Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 12

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 12
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 results with, the Nominating and Corporate Governance Committee, the Board’s other committees and the full Board. The survey materials solicit feedback on organizational matters, business strategy, financial matters, board structure and meeting administration. The directors use the survey materials, discussions with the Chair of the Board, as needed, and discussions amongst the Board’s committees and with the full Board to provide feedback, identify themes for the Board to consider, suggest specific action steps and review Board agendas. In addition, focus areas identified through the evaluation are incorporated into the Board’s and, as applicable, its committees’ agendas for the following year. The annual Board performance evaluation is also a primary determinant for Board tenure. Annually, the Nominating and Corporate Governance Committee reviews progress against focus areas identified in the self-evaluation. Each committee also conducts its own annual self-evaluation to assess the functioning of the committee and the effectiveness of the committee members, including the committee chair.

| Notice and Proxy Statement 2025  7 |

CONTINUING DIRECTOR EDUCATION Clear Channel Outdoor offers education sessions and provides materials on relevant topics to the independent members of the Board. The sessions include live presentations by external and internal subject matter experts. The sessions and materials are designed to enhance the directors’ understanding of complex or fast-developing subject areas. For example, in 2024, topics covered included opportunities and risks presented by artificial intelligence. We believe that these education opportunities facilitate broader subject matter expertise among our directors. RISK MANAGEMENT Our Board has overall responsibility for the oversight of our enterprise risk management process, which is guided by the COSO Enterprise Risk Management Frameworkthree lines of defense model, including Operational Management as the First Line of Defense, Compliance and Information Security as the Second Line of Defense and Internal and External Audit as the Third Line of Defense. The Board sets the tone at the top as it relates to enterprise risk management and encourages management to promote a corporate culture that incorporates risk management into our corporate strategy and day-to-dayoperations. Our risk management philosophy strives to:

| • |     | timely identify the material risks that we face; |

| • |     | communicate necessary information with respect to material risks to senior management and, as appropriate, to the Board or relevant Board committee; |

| • |     | implement appropriate and responsive risk management strategies consistent with our risk profile; and |

| • |     | integrate risk management into our decision-making. |

Our management conducts a formal risk assessment of the Company’s business, including probability and