CWBFG Annual Report 2021

Corporate Governance CWB Financial Group strives to maintain the trust of our stakeholders through high standards of corporate governance. Our corporate governance practices, including our code of conduct, our director independence standards and our board and committee mandates, are available on our website at cwb.com/corporate- governance. The Board of Directors has oversight of CWB Financial Group’s ESG program and cybersecurity. The Board carries out much of its work through the following four standing committees: • Audit Committee: Quality and integrity of financial reporting, including internal and external audit and internal financial controls. • Governance and Conduct Review Committee: Governance policies and practices, oversight of legal, regulatory compliance, financial crime and misconduct risk, director succession and compensation, and Board and

Board of Directors

SARAH A. MORGAN- SILVESTER Corporate Director

ANDREW J. BIBBY Corporate Director

DR. MARIE Y. DELORME CEO, The Imagination Group of Companies

MARGARET J. MULLIGAN Corporate Director

ROBERT L. PHILLIPS (Chair) President, R.L. Phillips Investments Inc.

MARIA FILIPPELLI Corporate Director

CHRISTOPHER H. FOWLER President and CEO, Canadian Western Bank

individual director effectiveness. • Human Resources Committee:

IRFHAN A. RAWJI CEO, MobSquad

Compensation practices and programs, talent management, succession planning, employee engagement, and employment equity, inclusion, and diversity. • Risk Committee: Enterprise risk

LINDA M.O. HOHOL Corporate Director

IAN M. REID Corporate Director

management and risk appetite frameworks, and technology risk including data governance.

CWB’s Management Proxy Circular will be available on our website in February 2022. It will include information on our director nominees, reports of each board committee, and detailed descriptions of our corporate governance practices. Please review our circular to learn how shareholders can participate in our annual meeting on April 7, 2022. We are committed to open communication with stakeholders – please contact us at: ChairoftheBoard@cwbank.com or CorporateSecretary@cwbank.com

H. SANFORD RILEY President and

ROBERT A. MANNING President, Cathton Investments Ltd.

CEO, Richardson Financial Group Limited

E. GAY MITCHELL Corporate Director

CWB Financial Group 2021 Annual Report | 7

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