Brookfield Asset Management (BAM) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced at 9:00 A.M. in New York, with both in-person and online participation, and voting conducted via ballot and webcast platform.

• Chair Frank McKenna opened the meeting and outlined the agenda, including receipt of financial statements, director elections, auditor appointment, executive compensation advisory vote, and a shareholder proposal.

• Four main agenda items: receipt of 2024 financial statements, election of directors, appointment of external auditor, and advisory vote on executive compensation.

• Quorum confirmed and meeting declared properly constituted.

Board and executive committee updates

• Twelve director nominees were presented and elected to serve until the next annual meeting.

• Nominees for election by Class A shareholders: Elyse Allan, Janice Fukakusa, Maureen Kempston Darkes, Frank McKenna, Hutham Olayan, Satish Rai, Diana Taylor, Justin Beber.

• Nominees for election by Class B shareholders: Howard Marks, Rafael Miranda, Lord O'Donnell, Jeffrey Blidner, Jack Cockwell, Bruce Flatt, Brian Lawson, Samuel Pollock.

• No questions or comments were received regarding director nominations.

Shareholder proposals

• Motions for director election, auditor appointment, and executive compensation approach were moved, seconded, and opened for discussion.

• Shareholder proposals included as a formal agenda item for discussion and voting.

• No questions or comments were received from shareholders on these motions.