Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 15

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 15
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) efforts are discussed regularly by our committees and reported to the Board of Directors. |     | While our Board of Directors and committees oversee strategic planning, Synopsys’ management is responsible for executing on our business strategy. To monitor Synopsys’ performance against its strategic goals, our Board of Directors receives periodic updates, actively engages in discussions with Synopsys’ senior leaders and works closely with management to respond to a dynamically changing business environment. |

#### 2025 Proxy Statement23
| Corporate Governance |

#### Risk Oversight
Our Board of Directors is responsible for the oversight of our company-wide risk management efforts but has delegated certain areas of risk oversight to each of our standing Board committees. Our Board of Directors and its committees are directly involved in and engage in regular communications with management and external advisors regarding risk management issues, including, among other things, significant matters such as our business strategy, technological trends, such as artificial intelligence, major strategic transactions and senior management development and succession planning. In addition, Synopsys has an enterprise risk management (ERM) program that provides a company-wide perspective on a broad range of our compliance, strategic, operational and financial risks. The ERM program is overseen by a committee comprised of members of Synopsys' senior management and is led by Synopsys' General Counsel. The program identifies the most significant risks facing Synopsys, which are then reported to the Board on an annual basis. The members of management identified by the ERM program as responsible for the top risks also provide our Chief Executive Officer with quarterly updates on their efforts to manage and mitigate such risks.

The Role of Our Committees in Risk Oversight

Each of our standing Board committees has individual risk oversight responsibilities:

| COMMITTEE |     | PRIMARY AREAS OF RISK OVERSIGHT                                                                                                                                                                                              |
|           |     | •Assess risks related to financial reporting and controls.                                                                                                                                                                   
 •Supervise the work performed by our independent registered public accounting firm and our internal audit function.                                                                                                          
 •Supervise our anonymous and confidential ethics reporting system, which encourages and allows any employee to submit concerns directly to senior management and the Audit Committee.                                        
 •Assess risks relating to our investments, financing activities, taxes and world-wide insurance programs.                                                                                                                    
 •Review and approval of related person transactions.                                                                                                                                                                         
 •Evaluate enterprise risk issues associated with financial reporting, accounting, auditing and tax matters.                                                                                                                  |
|           |     | •Assess risks related to our cash and equity compensation programs and practices.                                                                                                                                            
 •