3 _105 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 3 CORPORATE GOVERNANCE REPORT Supervisory Board practices – Activities in 2023 The Committee noted Barbara Dalibard's independent mindset, her experience and her conspicuous participation in the work of the Board and its Committees. These qualities were the decisive factors in the unanimous decision by Board members to renew her appointment as Chair of the Supervisory Board in May 2023, following the decision by the Annual Shareholders Meeting to re–elect her as Board member, a position she has held since May 2021. The Committee confirmed its previous analysis and considered that since Barbara Dalibard had served on the Board for an uninterrupted period of twelve years as of end-May 2020, she could no longer be considered as independent for this reason alone. Having reviewed the Compensation and Appointments Committee's analyses, the Supervisory Board ruled that all of its members - with the exception of the members representing employees (Delphine Roussy and Jean-Christophe Laourde), and Barbara Dalibard - are independent based on the criteria in the AFEP/MEDEF Code. These independent members represent just under 89% of total Supervisory Board members (excluding employee representatives), a significantly higher proportion than the 50% recommended in the AFEP/MEDEF Code, which states that half of the Board members of widely-held corporations without controlling shareholders should be independent. Criteria(1) Barbara Dalibard JeanPierre Duprieu Aruna Jayanthi AnneSophie de La Bigne Patrick de La Chevardière JeanChristophe Laourde Thierry Le Hénaff Monique Leroux Delphine Roussy WolfHenning Scheider Jean-Michel Severino Criterion 1: Supervisory Board member representing employees in any of the past five years ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ Criterion 2: Cross directorships ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ Criterion 3: Material business relationship ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ Criterion 4: Family ties ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ Criterion 5: Statutory Auditor ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ Criterion 6: More than 12 years served on the Board ✖ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ Criterion 7: Non-executive Supervisory Board member ✔ ✔ ✔ ✔ ✔ ✖ ✔ ✔ ✖ ✔ ✔ Criterion 8: Representative of a major shareholder ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ (1) In this table, ✔ denotes an independence criterion that is met and ✖ denotes an independence criterion that is not met.
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