02 Corporate governance report Supervisory Board practices – Activities in 2024 A description of the Committee's work and recommendations to the Supervisory Board is provided in: l section 7.2 of the 2023 Universal Registration Document (Supervisory Board's report on the proposed resolutions) for the re-elections proposed at the Annual Shareholders Meeting of May 17, 2024; l section 7.2 of the 2024 Universal Registration Document (Supervisory Board's report on the proposed resolutions) for the elections/re-elections proposed at the Annual Shareholders Meeting of May 16, 2025; and l section 2.2.4 of this report for the follow-up of the succession plan for Supervisory Board members. n The employee stock ownership policy. The Committee was given a presentation of the situation regarding employee stock ownership within the Group and the main characteristics of the employee stock ownership plan launched in 2024. n The variable compensation policy. As in prior years, the Committee reviewed the Group's variable compensation and performance share policies, as well as changes to these policies. The Chairman of the Committee reported to the Supervisory Board on the Committee's work on February 9, April 23 and December 11, 2024. 2.2.11 CORPORATE SOCIAL RESPONSIBILITY (CSR) COMMITTEE(1) * Excluding the employee representatives. 2.2.11.1 Members(2) The Corporate Social Responsibility Committee must comprise at least three members (including the Chair of the Committee) who fulfill the criteria for classification as independent throughout their term as members of the Supervisory Board. The members of the CSR Committee are: n Monique Leroux, independent member and Chair of the Committee; n Jean-Christophe Laourde, non-independent (non-executive) member representing employees; n Jean-Michel Severino, independent member; n Wolf-Henning Scheider, independent member. Considering their educational and professional backgrounds, all members of the Committee have relevant expertise in the areas covered by the Committee's terms of reference: n Monique Leroux: l Social Environment, Human Resources and Governance(3): Fellow of the Institute of Corporate Directors of Canada (ICD), former Chair of the Board of Investissement Québec and Desjardins Group, which promotes investment in innovative sustainable development and climate projects, Chair of the Governance and ESG Committee of BCE/Bell. l Environment, Climate and Biodiversity(3): member of numerous Canadian expert committees advising on climate projects (advisor on Canadian industrial strategy, G7 Impact Task Force, etc.), author of a report on the future of corporate governance in Canada (ICD/TMX), which includes major RSE recommendations. n Jean-Christophe Laourde: l Social Environment, Human Resources and Governance(3): Employee representative mandates at Michelin, member of the Chimie AURA trade union council; l Environment, Climate and Biodiversity(3): active participant in the Shift Project, Time for the Planet. Member of the Environment section of his trade union. n Jean-Michel Severino: l Social Environment, Human Resources and Governance(3): Director of Phitrust Impact Investors, former Senior Independent Director of Danone and former Chairman of its Governance and Compensation Committee, former member of the Governance Committee of Orange; l Environment, Climate and Biodiversity(3): at the French Development Agency (AFD), management of investments in the renewable energy, water and green and inclusive growth sectors; participation in numerous expert groups on these subjects at the World Bank; member of the Investment Committee of Energy Access Ventures (an African green energy fund); Chairman of Veolia's Critical Friends Committee (set up to consider the Veolia group's exposure to environmental and social risks). (1) At December 31, 2024. (2) Since May 2024. Between January and May 2024, the Committee members were: Monique Leroux, Anne-Sophie de La Bigne, Jean-Christophe Laourde and Jean-Michel Severino (all qualified as independent members except for Jean-Christophe Laourde). Biographical details and other information concerning the members of this Committee of the Supervisory Board are provided in section 2.1.3.3 of this 2024 Universal Registration Document. (3) See also the table showing the members’ expertise in sustainability matters, in section 2.1.3.3 of this report. 93.8% ATTENDANCE RATE 6 MEETINGS 100%* INDEPENDENCE 25% WOMEN MEMBERS 4 MEMBERS 105 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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