MRM // 2022 Universal Registration Document

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Corporate governance

Report on corporate governance

François de Varenne has not received any remuneration or benefit from the Company or its subsidiaries as Chairman of the Board of directors. He is remunerated by SCOR SE, the Company’s parent company as defined by Article L.233-16 of the French commercial code, as a member of its Executive

Committee. To this end, no remuneration is due or awarded to him as Chairman of the Board of directors of M.R.M.

The table below presents a summary of the remuneration and options and shares granted by the Company to the Chief Executive Officer over the last two financial years:

2022

2021

François Matray, Chief Executive Officer Remuneration awarded in respect of the financial year

€294,204

€250,382

Value of multi-year variable remuneration awarded during the year

- -

- -

Value of options awarded during the year

Value of free shares granted

€52,500

€41,468

Value of other long-term remuneration plans

-

-

TOTAL

€346,704

€291,850

The table below provides a summary of executive corporate officers’ employment contracts, specific pensions, severance pay and non-compete clauses agreed with the Company:

Compensation or benefits due or likely to be due in respect of a cessation or change of function

Compensation due under a non-compete clause

Employment contract

Supplementary pension plan

Executive corporate officers

Yes No Yes No

Yes

No Yes

No

François de Varenne Chairman of the Board of directors Start of term of office: 29 May 2013 End of term of office: General Meeting to be held in 2025 to approve the financial statements for the previous financial year Start of term of office: 1 October 2020 End of term of office: General Meeting to be held in 2024 to approve the financial statements for the previous financial year François Matray Chief Executive Officer

X

X

X

X

X

X

X (1)

X

(1) In the event of removal from office as Chief Executive Officer before the end of his term of office, the Chief Executive Officer is entitled to a severance payment, subject to compliance with performance conditions of a financial nature and, as appropriate, of a non-financial nature, the characteristics of which are described in Section 2.1.1 above. Insofar as neither the Company, nor its subsidiaries, operate any pension or supplementary pension schemes, these companies have not set aside, or recognised, any sums for the payment of pensions or other benefits.

M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT

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