Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 12

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 12
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 to be appropriate for the Board as it fosters effective decision making and clear accountability. Lead Independent Director.The Board adheres to M&T’s Corporate Governance Standards and annually elects a non-executiveVice Chairman of the Board who also serves as the lead independent director. Mr. Geisel has served as the lead independent director since April 2024, succeeding Mr. Brady who had served in the role since 2015. As lead independent director, Mr. Geisel presides over the executive sessions of the non-managementdirectors, provides leadership and input into Board operations and governance decisions and may from time to time represent the Board in meetings with shareholders or other stakeholders. Executive Sessions of the Non-ManagementDirectors.The non-managementdirectors meet at regularly scheduled executive sessions without management. Mr. Geisel, Vice Chairman of the Board and the lead independent director, presides at these sessions. In the absence of the lead independent director, the non-managementdirectors determine which director will preside at such sessions. Board Self-Evaluation Process The N&G Committee oversees an annual self-evaluation of the Board. Prior to the beginning of the Board’s self-evaluation each year, the N&G Committee considers possible enhancements to the process, including changes to the evaluation format and the written questionnaire. The written questionnaire, which is provided to each director, covers a range of topics related to Board effectiveness and performance, including questions on Board composition, culture, committee performance, risk management, oversight of corporate strategy, management accountability, and agenda and meeting effectiveness. After completion of the written questionnaire, the full Board, led by the Chair of the N&G Committee, reviews the results and holds a self-evaluation discussion. Any points of attention or changes to Board practices are identified, and the Chair of the N&G Committee has the opportunity to meet with the Chief Legal Officer or others as necessary to discuss any such follow-upitems. Later in the year, the lead independent director also leads a discussion on Board effectiveness and solicits further feedback during an executive session of the non-managementdirectors. In addition to this formal Board self-evaluation process, directors are encouraged to provide feedback at any point during the year. Board committees also perform their own self-evaluation process as required in their respective charters. Board Continuing Education and Orientation The N&G Committee oversees director continuing education and orientation efforts, which are administered by management. Areas of focus for director continuing education and development are identified by the Board and committees through discussion with management as well as in the annual