NATIXIS // 2021 Universal Registration Document

2 CORPORATE GOVERNANCE

Management and oversight of corporate governance

consolidated budgets, as well as any related documents provided V to the Board of Directors or, if applicable, the Audit Committee of the principal subsidiaries. The Audit Committee may submit to the Board of Directors any proposals to conduct an audit, especially concerning the financial statements of the Company and its subsidiaries. The Committeemay also, if it deems it appropriate, call on the skills of outside experts or consultants for the purpose of explaining any topic that falls under its remit. The Audit Committee meets at least once a quarter. Minutes of the Audit Committee Meetings are prepared by the secretary of the Board of Directors. These minutes are shared with the Audit Committee members and approved at the following session. The Board of Directors is made aware of the Audit Committee’swork so that it can make fully informed decisions. C – Work of the Audit Committee in 2021 The Natixis Audit Committee met six times in fiscal year 2021. The attendance rate was 87% for the year as a whole. Each director’s individual attendance rate at Audit Committee Meetings is provided in section 2.1.4 of this chapter (see the directors’ individual fact sheets) . In 2021, the Audit Committee’s duties focused on the followinigtems in particular:

Within a reasonable amount of time before a CommitteeMeeting, a file containing the items on the agenda is sent to each director via a secure digital platform for review and analysis in preparation for the meeting. For each matter submitted for review and analysis, the Audit Committee had the opportunity to hear from relevant Natixis personnel as well as to familiarize itself with reports on these matters. The Audit Committeemonitored the statutory audit of Natixis’ yearly, half-yearly and quarterly, parent company and consolidated financial statements, as well as its draft budgets, before they were presented to Natixis’ Board of Directors. Depending on the agenda, various Audit Committee Meetings were also attended by Natixis’ Chief Financial Officer, the Chief Risk Officer, the General Secretary as well as the Head of Accountingand Ratios and the Natixis and BPCE Heads of General Inspection. The Statutory Auditors are also present. For the purposes of performing the audit, the Audit Committeeheard the presentations of the Finance Department and the comments of the Statutory Auditors at the closing of the annual financial statements and at the review of the half-year and quarterly financial statements.

Financial condition

Review of the quarterly, half-yearly and annual parent company and consolidated financial statements V Budget review 2022 V Update on the financial framework/trajectory of the strategic plan and the associated stress tests V Statutory Auditors’ observations V Review of the results of the sharing arrangements for the US affiliates of Natixis Investment Managers and DNCA V Update of the documentary corpus (memorandum of principle and policy) on observability and fair value levels V Update on the procedure relating to the valuation of ordinary agreements concluded under normal conditions V Statutory Auditors’ audit plan for 2021, budget allocated for audits, and follow-up on completed/ongoing audits V Follow-up on Statutory Auditors’ fees for 2021 (certification and other assignments) V Information on prior authorizations given by the leader of the Audit Committee for the completion of the Statutory V Auditors’ services Follow-up on the preparation of the 2021 Statutory Auditors’ reports on the annual and consolidated financial V statements

Other items

The Risk Committee has been chaired by Laurent Seyer since December 13, 2021. B – Role and powers Natixis’ Risk Committeehas Internal Rules specifying its powers and its operating procedures, the latest version of which was approved by the Board of Directors on November 7, 2017. Under the authority of the Natixis Board of Directors, the Risk Committee’s primary duties are, in particular: advising the Board of Directors on the bank’s overall strategy and V risk appetite, both current and future; assisting the Board of Directors when it checks the V implementation of that strategy by the executive officers and by the Head of Risk Management; issuing an opinion on the procedures established by Natixis that V are used to ensure compliance with regulations as well as risk monitoring and control; to that end, it receives the reports on risks, specifically operational, market or counterparty risks, prepared at the behest of the Company’s Chief Executive Officer; monitoring the effectiveness of the internal control and risk V management systems;

The Risk Committee 2.2.2.2 A – Organization

The Risk Committee is composed of five members. As of February 10, 2022, the Risk Committee was composed as follows:

Laurent Seyer (since December 13, 2021 – position previously held by Bernard Oppetit) BPCE, represented by Catherine Halberstadt Laurent Roubin (since September 22, 2021 – position previously held by Nicole Etchegoïnberry)

Chairman

Member Member

Catherine Pariset Christophe Pinault

Member Member

Two of the five members are independent (Catherine Pariset and Laurent Seyer). Note that the opinions and recommendationsof the Risk Committee are adopted if the majority of members present, including the Chairman, vote for them. The Chairman and the members of the Risk Committee have an enhanced understanding of Natixis’ risk management and internal control as a result of their extensive expertise gained over the course of their professional careers.

76

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021