Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 20

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 20
---
 Risk Committee held 16 meetings in 2024, including two joint meetings with the Audit Committee. Regulation YY promulgated by the Federal Reserve Board (“FRB”), requires that publicly traded bank holding companies such as M&T must maintain a risk committee chaired by an independent director and include at least one member meeting the FRB standards of experience in identifying, assessing and managing risk exposures of large, complex financial firms commensurate with the company’s structure, risk profile complexity, activities and size (a “risk management expert”). The Board, based upon the recommendation of the N&G Committee, after reviewing all relevant facts and circumstances, determined that Messrs. Barnes, Sadler and Walters and Ms. Godridge each is a “risk management expert.” The Risk Committee is governed by a written charter approved by the Board. The Risk Committee Charter is available on M&T’s website at ir.mtb.com/corporate-governance.

| 26 |

Subcommittees of the Risk Committee: Cybersecurity and Credit Risk Oversight .In 2024, the Risk Committee established two subcommittees focused on oversight of cybersecurity and technology risks and commercial credit risks, respectively. The subcommittee focused on cybersecurity and technology assists the Risk Committee in oversight of significant technology and cybersecurity risk management strategies, policies, procedures, controls, systems and activities and in monitoring M&T’s technology and cybersecurity risk appetite and profile. The subcommittee focused on commercial credit assists the Risk Committee in oversight of significant credit administration, risk management and review strategies and in monitoring of M&T’s credit risk appetite and profile. Both subcommittees regularly report to both the Risk Committee and Board. Board and Committee Attendance

| The Board held 10 meetings in 2024. Each director attended at least 75% of the aggregate of the total number of meetings of the Board and the total number of meetings held by committees on which the director served. The average attendance of directors at Board and board committee meetings held in 2024 was approximately 96%. |     | 96% Average attendance of  
 directors at Board and     
 committee meetings in 2024 |

M&T’s Corporate Governance Standards encourage all members of the Board to attend its Annual Meeting of Shareholders, absent exigent circumstances. All directors attended the 2024 Annual Meeting of Shareholders, which was held virtually. Codes of Business Conduct and Ethics M&T makes its Code of Business Conduct and Ethics available to all employees. M&T requires all employees to certify that they have read and are familiar with the employee policies and procedures and