Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 21

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 21
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 Pledging Policy ●  Chief Internal Audit Officer evaluation and compensation |     | ●  Risk Management Framework and Risk Appetite Framework and Statement ●  Market risk ●  Credit risk ●  Asset risk ●  Liquidity risk ●  Capital adequacy and                                 
 planning ●  Operational risk (including human capital, technology, and cyber risks) ●  Reputational risk ●  Compliance risk ●  Legal risk ●  Strategic risk ●  Chief Risk Officer evaluation |     | ●  Trust Department policies ●  Application of conduct and ethical standards to Trust Department ●  Oversight of administration of client accounts ●  Compliance related to records of Trust Department ●  Oversight of vendors, services, and products by Trust Department |     | ●  Executive and director compensation and incentives ●  Board and Chief Executive Officer succession planning ●  Board governance structure ●  Review and recommendation of changes to Corporate Governance Guidelines ●  Risk review of incentive compensation arrangements ●  Code of Ethics as applied to directors ●  Chief Executive Officer evaluation and Board and committee self-evaluations ●  Recommendations of nominees, committee members, and Lead Independent Director |

The Risk Committee has approved our Risk Management Framework and manages our Risk Appetite Framework and Statement, which are approved by our Boards. The Risk Committee structure is designed to allow for information flow and escalation of risk-related issues. The Risk Committee monitors adherence to our Risk Management Framework and Risk Appetite Framework and Statement and provides a report on risk management to the Boards on at least a quarterly basis, and our Chief Risk Officer provides regular reports to the Risk Committee and the Boards. Management and independent risk functions make regular reports to the Risk Committee on key risk areas, such as capital, asset, liquidity, market, credit, compliance, strategic, and operational risks, including human capital, technology, and cyber risks. In addition, the Risk Committee may request reports or information from the Audit Committee, the Trust Committee, and the CNG Committee regarding matters relevant to the Risk Committee’s oversight responsibility for our Risk Management Framework. Further information regarding the function and responsibilities of these committees is contained below under the heading “COMMIT