanes-Oxley Act, and the Nasdaq 
 rules.                                                                                                                                |

Additionally, as provided for in its charter, our Nominating and Corporate Governance Committee also has the power and authority to conduct certain activities as it deems appropriate, including:

| ● | advising and making recommendations to the Board on the appropriate size and composition of the Board; and |

| ● | making recommendations to the Board with respect to the qualifications and independence of members of the Board, committee member 
 qualifications, and committee structure and operations.                                                                           |

The Nominating and Corporate Governance Committee does not currently have any specific minimum requirements for a nominee recommended by it. Additionally, the Nominating and Corporate Governance Committee does not currently have a policy with regard to the consideration of diversity in identifying director nominees. However, the Nominating and Corporate Governance Committee works diligently to ensure that it has identified and recommended nominees that will provide appropriate oversight and bring a variety of perspectives, whether from personal or business experiences. 7 Risk Committee As described in its charter, the Risk Committee has responsibility for, among other things:

| ● | establishing the strategy, policy-setting, centralized oversight, communication, and reporting to management and the Board regarding 
 our Enterprise Risk Management Program;                                                                                              |

| ● | exercising oversight and monitoring of major risk types (i.e., strategic, credit, operational, fraud, compliance, reputational, interest     
 rate, and market risks) against established key risk indicators and risk tolerances to monitor the direction and potential trends, including 
 risk mitigation efforts;                                                                                                                     |

| ● | reviewing management’s risk management framework and associated procedures for effective identification and