Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 11

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 11
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 that it continues to be appropriate and in the best interests of stockholders at this time.

| 6  Notice and Proxy Statement 2025 |

| W. Benjamin Moreland |     | Mr. Moreland has been our independent Chair since May 2019. The Board views the independent Chair as a liaison between the Board and the Company’s Chief Executive Officer and other members of management and believes the powers and authority of the Chair strengthen the Board’s role in risk oversight. Mr. Moreland exercises effective leadership and sets the tone at the top. He leverages, from multiple leadership positions and service on a public company board, his breadth of experience in oversight areas, including in financial and transactional matters, as well as his strategic insight to strengthen independent oversight of management.   Our independent Chair has power and authority to do the following:   •  preside at all meetings of non-management directors when they meet in executive session without management participation;   •  set agendas, priorities and procedures for meetings of non-management directors meeting in executive session without management participation;   •  add agenda items to the established agenda for meetings of the Board and its committees;   •  request access to the Company’s management, employees and its independent advisers for purposes of discharging his duties and responsibilities as a director; and   •  retain independent outside financial, legal or other advisors at any time, at the expense of the Company, on behalf of the Board or any committee or subcommittee of the Board. |

In addition, at any time when the Chair might not be an independent director, a Presiding Director will be selected. The Board has created the office of the Presiding Director to serve as the lead non-managementdirector of the Board. If required, the Presiding Director would be an “independent” director, as that term is defined from time to time by the listing standards of the NYSE and as determined by the Board in accordance with the Governance Guidelines. If the Chair of the Board is an independent director, then the Chair of the Board assumes the responsibilities of the Presiding Director that are set forth above. SELF-EVALUATION Our Board conducts an annual self-evaluation process to determine whether the Board, its committees and the directors are functioning effectively. This includes survey materials as well as individual, private conversations between directors and the Chair of the Board, as needed, and a report to, and discussion of survey