Danone // 2020 Universal Registration Document

6 corporate governance 6.1 Governance bodies DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 215 Length of the terms of office as of December 31, 2020 Independence of Directors Criteria applied by Danone Danone strictly applies all AFEP-MEDEF Code recommendations. When reviewing business relationships between a Director and Danone to determine whether significant business relations exist that could affect a Director’s independence, the Board uses quanti- tative and qualitative criteria, notably the amount of sales generated between Danone and the company or Group to which the Director is associated, both in absolute and relative value, and the analysis of the nature of existing relationships. Directors representing employees are not subject to an assessment, in accordance with the recommendations of the AFEP-MEDEF Code. Review carried out by the Board of Directors Acting on the recommendation of the Governance Committee, the Board of Directors reviewed, as it does each year, the independence of each Director based on the following criteria. Independents Non-independents Directors not subject to an assessment Number 9 5 2 Independence rate 64% 36% N/A Directors Guido BARILLA Emmanuel FABER Frédéric BOUTEBBA Clara GAYMARD Franck RIBOUD Bettina THEISSIG Michel LANDEL Cécile CABANIS Gaëlle OLIVIER Benoît POTIER Gilles SCHNEPP Isabelle SEILLIER Jean-Michel SEVERINO Virginia A. STALLINGS Serpil TIMURAY Lionel ZINSOU-DERLIN Comments The Board confirmed that each of these Directors satisfied all of the independence criteria of the AFEP-MEDEF Code, notably with respect to the absence of a significant business relationship with Danone, and thereby confir- med their status as Independent Directors. The Board decided to consider them non- independent , as explained below. <4 years 4-12 years >12 years Average length of the terms of office: 8.8 years