Company: CWAN
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001628280-25-020660
Chunk: 25

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 25
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 and Mr. Young, with Mr. Lee serving as chair. Our Board has determined that each member of our Nominating and Corporate Governance Committee meets the requirements for independence under current rules and regulations of the SEC and NYSE.

#### Board

#### Leadership

#### Structure
The following section describes our Board leadership structure, the reasons our Board considers that this structure is appropriate at this time, the roles of various positions, and related key governance practices. Our Board believes that the mix of experienced independent directors, both affiliated and unaffiliated with our Principal Equity Owners that currently make up our Board, the composition of our Board committees and the separation of the roles of Chair and Chief Executive Officer benefit the Company and its stockholders and are appropriate based on the size and nature of our business.

Independence

Our Board has affirmatively declared that all of the directors except for Sandeep Sahai, the Company's Chief Executive Officer, are independent under the current rules and regulations of the NYSE. Audit Committee members must also satisfy the independence criteria set forth in Rule 10A-3 under the Exchange Act, which requires that the Audit Committee consist exclusively of independent directors for purposes of Rule 10A-3. Our Board has determined that each of Mr. Aigrain, Ms. Corbet and Ms. Jones, each of whom currently serves on the Audit Committee, as well as Mr. Aghi, who is nominated for election at the Annual Meeting and following such election will replace Ms. Corbet on the Audit Committee, is an independent director for purposes of Rule 10A-3. As a result, a majority of the members on our Board are independent and we have a fully independent Audit Committee, a fully independent Compensation Committee and a fully independent Nominating and Corporate Governance Committee.

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Chair and Chief Executive Officer

With respect to the roles of Chair and Chief Executive Officer, our Corporate Governance Guidelines provide for the separation of the roles. The Board believes that separating the roles of Chair and Chief Executive Officer is the most effective leadership structure because it allows for Mr. Sahai to focus on, among other things, executing our strategic plans and overseeing day-to-day operations. Meanwhile, in his capacity as chair, Mr. Lee can focus on leading the Board, ensuring that it provides strong oversight of management and that all directors have access to the resources required to discharge their duties appropriately.

Self-Evaluation

Using survey materials and Board and committee discussions, our Nominating and Corporate Governance Committee annually coordinates performance