Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 15

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 15
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 The Audit Committee is responsible for reviewing and discussing with management key sustainability-related disclosures, including internal procedures and controls related to such disclosures. |

Management Governance Structure.Board oversight is supported by a management governance structure which includes our Sustainability Committee. The Sustainability Committee oversees M&T’s sustainability program and management framework, including sustainability-related strategies, goals and targets, and disclosures. The Sustainability Committee is comprised of key executive leaders and reports regularly to the N&G Committee. In addition, we have established a Sustainability Working Group comprised of senior leaders from across M&T to provide feedback on and promote enterprise alignment of sustainability initiatives. Climate risk is integrated into our Risk Framework with oversight from the Risk Committee. The Climate Risk Working Group was established by M&T’s senior-level Operational Risk Committee to aid in the governance and review of oversight of climate risk and is comprised of employees across the company who monitor for climate risks.

| M&T provides more information regarding its sustainability program, priorities and progress 
 in its annual Sustainability Report, which can be found on M&T’s Investor Relations         
 website at ir.mtb.com.                                                                      |

Oversight of Executive Succession Planning The Board, through the C&HC Committee, oversees M&T’s executive management succession planning process, including regular reviews of succession plans for the CEO and other executive officers (including the named executive officers described in this proxy statement). The C&HC Committee’s review of succession plans goes beyond in-linereplacement planning, taking into account the evolving needs of the bank, future capabilities required, and management’s preparation of multiple succession options for critical positions.

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The C&HC Committee regularly meets with the CEO, Chief Human Resources Officer, and Chief Talent Officer to review the effectiveness of the bank’s performance management, compensation, and succession planning practices. This increases transparency and governance in areas such as pay-for-performance,pay equity, identification of succession risks, and management’s efforts to mitigate those risks by preparing future leaders to operate the bank. Talent and executive succession planning is also discussed and reviewed with the full Board and the N&G Committee. Board Committees Current Board and Committee Membership (as of March 1, 2025)

| Director                    |     | Audit |     |       |     | Compensation and 
 Human Capital    |     |       |     | Executive |     |       |     | Nomination     
 and Governance |     |       |     | Risk |     |       |
| John P. Barnes(1)           |     |       |     |       |     |                  |     |