Company: MSEX
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001174947-25-000561
Chunk: 19

Company: MIDDLESEX WATER CO
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 19
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      |            |                  |
| Directors                               |      4 |    6 | –          | –                |
| Part II: Demographic Background         |        |      |            |                  |
| African American or Black               |      1 |    1 | –          | –                |
| Alaskan Native or American Indian       |      – |    – | –          | –                |
| Asian                                   |      – |    – | –          | –                |
| Hispanic or Latinx                      |      – |    – | –          | –                |
| Native Hawaiian or Pacific Islander     |      – |    – | –          | –                |
| White                                   |      3 |    5 | –          | –                |
| Two or More Races or Ethnicities        |      – |    – | –          | –                |
| LGBTQ+                                  |      – |    – | –          | –                |
| Did Not Disclose Demographic Background |      – |    – | –          | –                |

Middlesex Water Company 12 2025 Proxy Statement Board Role In Risk Oversight The Board as a whole plays an integral role in shaping the Company’s strategy, governance and culture. Another critical responsibility is overseeing our risk exposure as part of determining business strategy that generates long-term shareholder value. Risk Management oversight is a core responsibility of the Corporate Governance and Nominating Committee. Specifically, the Corporate Governance and Nominating Committee is responsible for overseeing the process by which significant business and operational risks (including information security risks and risks related to climate change) are identified throughout the enterprise and the strategies developed to mitigate any identified risks. The primary purpose of the Corporate Governance and Nominating Committee in fulfilling its risk management oversight responsibilities is accomplished by (i) assessing and reporting to the Board on the Company’s risk environment, including its material, strategic, and operational risks (including but not limited to the brand and reputation of the Company; the health and safety of the Company’s employees and the business operations of the enterprise); (ii) ensuring that management understands and accepts its responsibility for identifying, assessing, and managing risk; (iii) facilitating management’s strategic focus on the Company’s risk management vision and its evolution; (iv) verifying that the guidelines and policies governing the process by which risk assessment and management is undertaken are comprehensive and evolve commensurate with the risk profile of the Company; and (v) reviewing those risks that the Corporate Governance and Nominating Committee deems material