Company: VREOF
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001140361-25-018064
Chunk: 26

Company: Vireo Growth Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 26
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 risks associated with Vireo’s business and operations, implementing appropriate systems to manage these risks and reporting to the Board on the operation of, and any material deficiencies in, these systems. Such reports are provided by senior management to the Board at each regularly scheduled Board meeting.

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TABLE OF CONTENTS The Audit Committee is responsible for monitoring procedures relating to financial reporting risk management and reviewing the adequacy of Vireo’s internal control over financial reporting, as more fully described above under “ – Audit Committee”. The NCGC Committee has primary responsibility for Vireo’s compensation policies, plans, and practices regarding both executive compensation and the compensation structure generally and in particular, reviews Vireo’s incentive compensation arrangements to ensure these programs do not encourage inappropriate or unintended risk-taking by Vireo’s employees. The NCGC Committee is also responsible for reviewing our strategies to determine the composition of the Board and in identifying the appropriate / new candidates to be nominated for election, as well as the regular evaluation of the overall efficiency of the Board and the Co-Executive Chairmen and all Board committees and their chairs. For more information, see above under “ – NCGC Committee”. Orientation and Continuing Education All new directors are provided with an initial orientation, commensurate with their previous experience, regarding the nature and operation of Vireo’s business and its strategy and as to the role of the Board and its committees, as well as the legal obligations of a director of Vireo. Directors are periodically updated on these matters. New directors are provided with the Company’s disclosure documents required by the Canadian Securities Exchange (“ CSE”), the SEC and Canadian Securities Administrators, the Company’s corporate governance policies and guidelines and the charters of each of the standing committees of the Board. New directors are invited to attend orientation sessions in the form of informal meetings with members of the Board and senior management, complemented by management and legal presentations on the Company’s business and operations, the cannabis industry and the public company reporting obligations of the Company and its insiders. In addition, the Board may arrange for directors of the Company to attend outside educational programs pertaining to the directors’ responsibilities. Board meetings may also include presentations by Vireo’s management and employees to give the directors additional insight into Vireo’s business. We rely on the advice of our provisional advisors to update the knowledge of our Board members in respect of changes in relevant policies and regulations. Some of our directors are also directors of other publicly traded companies and benefit from exposure to boards of directors of such companies.