The pandemic highlighted our important role in the global financial ecosystem as well as our resilience, and we stand today as market leader across many of our businesses. The Committee shall review on an annual basis compensation and benefits for non-employee Directors and make recommendations to the Board on appropriate compensation for such Directors. Register The Committee has the direct responsibility to annually review the performance of the Chief Audit Executive and, as appropriate, replace the Chief Audit Executive. We are proud of our client relationships, and we are stronger because of them. In connection with this evaluation, at least annually, the Committee shall obtain and review a report by the registered independent public accountants describing: the firm's internal quality-control procedures; any material issues raised by the most recent internal quality-control review or peer review of the firm or by any inquiry or investigation by governmental or professional authorities within the preceding five years respecting one or more independent audits carried out by the firm, and any steps taken to deal with any such issues; the results of the most recent review of the firm by the Public Company Accounting Oversight Board (the PCAOB); and (to assess the registered independent accountants' independence) all relationships between the registered independent public accountants and the listed company (including, in the latter regard, the annual communications required under applicable requirements of the PCAOB regarding the independent accountant's communications with the audit committee concerning independence). Hanneke was also a Non-Executive Director to the Court of the Bank of England, and a co-founder and first Chair of Level 20, a not-for-profit organization set up in 2015 to inspire women to join and succeed in the private equity industry. Get the most out of the BNY Mellon | Pershing ecosystem and learn how to optimize the tools and services you use daily. Senior Executive VP & General Counsel at BNY Mellon . BNY Mellon Names Dermot McDonogh as Next Chief Financial Officer; Emily $57K-$85K Per Year (Glassdoor est.) Annually, the Committee shall recommend that the Board request shareholder ratification of the appointment of the registered independent publicaccountants. If any member of the Committee simultaneously serves on the audit committees of more than two other public companies, the Board shall determine whether such simultaneous service would impair the member's ability to serve effectively on the Committee and disclose the determination in the proxy statement. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. President and Chief Executive Officer, BNYMellon, Chief Information Officer and Head of Engineering, Global Head of Enterprise Execution and Chief Corporate Affairs Officer, Senior Executive Vice President and Chief Risk Officer, Senior Executive Vice President and General Counsel, Senior Executive Vice President and Chief Executive Officer, Securities Services and Digital, Chief Executive Officer, BNY Mellon Government Securities Services Corp. and Clearance & Collateral Management, Senior Executive Vice President and Chief Growth Officer, Chief Executive Officer, BNY Mellon Marketsand Execution Services, 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. BNY Mellon. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. He led BNY Mellon through the challenges and complexities of the COVID-19 pandemic safeguarding clients' assets, protecting employees, improving the resiliency of its operations, driving organic growth and efficiencies, and stewarding support for global markets and government programs. Leadership | BNY Mellon Successful Entrepreneur, President and Chief Executive Officer Principles membership ICMA - International Capital Market Association Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. Originally from the Netherlands, Hanneke has a BBA from Nijenrode University and an MBA from the London Business School. Jennifer L. Campbell | Loeb & Loeb LLP 1 "Executive Leaders" equates to the Executive Committee | 2 "Senior Leaders" include Managing Directors and Directors (S and M grades, inclusive of managers and independent contributors) . Kevin McCarthy is a Senior Executive Vice President and General Counsel of BNY Mellon. The Committee shall discuss with management the timing and process for implementing the rotation of the lead audit partner, the concurring partner and any other active audit engagement team partner and shall consider whether there should be a regular rotation of the audit firm itself. Except as limited by law, regulation or the rules of the NYSE, the Committee may form subcommittees for any purpose that it deems appropriate and may delegate to such committees or to other committees of the Board such power and authority as it deems appropriate. Our Board of Directors is committed to fostering and maintaining its diversity. PDF Diversity & Inclusion Joseph J. Echevarria, Independent Chair of the Board of Directors, said: "Today's announcement is the culmination of the Board and Todd's well-planned, thorough and orderly succession process to ensure continuity of leadership and BNY Mellon's continued success. The Corporate Governance, Nominating and Social Responsibility Committee (the "Committee") is appointed by the Board of Directors (the "Board") for the following purposes: In carrying out its responsibilities, each Committee member shall be entitled to rely on the integrity and expertise of those persons providing information to the Committee and on the accuracy and completeness of such information, absent