Brixmor Property Group Inc.

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technology (including artificial intelligence technologies), cybersecurity, privacy, business continuity, legal, regulatory, and reputational risks; and (ii) management’s risk assessment, mitigation, and monitoring decisions, practices, and activities, including the steps management has taken to monitor and control the Company’s major financial risk exposures. The Audit Committee considers short-term, medium-term, and long-term risks in exercising its review and oversight responsibilities and considers the immediacy of the risk in assessing mitigation strategies.

The Audit Committee generally reassesses our risk profile annually or more frequently when circumstances warrant. The Audit Committee typically receives quarterly presentations that involve the participation of members of management from the finance, information technology, internal audit, and legal functions, as well as external experts as appropriate. The Company’s General Counsel, who is the Company’s Chief Compliance Officer and reports directly to the Chief Executive Officer, as well as other members of management with oversight of the Company’s public risk disclosures, participate in these presentations.

The Board has delegated to the Compensation Committee the responsibility to review and oversee risks related to our compensation program, including evaluating appropriate incentives relating to the compensation of our executives and employees. On an annual basis the Compensation Committee engages with senior management to evaluate potential risks related to compensation policies and practices applicable to all employees and the Company’s management of such risks.

The Nominating and Corporate Governance Committee focuses on risks associated with Board and management succession planning, corporate governance, Board effectiveness, and public policy matters, including political and charitable contributions. The Nominating and Corporate Governance Committee also supports the Board in identifying and overseeing risks associated with corporate responsibility, sustainability, and human capital matters.

Our Board and Board committees regularly receive presentations from management on risks to the business, including the risks described above. In addition, each of the Board committees regularly advise the full Board of their risk oversight activities.

ARTIFICIAL INTELLIGENCE

We recognize the potential of artificial intelligence and seek to harness its benefits while remaining committed to its responsible and ethical use within our business. In support of this, we have adopted an Artificial Intelligence (AI) Policy (our “AI Policy”) that aims to provide guidance, rules and best practices for the responsible and ethical use of artificial intelligence by our employees and outlines the requirements that employees must follow when using artificial intelligence technologies, including the evaluation of security risks and the protection of confidential or proprietary data. We also evaluate the use of artificial intelligence by our vendors in relation to services that they provide to us as part of our AI Policy. In addition, our AI Development & Deployment Policy (together with the AI Policy, the “AI Policies”) outlines our approach to responsibly develop and deploy artificial intelligence technologies, sets forth oversight and reporting responsibilities and functions and establishes processes to address cybersecurity incidents resulting from the deployment of artificial intelligence technologies. Our AI Policies are intended to be flexible enough to keep pace with emerging opportunities, challenges and risks, as well as the evolving regulatory environment.

The Audit Committee reviews and oversees risks related to the use of artificial intelligence technologies as part of its overall information technology and cybersecurity oversight. As part of this oversight, the Audit Committee receives updates from management on artificial