Groupe Renault - 2019 Universal Registration Document

RENAULT: A RESPONSIBLE COMPANY

ANNUAL GENERAL MEETING OF RENAULT ON APRIL 24, 2020

CORPORATE GOVERNANCE

GROUPE RENAULT

FINANCIAL STATEMENTS

RENAULT AND ITS SHAREHOLDERS

ADDITIONAL INFORMATION

COMPOSITION, PREPARATION AND ORGANISATION OF THE BOARD OF DIRECTORS

Committee activity The committee met three times in 2019. The committee meets three or four times a year in rather long meetings in order to examine Group strategic issues in depth. The attendance rate was 79.2% (for details of attendance rate for each individual director, see chapter 3.1.2 of the Universal registration document). In particular, the committee examined the following topics: the electric vehicle strategy and its supply chain; P the vehicle quality improvement strategy; P the hybridization strategy; P

the connected vehicles and autonomous driving strategy; P the collaboration with Waymo and the creation of companies P within the Alliance to focus on mobility; the hydrogen technology strategy for light commercial vehicles; P the industrial and sales strategy in India; P the strategy for China; P areas of future growth for Renault (markets and technologies); P the renewal of certain models in the Dacia and Renault ranges; P and the medium/long-term strategy for After-sales. P

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Evaluation of the Board of Directors 3.1.7 Each year, the Board of Directors carries out an evaluation of its operation with a view to improving the efficiency of its work and, at least once every three years, a formal evaluation with the help of external consultants. Formal evaluations took place in 2014 and 2017. The Board of Directors conducted a self-evaluation of its operation and the operation of its committees for 2019.

an appropriate financial communication policy, P a positive assessment of the number, nature and tasks of the P committees; composition of the Board of Directors and its committees adapted to P the shareholder structure, age, nationality, balanced representation of men and women and the number of Independent Directors; concerning the independence of directors: P a positive assessment of the Board of Directors’ independence P from the Senior Management, the usefulness of having a Lead Independent Director, P clear, precise rules on conflicts of interest that are complied P with appropriately; concerning the meetings of the Board of Directors and committees: P a positive assessment of attendance, punctuality and participation P in Board of Directors’ meetings, a positive assessment of diligence in meeting preparation, P communication and attendance at Board of Directors’ and committee meetings, efficient committee meetings, P a positive assessment of the work of the Committee Chairs, P Board of Directors’ meetings that are efficient in terms of P duration and time spent on matters of secondary importance, a positive assessment of the practice of informal lunches prior P to certain Board of Directors’ meetings, minutes that record the content of the Board of Directors’ P discussions and decisions in a satisfactory manner. Several points of improvement have already been noted: involvement of directors in the definition of strategic trajectories P in progress; a consideration of CSR issues that is being improved, in particular P through the creation of the Ethics and CSR Committee;

Board of Directors’ members responded to a detailed questionnaire and the responses were reviewed by the Governance and Compensation Committee at its meeting on February 10, 2020. A summary of the conclusions of the evaluation was presented to the Board of Directors at its meeting on February 13, 2020. The purpose of the questionnaire was to evaluate the following themes: the composition, role, structure and operation of the Board of P Directors and its committees; the relationships between the Board of Directors and Senior P Management; and the individual contribution of each director and collective P efficiency; follow-up on the points for improvement identified in the previous P evaluation. The evaluation was an opportunity to learn from recent events and reexamine the ways the Board of Directors and its committees operate. It highlighted several positive points: concerning the missions of the Board of Directors and committees: P clearly defined Board of Directors and committee missions, P sufficiently precise rules for prior information and consultation of P the Board of Directors (in particular with regard to investments, divestments and financial transactions),

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GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019