2021 PEICMC Annual Report

Corporate Governance Corporate governance is the cumulative set of mechanisms, processes and relationships by which the corporation is controlled and operated. It defines the distribution of rights and responsibilities among different corporation stakeholders (e.g. government shareholder, CMC board members, senior managers, auditors, regulators, etc.) and details the decision making framework related to the pursuit of corporate and policy objectives.

PEI Cannabis Management Corporation Board STANDING: Perry Gotell - Member Kate Shreenan - Recording Secretary

Susan Milligan - Member Nicole DesRoche - Member Murray Murphy - Corporation Solicitor SEATED: Danny MacDonald - CEO Quentin Bevan - Chair Kim Griffin - Member, Vice Chair

8 www.peicannabiscorp.com • 2021 Annual Report