Corporate governance report Supervisory Board practices – Activities in 2024 02 2.2.7 ASSESSMENT OF THE SUPERVISORY BOARD’S PRACTICES In 2024, the Board carried out a detailed self-assessment of its practices, which was extended in early 2025 when constructive discussions took place among Board members. This exercise followed an internal self-assessment carried out in 2023 and an external assessment carried out in 2022(1). Issues arising from the self-assessment of the Board’s practices(2) were also discussed by the independent members during the Executive Session organized by the Senior Independent Member in 2024. The following matters were covered by the 2024 self-assessment: n Supervisory Board practices; n Supervisory Board membership; n assessment of individual members' contributions, including that of the Chair; n experience and expertise represented on the Board; n the Board's relations with the Managers, shareholders and other stakeholders; n practices of the Committees of the Supervisory Board. A review of this assessment was included on the agenda of the February 11, 2025 Supervisory Board meeting. During this meeting, the findings were presented to the Supervisory Board and the Managers by the Chair of the Supervisory Board. This presentation was followed by an exchange of views and a discussion among the Supervisory Board members. The Board's overall assessment of its practices was very positive, particularly the fact that the areas for improvement noted during the last self-assessment had all been implemented. The Board noted in particular: n the relevance of the Board's membership and its members' skillsets in relation to the Board's mission and the Company's businesses, with outgoing Board members expressing a very positive view of the expertise contributed by new members; n the very positive assessment of the quality of dialogue among Board members and with Group management, and of the information provided to enable the Board to carry out its duties in the best possible conditions; in this regard, it was noted that the Board is a highly engaged and collegiate body that leaves plenty of time for discussions; n the processes for preparing succession plans and assessing management performance were considered as robust, and respondents welcomed the increasing attention paid to the skills needed to deploy the Group's strategy; n the organization of roles and responsibilities between the Board and the Audit and CSR Committees for the implementation of the CSRD is considered to be clear and appropriate; n in a fast-moving, highly unstable environment, the Board is keen to further strengthen and refine its thinking on strategic and M&A issues. On the recommendation of its Chair, the Supervisory Board decided to retain the services of a leading firm of consultants in 2025 to conduct another external assessment of its practices, to be coordinated by the Senior Independent Member and the Chairman of the Compensation and Appointments Committee. The assessment will include an analysis of each member’s constructive contribution, including the contributions of the Chairs of the Board and the Committees. (1) The results of the independent assessment are presented in the 2022 Universal Registration Document, page 99. (2) Details of the issues discussed at this meeting are provided in section 2.2.5 of this document. 98 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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