Constellation Software (CSU) AGM 2025 summary

Opening remarks and agenda

• The meeting was conducted virtually, with shareholders able to submit questions in advance or live during the session.

• Voting was conducted electronically, and a quorum was confirmed with at least 15% of votes represented.

• The agenda included director elections, auditor appointment, executive compensation advisory vote, and a Q&A session.

Board and executive committee updates

• Nine directors were nominated and elected, with a majority voting policy in place since 2009.

• Seven directors transitioned to a new advisory board to broaden input and flexibility, while maintaining board effectiveness.

• Succession planning is ongoing, with regular reviews and a deep bench of experienced leaders.

Corporate governance

• Internal audit and standardized accounting policies are enforced across all operating units, with compliance committees and oversight for high-risk jurisdictions.

• Contracts in higher-risk countries are reviewed by both legal and accounting teams at group and head office levels.

• Conflict of interest policies and investment restrictions are in place for executives, with exceptions requiring board approval.