Compagnie des Alpes // 2020 Universal Registration Document

3 REPORT ON CORPORATE GOVERNANCE

Composition of administrative and management bodies

The table below shows the changes in the composition of the Board of Directors during the past fiscal year and up to 29 January 2021.

Family name/Company name

Date of actual departure Date of end of term

During the past fiscal year Newly appointed directors (by AOSM (1) of 5 March 2020)

Clothilde LAUZERAL Arnaud TAVERNE

N/A N/A

AOSM 2024 AOSM 2024

Directors whose term of office has been renewed (by AOSM (1) of 5 March 2020) Directors whose permanent representative has been replaced Directors whose term of office has expired and has not been renewed After the end of the previous fiscal year Director who was co-opted (4)

Antoine GOSSET-GRAINVILLE

N/A

AOSM 2024 AOSM 2022 AOSM 2023 AOSM 2020 AOSM 2020

Caisse des Dépôts et Consignations (CDC) (2) Caisse d’Épargne Rhône-Alpes (3)

28/01/2021 02/02/2020 05/03/2020 05/03/2020

Giorgio FRASCA Francis SZPINER

Antoine SAINTOYANT

N/A

AOSM 2023

(1) Annual Ordinary Shareholders’ Meeting. (2) Carole Abbey replaced Virginie Fernandes as Permanent Representative of Caisse des Dépôts et Consignations on the Board of Directors of Compagnie des Alpes with effect from 28 January 2021. (3) Jérôme Ballet replaced Bénédicte Davy as Permanent Representative of Caisse d’Épargne Rhône-Alpes on the Board of Directors of Compagnie des Alpes as from 3 February 2020. (4) Antoine Saintoyant was co-opted by the Board of Directors on 19 November 2020 on the proposal of the Caisse des Dépôts et Consignations (CDC) to replace Mr Serge Bergamelli, who resigned as of that date. Subsequently, Antoine Saintoyant was appointed Vice-Chairman of the Board of Directors at the Board meeting of 28 January 2021, replacing Virginie Fernandes for the duration of her term as Director. 3.1.1.2 Composition of the Board of Directors and its committees The composition of the Board of Directors and its three Committees follows several principles set out in the Charter. in accordance with the principles of the Charter, in view of their competence and their potential contribution to the Board’s work and to the creation of long-term value, while taking into consideration social and environmental responsibility issues.

l Principle No. 2: Directors are elected by all of the shareholders and must act in all circumstances in CDA’s corporate interest, serving the long-term value creation strategy that is part of a constant desire to respect stakeholders such as employees, shareholders, customers, partners and, of course, public authorities, and make every effort to ensure that CDA’s activities are conducted legally, responsibly, transparently and ethically. The Board of Directors may consist of no more than eight members and must conform with the composition of the shareholding structure and the size and nature of CDA’s activities. Preference is given to representation of long-term shareholders (stakes held in pure registered or administered form). Caisse des Dépôts et Consignations (CDC) – the Reference Shareholder with a stake greater than or equal to one third – thus has five Directors (including the Chairman and Chief Executive Officer), namely: l Dominique Marcel, Chairman-Chief Executive Officer; l CDC, represented by Carole Abbey; l Clothilde Lauzeral; l Arnaud Taverne; l Antoine Saintoyant. Other shareholders that hold their stakes in pure registered or administered form and wish to be represented on the Board of Directors must submit their request to the Chairman and Chief Executive Officer. All requests are examined by the Appointments and Compensation Committee, which makes recommendations to the Board of Directors in the light of the six principles set out in the Charter. l Principle No. 3: The number of Board members is set at twelve (set number of members), including four independent Directors. Since the conditions set out in Article L. 22-10-7 of the French Commercial Code are met, the Board of Directors also includes one or two Directors representing the employees.

The Charter, in effect since the privatisation of the Company in 2004 and amended several times from year to year to integrate new governance provisions, is available in its entirety on the Compagnie des Alpes website at the following address: www.compagniedesalpes. com, under the heading “Governance”. It serves as the internal regulations of the Board of Directors. Given the presence of a Reference Shareholder (Caisse des Dépôts et Consignations), the Charter is intended to promote a democratic and collective representation of shareholders and take into account corporate interests, mainly through the appointment of independent Directors. In accordance with the by-laws and on the recommendation of the Appointments and Compensation Committee, the Board of Directors, at its meeting of 28 January 2021, appointed Antoine Saintoyant as Vice-Chairman to replace Virginie Fernandes for the duration of the period of her office as a Director. At the same Board meeting, the legal person Director, Caisse des Dépôts et Consignations, changed its permanent representative on the Board, appointing Carole Abbey to replace Virginie Fernandes. As part of its regular review, the Board of Directors amended the Charter in January 2020 to adapt it to market practices and the AFEP- MEDEF Code of Corporate Governance as revised in January 2020 and to the provisions resulting from law no. 2019-486 of 22 May 2019 (Pacte law). In November 2020, the Board of Directors further updated the Charter to adapt it to the new needs related to its governance. Principles of Board composition In total, the Charter contains six principles governing the composition of the Board of Directors. These principles are summarised below. As a guiding principle, the Board endeavours to ensure that its composition and that of the Committees is well balanced, in particular in terms of the range of skills present and the number of men and women and different nationalities represented. l Principle No. 1: Based on the recommendations of the Appointments and Compensation Committee, the Board of Directors submits to the Ordinary Shareholders’ Meeting a list of candidates chosen

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Compagnie des Alpes I 2020 Universal registration document