Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 41

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 41
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 the oversight of director continuing education opportunities. The Nominating & Corporate Governance Committee reviews the Board’s organization, procedures and committees and makes recommendations concerning the size and composition of the Board and its committees. The Nominating & Corporate Governance Committee makes recommendations to the Board regarding standards for determining non-management director independence and reviews the qualifications and independence of the members of the Board and its committees. The Nominating & Corporate Governance Committee also reviews and evaluates the Company’s compliance with corporate governance requirements and leads and oversees the Board and its committees’ annual performance evaluations. Further information regarding the responsibilities performed by the Nominating & Corporate Governance Committee and the Company’s corporate governance is provided in the committee charter and the Governance Guidelines.

| BANK OF HAWAI'I  •  2025 PROXY STATEMENT | 33 |

| PROPOSAL 1: ELECTION OF DIRECTORS |

DIRECTOR C OMPENSATION Retainer Fees The following retainer fees for the Board, Nominating & Corporate Governance Committee, Audit & Risk Committee and Human Resources & Compensation Committee were approved by the Board effective April 26, 2024; they remain unchanged from 2023. • An annual retainer for service on the Board of $55,000; • An annual retainer for the Lead Independent Director in the amount of $35,000; • An annual retainer for the Nominating & Corporate Governance Committee members in the amount of $10,000 and annual retainer for the Chair of the Nominating & Corporate Governance Committee in the amount of $20,000; • An annual retainer for Audit & Risk Committee members in the amount of $17,000, an annual retainer for the Chair of the Audit & Risk Committee in the amount of $30,000; and • An annual retainer for Human Resources & Compensation Committee members in the amount of $12,000 and an annual retainer for the Chair of the Human Resources & Compensation Committee in the amount of $24,000. In addition to these standing committees, the Board has other committees for which directors received fees in 2024. Messrs. Feldman, Lucien, Mills and Nichols and Mmes. Hulst and Tokioka are members of the Digital Advisory Committee (“DAC”). Mmes. Moy, Tokioka and Vares-Lum, and Messrs. Lucien and Wo are members of the Fiduciary Investment Management Committee (“FIMC”). Messrs. Erickson, Lucien, Nichols and Vara