The Enterprise Risk Committee of People’s United Financial, Inc.’s (the “Company”) Board of Directors is responsible for overseeing the Company’s enterprise risk management framework and all associated policies and practices. The Committee has been assigned authority to oversee management’s implementation of the Company’s risk management process, to make recommendations to the full Board of Directors concerning the Company’s risk appetite, and to assess the Company’s corporate strategy in light of its risk appetite.
The members of the Enterprise Risk Committee include John K. Dwight (Chairman), Collin P. Baron, George P. Carter, Jane Chwick, William F. Cruger, Jr., Jerry Franklin, Janet M. Hansen, Nancy McAllister and Mark W. Richards.
The Board of Directors has determined that each member of the Enterprise Risk Committee is “independent” as that term is defined by applicable NASDAQ listing standards.
The Board of Directors has also determined that William F. Cruger and Nancy McAllister both meet the standard set forth in Part 252, Subpart D of Regulation YY as having “experience in identifying, assessing and managing risk exposures of large, complex financial firms”.
The Enterprise Risk Committee’s Charter was most recently approved by the Board of Directors in May 2020.