Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 20

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 20
---
 Committee. Our Board of Directors has determined that each of these members is 13

“financially literate” as that term is defined by the NYSE corporate governance listing standards. Our Audit Committee is composed only of directors who are independent in compliance with applicable SEC and NYSE rules. Our Audit Committee, among other matters, oversees: (1) our financial reporting, auditing and internal control activities; (2) the integrity and audits of our financial statements; (3) our compliance with legal and regulatory requirements; (4) the qualifications and independence of our independent auditors; (5) the performance of our internal audit function and independent auditors; and (6) our overall risk exposure and management, including cybersecurity and data privacy. Our Audit Committee also has the following duties to:

| • |     | annually review and assess the adequacy of the Audit Committee charter and the performance of the Audit Committee; |

| • |     | be responsible for the appointment, retention and termination of our independent auditors and determine the compensation of our independent auditors; |

| • |     | review the plans and results of the audit engagement with the independent auditors; |

| • |     | evaluate the qualifications, performance and independence of our independent auditors; |

| • |     | have sole authority to approve in advance all audit and non-audit services by our independent auditors, the scope and terms thereof and the fees therefor; |

| • |     | review the adequacy of our internal accounting controls; |

| • |     | meet at least quarterly with our executive officers, internal audit staff and our independent auditors in separate executive sessions; and |

| • |     | prepare the Audit Committee report required by the SEC regulations to be included in our annual proxy statement. |

The Audit Committee has the power to investigate any matter brought to its attention within the scope of its duties and to retain counsel for this purpose where appropriate. The Board of Directors has determined that each member of the Audit Committee qualifies as an “audit committee financial expert,” as such term is defined by the applicable SEC regulations and NYSE corporate governance listing standards. The designation does not impose on them any duties, obligations or liabilities that are greater than those generally imposed on members of our Audit Committee and our Board of Directors. Our Board of Directors adopted a written charter for the Audit Committee, which is available on our corporate website at http://www.cioreit.com. Compensation Committee Our Compensation Committee consists of Mark Murski, Sabah Mirza and John Sweet