NATIXIS // 2021 Universal Registration Document

2 CORPORATE GOVERNANCE

Management and oversight of corporate governance

Natixis applies the concept of “reference banker”, i.e. “a banker essential to all requirements of the Company”, to assess the importance of business relationships, identify any situation of dependency on Natixis, and gauge whether these relationships are likely to affect the independence of the director’s judgment. To this end, the Board of Directors analyzes a range of indexes, criteria and parameters including the duration, extent and nature of the banking, trade and consulting relationships, the volume of commitments and the weight of Natixis compared to total indebtedness, and the Company’s liquidity requirements. After examination, it emerges that Natixis is not the “benchmark banker” for companies in which the independent directors perform their duties as executive corporate officers or their professional activity. Natixis has few or no business relations with any of these companies. Cannot be or have been during the last five years: an employee or executive corporate officer of Natixis; V an employee, executive corporate officer or director of a company V consolidated by Natixis; an employee, executive corporate officer or director of BPCE V or of a company consolidated by BPCE. OK Is not an executive corporate officer of a company in which Natixis directly or indirectly holds a directorship, or in which an employee of Natixis or an executive corporate officer of Natixis (currently or within the last five years) holds a directorship. OK Is not a customer, supplier, or corporate or investment banker or advisor (or linked directly or indirectly to these persons) to the Company or the group and does not derive a significant portion of business from the Company or its group. OK Criteria to be assessed (a)

Furthermore, to date, the independent directors are not in a position of conflict of interest with respect to the non-executive corporate offices they hold in other companies, in accordancewith the Code of Ethics applicable to all Board of Directors’ members under which they undertake to inform the Company of any conflict of interest in which they will be involved and to comply with the process related to the handling of the said conflict of interest. After review of the independence criteria, Natixis’ Board of Directors determined that Anne Lalou, Catherine Pariset, Diane de Saint Victor and Nicolas de Tavernost meet the necessary independencecriteria. Noting that the term of office of Bernard Oppetit reached the recommendedlimit of 12 yearswithin Natixis, the Board of Directors, on the favorable opinion of the Appointments Committee, co-opted Laurent Seyer as an independent director on December 13, 2021 to replace Bernard Oppetit, who resigned.

Diane de Saint Victor

Anne Lalou

Bernard Oppetit

Catherine Pariset

Nicolas de Tavernost

OK

OK

OK

OK

OK

OK

OK

OK

OK

OK

OK

OK

Has no close family ties with a corporate officer.

OK

OK

OK

OK

OK

Has not been an auditor of the Company in the previous five years.

OK

OK

OK

OK

OK

Has not been a Board member of the Company for more than 12 years (independent director status is lost once a Board member has served for 12 years). Is not a Board member representing a major shareholder of Natixis or BPCE. Does not receive variable compensation in cash or in shares, or any performance-linked compensation from Natixis or the Group.

OK

OK

OK (b)

OK

OK

OK

OK

OK

OK

OK

OK

OK

OK

OK

OK

(a) (b)

See section 2.2.1.2. B of this chapter.

Until November 12, 2021.

Balance in terms of seniority The average length of service of the members of the Board of Directors was four years as of February 10, 2022. None of the independent directors has been a member of the Board for more than twelve years. International outreach Nine directors have international experience, either because they have held a position outside France or exercised an activity in an international group as part of their professional career, or because they hold or have held one or more mandates in foreign companies (see skills map above) .

Gender balance As of February 10, 2022, the Board of Directors consists of six women and nine men. Natixis went from being a Board of Directors composed of 33% women five years ago (five women and ten men) to a Board composed of 40% women. Four of the six Board Committees are also chaired by a woman.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021