Company: CSCIF
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001641172-25-003456
Chunk: 94

Company: COSCIENS Biopharma Inc.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 6
Chunk 94
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 is currently composed of
three Outside Directors, each of whom is independent, namely Ms. Carolyn Egbert (Chair), Mr. Peter G. Edwards and Mr. Gilles Gagnon.

The Board has adopted a formal mandate for the NGCC,
which is available on our website at www. cosciensbio. com. The mandate of the NGCC provides that it is responsible for,
among other matters, assisting the Board in developing our approach to corporate governance issues, proposing new Board nominees, overseeing
the assessment of the effectiveness of the Board and its committees, their respective chairs and individual directors, making recommendations
to the Board with respect to directors’ compensation and generally serving in a leadership role for our corporate governance practices.

Retainers

Our Outside Directors are paid an annual retainer,
the amount of which depends on the position held on the Board. Annual retainers are paid on a quarterly basis to our Outside Directors.
Each Outside Director is paid the equivalent value of the payment in his or her home currency, net of any withholdings or deductions
required by applicable law.

  Type of Compensation                         
 ───────────────────────────────────────────────
  Chair of the Board Retainer          90,000  
  Board Member Retainer                50,000  
  Audit Committee Chair Retainer       30,000  
  Audit Committee Member Retainer       7,500  
  NGCC Chair Retainer                  15,000  
  NGCC Member Retainer                  5,000  
  BOD Strategic Committee                      

All Directors are reimbursed for travel and other
out-of-pocket expenses incurred in attending Board or committee meetings. Retainers are prorated when an Outside Director joins the Board
during a financial year.

  66  

Outstanding Awards

The following table shows all awards outstanding
to each Outside Director as at December 31, 2024:

                                  Option-based                                                                                 Share-based                                                
  Issuance        Issuance        Number                                                                  Option               Number                                                     
                                  (#)                                                                                          (#)                                                        
  Foster,         04/19/2022                                                        3,540      16.16      04/19/2027                                                                      
                  01/03/2023                                                        1,416      19.27      01/03/2028                                                                      
                  07/12/2025                                                                                                   12,500                                             34,625  
  Kosciessa,      04/27/2015                                                        3,540