Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 20

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 20
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 meeting of stockholders.üOur Corporate Governance Guidelines provide that directors will annually select either anindependent Chairor a Lead Director based on the best interests of the company. Since September 2019, Joseph J. Echevarria has served as the independent Chair of the Board.üOur Corporate Governance Guidelines provide key guidance and policies for the CGNSR Committee to consider in connection with itsdirector succession and refreshment planning:üThe CGNSR Committee has discretion to recommend to the Board, and the Board the discretion to approve, a nominee for re-election who would be 75 years of age or older at the time of election if, after considering the criteria for selecting director nominees, the capacity of such nominee to continue to make meaningful contributions to the Board and the needs of the company, the Board determines that the re-nomination is in the best interests of the company.üThe CGNSR Committee must consider, among other factors, the number of other public company boards on which a director serves as part of this review, and the Board maintains an overboarding policy.üThe CGNSR Committee additionally reviews Committee chair appointments to facilitate periodic rotation in order to balance the benefits of the Committee chair’s experience and knowledge with the benefits of fresh perspectives.üPolicies related to trading in company securities by executive officers and directorsprohibit the hedging and pledgingof company securities.üOur comprehensiveEnterprise Sustainability programincorporates active reporting and oversight by the Board and its committees, including with respect to environmental management, sustainability, belonging, and governance.üThe Board regularly reviews developments and trends in corporate governance and is committed to maintaining a robust governance framework that incorporates best practices and reinforces our commitment to all stakeholders.üOur 2023 Sustainability Report represents our18thstandalone report covering sustainabilitytopics; our 2024 Sustainability Report will be available later this year.üOur Board participates ininformation sessionsduring regularly scheduled and special meetings, receiving business, regulatory and other updates from senior management, including risk executives and our General Counsel. In addition, our Board regularly receivesreports from the chair of each standing committeeto help ensure oversight and transparency regarding each committee’s activities.BNY 2025 PROXY STATEMENT 21

## ITEM 1. ELECTION OF DIRECTORSCorporate Governance and Board InformationROBUSTPROGRAMSüThe CGNSR Committee annually reviews the non-management director compensation framework, including the director stock ownership guidelines. A significant portion of director compensation is paid indeferred stock units, which must be held