Company: CGC
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001104659-25-075215
Chunk: 33

Company: Canopy Growth Corp
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 33
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ulgated by all applicable regulatory bodies exercising control over the Company, including Rule 5605(a)(2) of the Nasdaq Rules. Where it is not appropriate for the Chair of the Board to be independent, an independent director will be appointed to act as lead director (the “ Lead Director ”). Currently, Luc Mongeau serves as our CEO and David Lazzarato serves as Chair of the Board. Because Mr. Lazzarato is an independent director, we currently do not have a Lead Director. The Chair of the Board will preside over all meetings of the directors, be responsible for the agenda at all meetings of the Board and, if present, will preside over meetings of Shareholders. The Chair will convey recommendations of the independent directors to the Board and will be the liaison between the Board and the management of the Company. The Chair will preview information sent to the Board as necessary and approve meeting schedules to ensure that there is sufficient time for discussion of all agenda items. The key responsibilities of the Chair of the Board include, among other things: • providing leadership to the Board with respect to its functions as described in the Corporate Governance Guidelines and as otherwise may be appropriate; • ensuring Canopy Growth’s policies and practices related to corporate governance and Board operations are properly reflected in internal and external communications; • working with the CGCN Committee, submitting to the Board a proposed slate of directors for election at the annual general meeting of Shareholders; 22 TABLE OF CONTENTS • ensuring that appropriate procedures are in place for the effective operation of the Board; • managing the ongoing performance review and the compensation plan for the Company’s CEO; and • being available to the Company’s CEO and management to provide guidance and advice. Where it is not appropriate for the Chair of the Board to be independent, the Lead Director carries out the primary responsibilities that would otherwise be the responsibility of the independent Chair of the Board. The Board believes that requiring that there be a Lead Director in the event the Chair of the Board is not an Independent Director is appropriate at this time to provide the most effective leadership structure for Canopy Growth in the rapidly evolving and highly-regulated cannabis industry. Oversight of Risk Management The Board oversees the management of risks inherent in the operation of our business, with a focus on the most significant risks that we face. The Board performs this role primarily through its Audit Committee and CGCN Committee. Each Board committee addresses the risks specific to the function of that committee. For example, the Board committees address the following risks: • The Audit Committee