Danone // 2020 Universal Registration Document

6 corporate governance 6.1 Governance bodies DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 223 Attendance rates for Board members as of December 31, 2020 Name Board of Directors Audit Committee Governance Committee Engagement Committee Emmanuel FABER 100% – – – Franck RIBOUD 100% – – – Guido BARILLA 92% – – 80% Frédéric BOUTEBBA 100% 100% – – Cécile CABANIS 100% – – – Gregg L. ENGLES 92% – – – Clara GAYMARD 92% – 100% – Michel LANDEL 92% – 100% – Gaëlle OLIVIER 100% 100% – – Benoît POTIER 100% – 100% 100% Gilles SCHNEPP N/A (a) Isabelle SEILLIER 100% – – – Jean-Michel SEVERINO 100% 100% – – Virginia A. STALLINGS 100% – – 100% Bettina THEISSIG 92% – – 100% Serpil TIMURAY 100% – – 100% Lionel ZINSOU-DERLIN 100% 100% 100% – (a) Gilles SCHNEPP was appointed by the Board of Directors at its last meeting of the year, in December 2020. Matters reviewed and discussed by the Board of Directors in 2020 and February 2021 Strategy • regular presentation by the Chairman and Chief Executive Officer of Danone’s strategic priorities and main operating choices; • annual strategic presentations of each reporting entity by the members of the Executive Committee during a special one-day event; • in-depth review of the main business lines; • review of Danone’s new, more local organization, including reorganization and expansion of the Executive Committee and monitoring of the adaptation plan launched to optimize execution; • monitoring of the strategic review of the portfolio of brands and assets; • review of the strategic risk matrix; • monitoring of implementation of Danone’s 2030 Goals; • review of the proposed adoption of Entreprise à Mission status: review of the purpose and discussion regarding the social, so- cietal and environmental objectives to be included in the by-laws; • monitoring of B Corp™ certification, particularly as part of the adoption of Entreprise à Mission status; • monitoring of Danone’s latest innovations, particularly in terms of products and packaging circularity; • monitoring of Danone’s digital transformation; • monitoring of Manifesto Brands; • informing the Social and Economic Committee on strategic orientations. Finance, activity and results • regular review of Danone’s financial situation and debt (change, amount, composition and repayment schedules, rating agencies); • monitoring and regular review of the activity and financial situa- tions of the reporting entities; • regular monitoring of the impact of the Covid-19 health crisis on Danone and of the measures taken by the Company through special meetings held on a regular basis; • review of renewals of financial authorizations to General Management; • monitoring of Danone’s stockmarket performance, share capital and shareholding structure; • proposed dividend distribution in 2020 and 2021; • review of preparation for closing of consolidated financial sta- tements, establishment of annual and interim consolidated and statutory financial statements and review of forward-looking management documents; • establishment of management report and other reports to shareholders; • review of the appointment of a new statutory auditor in 2022 to replace PricewaterhouseCoopers Audit, whose term of office has reached the authorized limit; • monitoring of Danone’s financial communications, including a review of press releases about the annual and interim consoli- dated financial statements, the decision to withdraw the financial targets announced to the market for 2020 and the announcement of new targets for 2020 and medium-term targets; • regular notifications on Danone’s risk management and internal control systems and review of Danone’s risks; • authorization to sell Danone’s stake in the Yakult group.