02 Corporate governance report Supervisory Board practices – Activities in 2024 2.2.3 TRAINING FOR SUPERVISORY BOARD MEMBERS As part of its training policy for Supervisory Board members, during the year the Company once again organized a special training program on the Group's operations. The program gave all of the Supervisory Board members an opportunity to acquire or refresh their hands-on insight into how Michelin's various businesses are run. The Board members took part in a training seminar on artificial intelligence presented by the Vice President, Digital Transformation and Information Systems, primarily covering generative AI, the opportunities and challenges associated with the use of AI in the Group’s various processes and businesses, AI strategy and the stages in the transformation and deployment process. The Board members also paid a two-day visit to a major manufacturing facility in Asia. Their visit featured presentations by the main local executives responsible for operations in the plant’s host region (Regional Director, Manufacturing Director, Human Resources Director) and the plant Manager on various topics including: n the Group’s major strategic deployment initiatives in the region; n the key features of the plant’s activities, including its product portfolio; n local social and people matters, including human resources management strategies covering such matters as employee engagement, diversity and social protection; n the plant’s operational excellence practices and technical innovations; n local environmental and climate initiatives. All the Supervisory Board members are also members of at least one Committee of the Board and as such, they also received training provided by internal or external specialists in the matters addressed by the Committee(s) concerned. Training topics included the Corporate Sustainability Reporting Directive (CSRD), the Regulation on Deforestation-free Products EUDR) and the Corporate Sustainability Due Diligence Directive (CS3D) (see the reports on the Committees’ activities in sections 2.2.9 to 2.2.11 of this report). All these seminars help the Supervisory Board members to maintain and develop their expertise. And they may also receive training as part of their professional or other activities, which may be taken into account in the presentation of their expertise in sustainability matters (see the expertise matrices in section 2.1.3.3 of this report). Immediately after their election, the two new members of the Supervisory Board elected at the Annual Shareholders Meeting of May 17, 2024 followed the comprehensive induction program for new members, comprising: n interviews with the Executive Vice Presidents of the Business Lines and the Manufacturing Department, who presented their respective activities; n interviews with the Managers, who provided insight about the Group’s strategies and financial metrics; n presentations by several managers of the Group’s management system and the components of its main management indicators; n interviews with the Executive Vice President, Research and Development, who is a member of the Executive Committee, the Senior Vice President, Advanced Research, the Senior Vice President, B2C Development, and the Senior Vice President, Scientific Communication and Innovations, who presented the Group’s innovation strategy and R&D activities, including its work on non-tire-related materials, and led a guided tour of the Group’s main R&D center and tire performance test area. These topic-specific presentations, along with those made during the year at Supervisory Board meetings by members of executive management and their teams, are welcomed by Supervisory Board members as a means of deepening their understanding of activities and implementation of the Michelin in Motion strategy. 93 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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