CWB-Management Proxy Circular-2023-EN

DIRECTOR SKILLS AND EXPERIENCE A board of directors is most effective when it can draw from a variety of diverse skills, backgrounds, and experiences. The following tables outline the diversity of experience and expertise of the director nominees, as provided by each director nominee. As discussed under the heading “Nomination of Directors, Board Composition and Board Renewal” below, the GCR Committee uses this table to analyze the skills and experience of the Board as a whole when considering new director candidates.

OTHER BOARD EXPERIENCE OTHER BOARD EXPERIENCE: Served as a board member of a public, private or non-profit entity.

CORE & STRATEGIC AREAS EXECUTIVE LEADERSHIP: Experience as a senior executive of a publicly listed company or other large organization. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ PUBLIC COMPANY: Experience includes five or more years of executive leadership experience at a publicly listed company. ✓ ✓ ✓ ✓ ✓ ✓ ✓ STRATEGIC PLANNING: Experience overseeing, developing, and implementing the strategic direction of a large and complex organization. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

INFORMATION TECHNOLOGY AND CYBER SECURITY: Understanding and experience with the needs of a large and complex organization in the areas of data management, information technology, and information security, including cyber security. RISK MANAGEMENT: Understanding and experience in identifying, assessing, and managing financial and non-financial risks.

BUSINESS TRANSFORMATION: Understanding and experience in implementing significant organizational changes, including knowledge of strategic and value-informed focus, sustainable and scalable change, project and change management, efficiency and process improvement, creating a learning and innovation culture, and execution discipline. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

FINTECH: Understanding and experience in Fintech, such as experience as a senior executive or director of a Fintech company, or as a senior executive or director elsewhere with role responsibility for developing Fintech innovation or significant partnerships with Fintech companies.

RETAIL: Understanding and experience in the retail industry, with a large organization with a primary focus on offering products and/or services to consumers. Understanding and experience in the development, oversight, and delivery of relationship-intensive, high-trust client experiences; marketing and public relations; and/or customer service. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ FINANCE & FINANCIAL SERVICES ACCOUNTING AND FINANCE: Understanding and experience in financial accounting, reporting, and corporate finance. Familiarity with internal financial controls and International Financial Reporting Standards. Ability to critically assess financial performance, financial risk and contribute to strategic financial planning. Ability to link financial information to organizational priorities and goals. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ DESIGNATION: Chartered Professional Accountant designation. ✓ ✓ FINANCIAL SERVICES INDUSTRY: Oversight, advisory or operational experience (other than serving as a director of CWB) in the financial services industry or financial regulation. ✓ ✓ ✓ ✓ ✓ ✓ ✓ OTHER KNOWLEDGE & EXPERIENCE INVESTMENT BANKING/MERGERS AND ACQUISITIONS: Understanding and experience with investment banking or mergers and acquisitions. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

LEGAL: Experience as a lawyer, either in private practice or in-house with a publicly listed company or other large organization, including experience advising organizations operating in a highly complex regulatory environment. ESG/SUSTAINABILITY MATTERS: Understanding and experience in sustainability matters, environmental issues and climate risk, social issues and/or corporate governance principles and practices.

HUMAN RESOURCES: Understanding and experience in the principles and practices relating to human resources, including compensation plan design, administration, and decision-making; leadership development and talent management; succession planning; employee experience; and inclusion and diversity considerations. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ GOVERNMENT RELATIONS/PUBLIC POLICY: Experience in the workings of government, public policy, the development and delivery of regulatory regimes, and government oversight and management of major regulators. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

SHAREHOLDER ENGAGEMENT: Understanding and experience with shareholder engagement in a public company context, including knowledge of capital markets, investor relations, disclosure rules, and building valuable and effective dialogue with shareholders.

Canadian Western Bank- Management Proxy Circular | 14

Powered by