For more information on our Board’s structure, independence, oversight and annual evaluation, see our of the directors on our Board are women 31% https://www.morganstanley.com/about-us-2019ams/pdf/2019_Proxy_Statement.pdf 2018 SUSTAINABILITY REPORT 25MORGAN STANLEY COMPENSATION GOVERNANCE The CMDS Committee actively engages in its duties and follows procedures intended to ensure excellence in compensation governance and risk management.