PERNOD-RICARD - URD 2020-21

____ 2. CORPORATE GOVERNANCE REPORT OF THE BOARD OF DIRECTORS ON CORPORATE GOVERNANCE

The purpose of this section is to present the report of the Board of Directors on corporate governance as required by article L. 225-37 of the French Commercial Code. It describes, in the context of the preparation of the financial statements for FY21, the conditions governing the preparation and organisation of the work performed by the Board of Directors and its Committees, the powers entrusted to the Chairman and CEO, the principles and rules used to determine compensation and other benefits granted to the corporate officers, the compensation policies applicable to the Chairman and CEO and to the corporate officers, in accordance with articles L. 22-10-8 and L. 22-10-9 of the French Commercial Code, as well as other information pursuant to articles L. 22-10-10, L. 22-10-11 and L. 225-37 et seq. of the French Commercial Code. This report was prepared on the basis of the work carried out by several different departments of the Company, in particular the Legal Department, the Internal Audit Department and the Human Resources Department. This report was approved by the Board of Directors on 31 August 2021, following the examination by the Board’s Committees of each section relating to their area of competence and was shared with the Statutory Auditors.

Report of the Board of Directors on corporate governance

2.1

Composition of the Board of Directors on 30 June 2021

Mr IAN GALLIENNE

Ms ANNE LANGE

Ms PATRICIA BARBIZET

Independent Director

Lead Independent Director

Independent Director

Mr PAUL-CHARLES RICARD

Permanent representative of Société Paul Ricard, Director

Mr CÉSAR GIRON

Director

Ms KORY SORENSON

Ms MARIA JESUS CARRASCO LOPEZ Director representing the employees

Independent Director

Mr STÉPHANE EMERY

Director representing the employees

Representative of the Social and Economic Committee (non-Director) Mr HERVÉ JOUANNO

Mr WOLFGANG COLBERG

Director

Mr PAUL-CHARLES RICARD Director Ms VERONICA VA GAS

Mr PHILIPPE PETITCOLIN

Mr ALEXANDRE RICARD

Ms VIRGINIE FAUVEL

Chairman and Chief Executive Officer

Independent Director

Independent Director

Strategic Committee Chairman Audit Committee

Compensation Committee CSR Committee Nominations and Governance Committee

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PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021