NATIXIS // 2021 Universal Registration Document

2 CORPORATE GOVERNANCE

Management and oversight of corporate governance

The directors believe that Board Meetings are conducted in a courteous and constructive environment, with open debates where participants are free to speak their minds. They note that, legitimately, the Board devotes a significant portion of its time to financial and regulatory matters and suggest that specific items be provided for on business lines and a regular update on the monitoring of external growth transactions. The directors note a good affectio societatis between the members of the Board, which should be fostered by the organization of moments of informal discussions, as soon as health conditions allow. As for the training of directors, the training program is considered to be of excellent quality. Lastly, as regards the Committees, the directors consider that the work carried out is of good quality makes an effective contribution to the workings of the Board. 2.2.1.5 Natixis renewed the training program for Board members in 2021. The training program implemented complements the existing one for the members of the BPCE Supervisory Board. The program covers three areas: “fundamentals” training for new Board members and others V interested in participating. It comprises modules to give Board members a useful understandingof the issues discussed at Board Meetings; “expertise” training on technical or complex issues so that Board V members can properly understand, monitor and validate technical or complex matters discussed at Board Meetings. The modules are spread over the course of the year and cover areas such as accounting and financial matters, risk management, director liability (civil, criminal and regulatory), Capital Markets activities, compliance principles, cybersecurity, and so forth; “ad hoc” training, provided as and when needed, to give Board V members the necessary knowledge and skills to perform their duties. The aim is to examine in depth issues related to the Director training

business lines or other topical issues and provide memos to the directors on their secure website that address economic, accounting, regulatory, compliance, legal and other matters. The training is provided by internal, and occasionally, external trainers. In fiscal year 2021, 15 training sessions were organised and open to members of the BPCE SupervisoryBoard and members of the Social and Economic Committee. Directors were also invited to attend sessions held by BPCE for Supervisory Board members. The trainingprovided by Natixis in 2021 covered the following topics: cybersecurity; V prudential regulations: solvency and liquidity; V focus on the Corporate & Investment Banking business; V capital management and RWA; V induction process for new directors (Natixis strategy, business V lines and values); the risk management system (including a focus on the US system); V capital and financial market activities: rules, operation, controls V (with a focus on complex market products and associated risks); the business lines, activities and operations of an asset V management company; valuation systems: fair value, observability and leveling; V the Risk Appetite Framework; V model risk management; V the ESR strategy (including regulatory focus on sustainable V finance); non-compliance risks (financial security, the AML/CFT system, V the fight against corruption); director’s liability (civil, criminal, and regulatory); V compensation mechanisms. V

The non-voting member

2.2.1.6

Participation rate in Board and Committee Meetings in 2021

Age (as of 01/03/2022)

First name/ Last name

First appointed

End date of the term of office

Nationality

Non-voting member Henri Proglio

72

BoD: 80% Comp. Com: 67% SC: 50%

French

04/04/2019

2023 AGM

His knowledge of the Group dating back to 2006, his recognized expertise in financial matters, and his experience in managing large corporationsand tackling strategic challengesmake for a useful and effective contribution to the Board of Directors. He attends Board Meetings in an advisory capacity and contributes to the work of the Compensation Committee and the Strategic Committee. The non-voting member received compensation totaling €30,000 in 2021, which is deducted from the directors’ compensation package.

As of April 4, 2019, Natixis’ Board of Directors includes a non-voting member, Henri Proglio. He was an independent director until November 17, 2018, the end of his twelve-year term as member of the Supervisory Board and then as a Board member of Natixis.

74

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021