Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 23

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 23
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 Dumais will be Chairperson of the Governance & Corporate Responsibility Committee effective May 1, 2025. |

|                                | Human Capital and Compensation Committee  Number of Meetings in 2024: 5 |
| Cynthia B. Carroll Chairperson |                                                                         |

The responsibilities of the Human Capital and Compensation Committee include:

| • | establishing the Company’s general compensation philosophy in consultation with senior management; |

| • | assisting the Board in developing and evaluating potential candidates for executive positions and developing executive succession plans; |

| • | overseeing the Company’s diversity and belonging practices; |

| • | overseeing and monitoring risks related to incentive compensation practices; |

| • | reviewing and approving the corporate goals and objectives of the compensation of the CEO and determining, or recommending to the Board to determine, the CEO’s annual compensation; |

| • | reviewing and approving the evaluation process and compensation structure for the other senior officers and determining, or recommending to the Board to determine, the compensation of such senior officers, based on initial recommendations from the CEO; |

| • | recommending to the Board compensation for non-employee directors; |

| • | overseeing any clawback policy allowing the Company to recoup compensation paid to employees; |

| • | reviewing the Company’s equity incentive compensation and other stock- or cash-based plans; and |

| • | recommending changes in such plans to the Board, reviewing levels of stock ownership by officers, and evaluating incentive compensation arrangements. |

| The Human Capital and Compensation Committee shall have at least three directors. The Board has determined that each member of the Human Capital and Compensation Committee is independent.   Among other responsibilities, the Human Capital and Compensation Committee is responsible for reviewing incentive compensation arrangements to confirm that incentive pay does not encourage unnecessary risk-taking and to review and discuss, at least annually, the relationship between risk management policies and practices, corporate strategy, and senior executive compensation to assess whether any such risk is reasonably likely to have a material adverse effect on the Company. The Company’s stock ownership guidelines established by the Board also serve to mitigate compensation-related risks. During fiscal year 2024, the Human Capital and Compensation Committee determined the Company’s compensation policies and practices for employees were not reasonably likely to have a material adverse effect on the Company. |

| 22  2025 Proxy Statement |

Corporate Governance Risk oversight We face a myriad of risks including operational, financial, strategic, and reputational risks that affect every segment of our business. The Board is actively involved in the oversight and monitoring of these risks in several ways.