Nominating and Governance Committee

Key Topics

General Information
Committee Meetings
Duties and Responsibilities

Text of The Bank of New York Company, Inc. Nominating and Governance Committee Charter

I.   General
This Charter sets forth the authority and duties of the Nominating and Governance Committee (the “Committee”) of the Board of Directors (the “Board”) of The Bank of New York Company, Inc. (the “Company”).

The Committee will identify and consider individuals qualified to become members of the Board, recommend Director nominees for the next annual meeting of shareholders, and recommend to the Board the Corporate Governance Guidelines of the Company.  The Committee will also monitor the process to assess Board effectiveness.

The Committee will report its activities to the Board on a regular basis and make such recommendations as the Committee deems necessary or appropriate

The Committee will have the resources and authority appropriate to discharge its responsibilities, including authority to retain and terminate search firms used to identify director candidates and to approve such search firms' fees and other retention terms.

The Committee will have the authority to delegate to a subcommittee consisting of one or more members of the Committee such of its duties and responsibilities as it deems appropriate and advisable.

This charter will be published on the Company's Website, available in written form upon request, and referenced in the Company's Annual Report.

The Committee will review and assess the adequacy of this charter annually and recommend changes to the Board of Directors when necessary. 

II.  Membership
The Committee members will be appointed by the Board of Directors, and the Chairman of the Committee will be designated by the Board. 

Committee members will serve at the pleasure of the Board and may be removed by the Board of Directors in its discretion.

The Committee will consist of three or more members, each of whom will satisfy, as determined by the Board of Directors, the regulations of the Securities and Exchange Commission and New York Stock Exchange Listing Standards, including those with respect to independence.

The composition of the Committee and its independence will be reviewed annually by the Board of Directors.

III. Meetings
The Committee will meet as often as appropriate to fulfill its duties and responsibilities. 

Minutes of meetings will be approved by the Committee and maintained. 

The Committee may request any officer or employee of the Company, or the Company's outside advisors, or any special counsel or advisors to attend a meeting of the Committee or to meet with any members of, or consultants to, the Committee.

IV.  Duties and Responsibilities
The Committee will:

January 11, 2005