Block, Inc.

Request that the board create a standing Technology Committee with responsibilities that may include oversight of cybersecurity, artificial intelligence, data privacy and security, and other emerging technology matters. The proponent argues the Audit and Risk Committee is overburdened with a broad remit and that some committee members have significant outside obligations, limiting focused technology oversight. The submission cites recent regulatory enforcement actions, penalties, and findings citing cybersecurity deficiencies and weak security protocols as evidence that enhanced board-level technology oversight is warranted. The proposal was submitted by the Comptroller of the State of New York on behalf of the New York State Common Retirement Fund, a long-term shareholder.