Building moments that matter ESG Governance for our shareholders The Board oversees the company’s ESG initiatives and strategies through several committees. The Marsh McLennan Board receives reports from its committees Engaging in regular dialogue with our stockholders helps on ESG-related risks and opportunities, which allow the Board to factor in ESG deliver our strategy in a manner that is consistent with their considerations when reviewing business decisions and strategic plans. long-term values. We are committed to engaging each year with the Governance and/or ESG teams of our institutional stockholders. Discussions cover corporate governance matters, Audit Compensation executive compensation and CEO succession, inclusion Responsible for: Responsible for: and diversity, and our progress against our ESG goals. • Culture • Incentive compensation plan • Ethics and compliance design, including ESG metrics Feedback received is shared with senior executives, the • Inclusion and diversity Board and its committees and is considered in decisions. • Enterprise risk management • Cybersecurity and privacy • Pay equity For example, we incorporated stockholder feedback • Talent management, in evaluating how we report our progress against including succession our ESG commitments and in considering Board committee rotation. Directors & Governance ESG “At Marsh McLennan, we know Responsible for: Responsible for: • Board composition, • Environmental initiatives, maintaining strong and e昀昀ective including director diversity, including climate and governance practices requires proactively age and tenure sustainability anticipating and adapting to the evolving • Shareholder rights • Social impact (philanthropy needs of all stakeholders.” and volunteering) • Corporate governance guidelines, including the Board’s • Government relations and Connor Kuratek, role in risk oversight public affairs Deputy General Counsel and Corporate Secretary • Inclusion and diversity • Pay equity Overview Environment Social Governance Appendix 2022 ESG REPORT 48