Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 18

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 18
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| Management is responsible for the enterprise risk assessment process and the day-to-day management of risks.                                                                                                                                        |     |                                                                                                                         |     |                                                                                                                                                                                                                                       |     |                                                                                                                                                                                  |

| World Kinect 2025 Proxy Statement | 31 |

| Corporate Governance |

Throughout the year, the Board and its committees receive reports from our management identifying and explaining key areas of risk applicable to us and an explanation of the processes, policies and procedures in place to monitor and assess those risks. The Board and its committees will also periodically conduct an in-depth review and analysis of specific strategic, operational and financial risks, after which our management will continue to provide regular updates on our progress in respect of these focus areas for a period of time thereafter. Periodically, we also perform risk management assessments, both in specific areas of our business or on an enterprise wide basis. The principal purposes of these assessments are to: • ensure that risk management efforts are focused and directly linked to our underlying business strategy; • implement a sustainable and scalable framework to identify, manage and monitor risk; • assign responsibility for each risk, put mitigation plans in place and assess the effectiveness of such mitigation plans; and • enhance our risk management capabilities for priority risks and continue the development of risk management policies and action plans. The results of these risk assessments are regularly communicated to the Board.

| BOARD’S ROLE IN OVERSEEING COMPENSATION RISKS In addition, each year management conducts, and the Compensation Committee oversees, a risk assessment of our compensation policies and practices with respect to all employees, including NEOs. The employee population is segmented into groups based on commonalities across their reward programs. Each program is then evaluated using the key design features of the program and the applicable risk mitigation features that exist in such programs. Once the assessment is completed, management reviews the assessment data, methodology and findings with the Compensation Committee. A key goal of this process is to ensure that there are controls in place to (i) safeguard us from unwarranted exposure to particular risks that individual employees might choose to take and (ii) avoid any inadvertent incentives for employees to take inappropriate business risks by making decisions that may be in their best interests but not in the best interests of our shareholders. |

| 32 | World Kinect 2025 Proxy Statement |

| Corporate Governance |

| BOARD’S ROLE IN OVERSEEING SUSTAINABILITY RISKS AND OPPORTUNITIESThe Sustainability & Corporate Responsibility Committee is