Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 13

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 13
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on      |     | VC    |     |                                            |     | l                    |     |        |     |                 |     | l       |     |                                |     |                                                   |
| Shaw        |     |       |     | l                                          |     |                      |     | l      |     | l               |     |         |     |                                |     |                                                   |
| Stones      |     | C     |     |                                            |     |                      |     | l      |     |                 |     |         |     |                                |     | VC                                                |
| Ware        |     |       |     |                                            |     | l                    |     |        |     | l               |     |         |     | C                              |     |                                                   |
| Wilcher     |     |       |     |                                            |     | VC                   |     |        |     | C               |     |         |     |                                |     | l                                                 |

| l | Member |     | C | Chair or Acting Chair |     | VC | Vice Chair |

See "Class A Nominees," "Class B Nominees," and "Directors Appointed by the President of the United States" under "Proposal 1: Election of Directors—Information about Nominees for Directors" for more information about the current members of the Board who are standing for re-election at the Meeting.

| 6 |

| CORPORATE GOVERNANCE MATTERS |

The following table summarizes the key responsibilities of each standing Board committee, as well as the number of meetings each committee held during 2024:

| Name of Board Committee                           |     | Number of Meetings Held in 2024 |     | Key Committee Responsibilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Audit                                             |     |                              11 |     | Oversees Farmer Mac's conduct and processes that relate to  accounting and financial reporting, the integrity of consolidated financial statements, and systems of disclosure controls and procedures and internal control over financial reporting; assists the Board in oversight of legal and regulatory compliance and (in conjunction with Enterprise Risk, which has primary oversight responsibility), oversight of risk assessment and risk management policies; oversees qualifications, engagement, compensation, independence and performance of Farmer Mac's independent auditor as well as the annual audit; approves any non-audit services by this independent auditor; hires and oversees the work of the leader of Farmer Mac's internal audit function; and reviews the scope of audits as recommended by the independent auditor and internal audit function