Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 22

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 22
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 meaning of the rules and regulations promulgated by the SEC and under applicable provisions of the Nasdaq listing standards.   To promote independence of the audit, the Audit Committee consults separately and jointly with the Company’s independent registered public accounting firm, the internal auditors, and management. |

| (1) | Mohsen M. Sohi will be Chairperson of the Audit Committee effective May 1, 2025. |

|                                  | Finance Committee   Number of Meetings in 2024: 4 |
| Gregory D. Brenneman Chairperson |                                                   |

The responsibilities of the Finance Committee include:

| • | reviewing the Company’s financial and investment policies; |

| • | reviewing the Company’s capital structure and financing requirements; |

| • | reviewing the principal terms and conditions of significant proposed borrowings and issuances of debt or equity securities; |

| • | reviewing the Company’s annual capital plan and plans for capital expenditures and significant capital investments; |

| • | reviewing the Company’s principal treasury, banking and finance matters; |

| • | overseeing the Investor Relations program; |

| • | reviewing the Company’s dividend policy and share repurchase program; and |

| • | reviewing the adequacy of the Company’s insurance and self-insurance programs. |

| The Finance Committee shall have at least three directors. The Board has determined that each member of the Finance Committee is independent. |

| 21 |

Corporate Governance

|                                  | Governance & Corporate Responsibility Committee  Number of Meetings in 2024: 5 |
| Lynn L. Elsenhans Chairperson(1) |                                                                                |

The responsibilities of the Governance & Corporate Responsibility Committee include:

| • | identifying qualified individuals to become Board members; |

| • | determining the composition of the Board and its committees; |

| • | monitoring a process to assess Board effectiveness; |

| • | reviewing and implementing the Company’s Governance Principles; |

| • | overseeing Health, Safety, & Environment compliance; |

| • | overseeing and monitoring risks related to the Company’s governance structure and processes, geopolitical risks and risks arising from related party transactions; and |

| • | monitoring and discussing the Company’s positions on sustainability, corporate social responsibilities, and public issues of significance which affect investors and other key stakeholders, and reviewing the annual Corporate Sustainability Report. |

| The Governance & Corporate Responsibility Committee shall have at least three directors. The Board has determined that each member of the Governance & Corporate Responsibility Committee is independent. |

| (1) | Michael R.