_108 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 3 CORPORATE GOVERNANCE REPORT Supervisory Board practices – Activities in 2023 3.2.9 Audit Committee(1) 3.2.9.1 Members(2) The Audit Committee has at least three members appointed for their full term as Supervisory Board members. At least two-thirds of the members must be independent. The members of the Audit Committee, 50% of whom are women, are as follows: ● Patrick de La Chevardière, independent member and Committee Chairman; ● Aruna Jayanthi, independent member; ● Monique Leroux, independent member; ● Wolf-Henning Scheider, independent member. The qualifications and experience of the Audit Committee members at December 31, 2023 have given them extensive expertise in financial and accounting matters: ● Patrick de La Chevardière: ● International Management: former Asia Director in Total's refining and distribution division; ● Finance: CFO of Total for 10 years and extensive management experience as a finance professional; ● Manufacturing: varied experience in Exploration, Production and Refining at Total, member of the Board of Directors of SLB (ex. Schlumberger). ● Aruna Jayanthi: ● International Management: numerous international business management positions in the Capgemini group, in India, the Americas and Canada; ● IT, Digital and Cyber Security: 38 years' experience in IT services companies including Tata Consulting and Aptech, management of the Capgemini software factory in India (50,000 employees). ● Monique Leroux: ● Finance: former CEO and Chair of the Board of the Desjardins group (Banking and Insurance), former CFO of the Desjardins group, former member of the Board of S&P Global, Fellow of the Order of Chartered Professional Accountants (CPA) of Canada and former audit partner of EY, holder of Chartered Accountant (CA) and Certified Management Accountant (CMA) degrees. ● Wolf-Henning Scheider: ● International Management: former CEO of ZF Friedrichshafen and Mahle, former senior executive at Bosch; ● Manufacturing: former CEO of ZF group and Mahle, former senior executive at Bosch. 3.2.9.2 Role and responsibilities The role and responsibilities of the Audit Committee are described in its internal rules, available on the Group's website www.michelin.com. The Audit Committee assists the Supervisory Board in fulfilling its oversight role. It operates as a specialized committee tasked with addressing issues related to the preparation and control of accounting and financial information in accordance with Article L. 823-19 of the French Commercial Code. In 2023, the Chairman of the Audit Committee obtained assurance that the Committee's work in 2022 and 2023 enabled it to fulfill its remit as specified in French law and the AFEP/MEDEF Code. In view of the distance they may have to travel to attend meetings and the other business commitments not only of the Supervisory Board and Audit Committee members but also of the members of Executive Management, the Audit Committee conducts its formal review of the annual and interim financial statements at least a day before they are presented to the Supervisory Board. (1) At December 31, 2023. (2) Biographical details and other information concerning the members of this Committee of the Supervisory Board are provided in section 3.1.3.3 of this 2023 Universal Registration Document. 100% ATTENDANCE RATE 6 MEETINGS 100% INDEPENDENCE 50% WOMEN MEMBERS 4 MEMBERS
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