Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 42

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 42
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 discussed the information necessary to fulfill each Committee’s respective responsibilities and duties with respect to areas of common interest (including, among other matters, the company’s methods for identifying and managing risks).•  Review of periodic reports regarding corporate-wide compliance with laws and regulations.•  Review of any items escalated by the Risk Committee that have significant financial statement impact or require significant financial statement/regulatory disclosures.•  Review processes for managing and assessing risk through the Risk Committee and management-level risk committees.BNY 2025 PROXY STATEMENT 37

## ITEM 1. ELECTION OF DIRECTORSCorporate Governance and Board InformationEntityPrimary Responsibilities for Risk ManagementManagement•  Risk and Compliance: Implement an effective risk management framework and provide independent oversight of risk management.•  Internal Audit: Provide reliable and timely information to our Board and management regarding our company’s effectiveness in identifying and appropriately controlling risks.•  Senior Risk and Control Committee: As the most senior management-level risk governance body at the company, review significant risk events, emerging risks and drivers of risk, and top risks on an ongoing basis. Provide oversight for all risk management, compliance and ethics activities and processes, including the risk framework.Our Chief Risk Officer reports jointly to the CEO and the Risk Committee, which is responsible for approving the Chief Risk Officer’s appointment and annually reviewing his or her compensation and performance. The Senior Risk and Control Committee is chaired by the Chief Risk Officer and escalates issues to the Risk Committee, the Audit Committee, or to the full Board of Directors or other committees of the Board, as needed. Our company has also formed several risk management sub-committees of the Senior Risk and Control Committee to identify, assess and manage risks. Each risk management sub-committee reports its activities to the Senior Risk and Control Committee and any significant changes in the key responsibilities or in the Chair of any sub-committee, must be approved by the Senior Risk and Control Committee.Our company also has a comprehensive internal risk framework, which facilitates risk oversight by the Risk Committee. Our risk management framework is designed to:•identify, measure, monitor, control and report risks appropriately;•define the type and amount of risk the company is willing to take;•maintain a risk management organization that is independent of risk-taking activities; and•promote a strong risk management culture that encourages a focus on risk-adjusted performance.Board Meetings and Committee InformationBoard MeetingsOur Corporate Governance Guidelines provide that our directors are expected to attend our Annual Meeting