Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 21

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 21
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 as long as the director serves on the Board.üOurcodes of conduct, which apply to our directors and all of our employees, are rooted in our strategic pillars and principles, provide a framework for the highest standards of professional conduct, and foster a culture of honesty and accountability.üWe continue to enhance our robustorientation and education programs for directors. The orientation process for a new director is tailored to the specific needs of the director and is designed to facilitate and expand a new director’s understanding of our businesses, Board duties, and the culture of our company and the Board. All directors are encouraged to participate in thoughtfully selected continuing education programs for which expenses are reimbursed. In addition, education sessions led by members of senior management are regularly made available to the directors on an in-boardroom basis.WHAT WEDON’T DO×No staggered board.×No “poison pill” (stockholders’ rights plan).×No supermajority voting. Action by stockholders requires only a majority of the votes cast (not a majority of the shares present and entitled to vote).×No plurality voting in uncontested director elections. Each director must be elected annually by a majority of the votes cast.Corporate Governance DevelopmentsOur directors, who offer a varied set of backgrounds, expertise and skills, contribute to the design and development of our corporate governance framework. Our governance practices are also informed by engagement with our stockholders and other stakeholders, as well as through careful consideration and monitoring of governance and industry developments. As a result of this dynamic, the Board has a well-established focus on long-term business strategy and resiliency, leadership succession and corporate culture, and performance. This foundation positioned the Board to oversee and guide the company through an eventful 2024, including transformative changes to our company’s operating model, continuing geopolitical uncertainty, and a swiftly evolving technological landscape. In addition to its regular engagement on developments in the financial services sector throughout the year, the Board agenda included consistent financial, operational, strategic and business-related topics, and the Board maintained a regular dialogue with management regarding its direction and action on matters related to operational and strategic direction, change management, and resiliency. The Board also engaged with management throughout the year on the company’s sustainability performance and Enterprise Sustainability strategy, including periodic updates on the company’s disclosure and reporting initiatives. A discussion of the Board’s engagement on sustainability matters is covered beginning on page 34.Our Board has also focused on Board refreshment and succession efforts over the past several years, culminating in a