Executive Compensation Assess The CFO presents and discusses the business performance performance results with the management resources and compensation committee See pages 58 and 65 for The independent advisor provides their perspective on the this year’s performance soundness of performance measures and standards used for the results incentive plans The management resources and compensation committee reviews the performance factors for the annual incentive plan and performance share units The board reviews the performance results and assesses circumstances that might result in a discretionary adjustment, and then approves the performance factors Management presents to the management resources and compensation committee a summary of any adjustments to incentive compensation for material risk takers resulting from reports from internal audit, compliance or risk management Finalize The CEO discusses and approves the individual performance and Compensation compensation recommendations for all executive leadership team members and heads of control functions with the management See the named executive resources and compensation committee profiles starting on page 67 for details about During sessions held without management, the management their compensation this resources and compensation committee and the board discuss year compensation for the CEO, all executive leadership team members and heads of control functions The board exercises independent judgment when making final compensation decisions 2023 Management information circular 109