19 Our executive compensation programs are designed and administered in accordance with the following compensation principles, each of which is an essential component in driving strong, risk-managed performance . • Pay for performance – Compensation is linked to company, business line, and individual performance, including meeting regulatory expectations and creating long- term value consistent with the interests of shareholders . • Promote effective risk management – Compensation promotes effective risk management and discourages imprudent or excessive risk-taking . • Attract and retain talent – People are one of our competitive advantages; therefore, compensation must help attract, motivate, and retain people with the skills, talent, and experience to drive superior long-term performance . Consistent with these principles, the combination of annual and long-term incentives is designed to motivate executives to achieve short-, medium-, and long-term performance that generates sustained shareholder value . Both annual and long- term incentives are based on performance . Additionally, we have a Clawback and Forfeiture Policy that, under specified conditions, strengthens our ability to forfeit or recover compensation in the event that named executive officers’ and certain other employees’ actions, or inactions, result in specified types of negative outcomes for our company . Our named executive officers are those executive officers for whom disclosure is included in the Compensation Discussion and Analysis and related compensation disclosures contained in our Proxy Statement (PDF) . ESG governance We challenge ourselves to integrate ESG strategies into our business every day . The day- to- day execution of our sustainability initiatives lies with our Public Affairs team, which is responsible for driving positive societal impact, proactively engaging with our stakeholders, and effectively communicating our priorities . The team brings together Communications & Brand Management, Social Impact & Sustainability, Government Relations & Public Policy, and Strategy & Transformation . A number of councils and committees provide governance, oversight, and recommendations to help us do this effectively . Corporate Responsibility Committee The Corporate Responsibility Committee has primary oversight responsibility for our significant strategies, policies, and programs on social and public responsibility matters and our relationships and enterprise reputation with external stakeholders on those matters . The committee’s oversight responsibilities include our community development and reinvestment activities and performance and strategies, policies, and programs relating to environmental sustainability and climate change, human rights, supplier diversity, government relations, and the support of nonprofit organizations .