Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 32

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 32
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. Mr. Mongeau is not considered independent because of his role as the CEO of the Company. During Fiscal 2025, following the conclusion of formal business of each quarterly Board meeting, the non-independent director was asked to leave the meeting, and the independent directors held an “in camera” meeting to facilitate open and candid discussion. In addition, any item which could involve a potential conflict of interest among one or more directors is voted on by those directors that are not related to the conflict in question. It is anticipated that “in camera” meetings of the independent directors will continue to be held in this manner during the current fiscal year. Board Leadership Structure and Qualifications Pursuant to the Corporate Governance Guidelines, the Board must be composed of a majority of “independent directors,” including the Chair of the Board. The Company defines an “independent director” in accordance with the standards and requirements promulgated 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; 20 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