actual knowledge to the contrary. How Bank of New York Mellon Makes Money - Investopedia Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellon's Executive Committee. In addition to his BNY Mellon experience, Robin brings a global perspective and an exceptional understanding of capital markets, coupled with a strong commercial orientation and a wealth of experience from his various leadership roles over 26 years at Goldman Sachs. Location. We are proud of our client relationships, and we are stronger because of them. President and Chief Executive Officer BNY Mellon About Robin JUNE 6-8, 2023 | ORLANDO, FL Ready to Go Beyond? If the 2024 Annual Meeting of Stockholders is . Annually, the Committee shall review the perquisites and travel and entertainment expenses of the Corporation's Named Executive Officers whose compensation is reported in detail in the Corporation's proxy statement for the most recently completed fiscal year, and shall review the Corporation's procedures and controls for the preparation of the Compensation Discussion and Analysis to be included in the proxy statement. Bank of New York Mellon has named Goldman Sachs veteran Dermot McDonogh as its new chief financial officer, as the custody bank's incoming CEO starts making an imprint on the company's top ranks. PDF Bny Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. BNY Mellon hires Goldman Sachs veteran as its next CFO Exclusive hotel rates are available to INSITE attendees through our official housing website. He was a member of Goldman Sachs' Firmwide Risk Committee, Firmwide Asset Liability Committee and European Management Committee. related services not included in clause (i) that are reasonably related to the performance of the audit or review of the Corporation's financial statements, in the aggregate and by each major type of service; (iii) tax compliance, tax advice and tax planning services, in the aggregate and by each major type of service; and (iv) all other products and services provided by the registered independent public accountants, in the aggregate and by each major type of service. The Committee shall oversee the process for the resolution of any such disagreement. BK - Bank of New York Mellon Corp Executive - NYSE | Morningstar INSITE is the essential event for the financial advice community. BNY Mellon plays a critical role in the global financial system, and it is our spirit of innovation, deep client relationships and culture that differentiate the company. Our peopleand their commitment to our clients successare what truly set Pershing apart. We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. The Committee shall coordinate with the Risk Committee of the Board (which may be done through the Chairs of each Committee) to ensure that each Committee has received and, when appropriate, discussed, the information necessary to fulfill their respective responsibilities and duties with respect to areas of common interest. "Dermot has exceptional experience in finance and financial operations as well as leadership across global teams and dynamic international environments. Take a look at what you can expect and mark your calendar for INSITE 2023. 2023 THE BANK OF NEW YORK MELLON CORPORATION. Download image Paulus de Wilt Pershing provides business-to-business solutions to clients representing over 7 million investor accounts globally. The Nominating Committee (the "Committee") of each fund in the BNY Mellon Family of Funds (each, the "Fund") shall be composed solely of Directors/Trustees Mr. Vince will report to Todd Gibbons, CEO of BNY Mellon, and will join BNY Mellon's Executive Committee. the integrity of the Corporation's financial reporting and systems of internal controls regarding finance and accounting; the integrity of the Corporation's financial statements; the performance of the Corporation's internal audit function (Internal Audit); the qualifications, independence and performance of the registered independent public accountants; and. Run annual strategy processes and develop strategic plans for BNY Mellon Executive Committee and Board of Directors. Most recently, she served as Assistant General Counsel of MUFG Union Bank, and as Managing Counsel, Wealth Management at BNY Mellon/The Bank of New York Mellon. Committee members and the Committee Chairman and their independence shall be reviewed annually by the Corporate Governance, Nominating and Social Responsibility Committee and the Board of Directors and serve at the pleasure of the Board. If the Committee performs the fiduciary audit committee functions for a national bank subsidiary of the Corporation (i) the Committee will have responsibility for overseeing the audit of the fiduciary activities of such subsidiary, (ii) the annual audit (by internal or external auditors) of all significant fiduciary activities of such subsidiary, or discrete audits (by internal or external auditors) of each significant fiduciary activity of such subsidiary in connection with a continuous audit system in accordance with 12 C.F.R. Morningstar Rating. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. The Committee shall oversee the evaluations of the Board and committees of the Board and, unless performed by the Human Resources and Compensation Committee, the Corporation's senior managers. The Committee shall periodically consider possible changes in committee assignments while maintaining flexibility, so that each committee includes directors with the requisite expertise and experience to fulfill its duties and responsibilities, and will recommend changes in committee assignments to the Board as it deems appropriate.