Brookfield Asset Management (BAM) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced at 9:00 A.M. with a welcome to in-person and online participants, outlining voting procedures and agenda items.

• Chair Frank McKenna opened the meeting and outlined the agenda, including receiving financial statements, increasing the number of directors, electing directors, appointing an external auditor, an advisory resolution on executive compensation, and a shareholder proposal.

• Four main items of business: receipt of financial statements, election of directors, appointment of 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 for the coming year.

• 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.

Corporate governance

• Advisory resolution on executive compensation was presented, emphasizing shareholder engagement and governance objectives.

• The board’s Governance, Nominating and Compensation Committee will consider the advisory vote results in future decisions.

• Advisory resolution on the approach to executive compensation presented for shareholder input.

• Appointment of external auditor included in the agenda.

• Proposal to increase the number of directors.