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

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 23
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 assessment of insurance carriers and brokers; andReview and approve significant risk management policies recommended by the Company’s management. |
| ·   ·   ·     ·  ·  ·      ·    · | Receive presentations and other information to understand the significant risks to which the Company is exposed;At least once a year, review the ERM Framework, and, as appropriate, consider updates based on identified significant risks to which the Company is exposed; Monitor, on a regular basis, the Company’s risk management performance and obtain, on a regular basis, reasonable assurance that the Company’s risk management policies for significant risks are being adhered to; Be consulted in the hiring and dismissal of the CRO, and approve compensation of the CRO; Review the periodic summary reports of the enterprise-wide Risk & Control Self- Assessment (RCSA) Program;Consider and provide advice to the Board of Directors, when appropriate, on the risk impact of any strategic decision that the Board of Directors may be contemplating, including considering whether any strategic decision is within the risk tolerance established for the Company and its individual business units;Recommend a risk appetite statement for the Company to the full Board for approval, and monitor compliance with the risk appetite statement, including development of risk tolerances, targets and limits as appropriate;Review and discuss with management significant federal and state regulatory reports and reported risk management deficiencies of the Company and related risk management and remediation plans; |     |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

Dr. Sohn and Mr. Blakely each served on the Risk Committee during 2024 and were independent.

| 2025 PROXY STATEMENT | 27 |

| CORPORATE GOVERNANCE |

2024 Compens ation of Directors We have designed our non-employee director compensation program to achieve the following objectives:
(a) align directors’ interests with the long-term interests of our stockholders; (b) attract and retain outstanding director candidates with diverse backgrounds and experiences; and (c) recognize the substantial time commitment required to serve as a director for the Company. The Compensation Committee reviews the Company’s director compensation program on an annual basis and provides recommendations to the full Board as appropriate. When making its recommendations, the Compensation Committee considered director compensation levels at the same group of companies used to benchmark our named executive officers’ compensation for 2024. See “Benchmarking of Compensation” on page 42 for more information. Willis Towers Watson (the “Consultant”), served during 2024 as the Compensation Committee’s independent consultant with