PERNOD-RICARD - URD 2021-22 EN

2. Corporate governance Composition of the Board of Directors

2.5.2

Board of Directors’ diversity policy and Directors’ expertise

Criteria

Targets

Implementation and results achieved over the financial year

Composition of the Board of Directors

Representation of women: Gradual evolution:

Balanced representation of women and men within the Board of Directors

25% at the General Meeting of 6 November 2015; 42% at the General Meeting of 17 November 2016; 46.1% at the General Meeting of 21 November 2018; 42% at the General Meeting of 8 November 2019; 50% at the General Meeting of 27 November 2020; and 50% at the General Meeting of 10 November 2021. At the end of General Meeting of 10 November 2022, the Board would comprise 58.3% female Directors. 31.2% at the General Meeting of 6 November 2014; 38.5% at the General Meeting of 21 November 2018; 42.8% at the General Meeting of 8 November 2019; 35.7% at the General Meeting of 27 November 2020; and 30.7% at the General Meeting of 10 November 2021. At the end of General Meeting of 10 November 2022, 42.8% of the Directors would be of foreign nationality. Expertise : While the expertise of the members of the Board corresponds to the Group’s strategic challenges (see diagram below), Pernod Ricard is continuing its quest to continuously improve its Board. In this context, during FY21, the General Meeting appointed Namita Shah, member of the Executive Committee of a CAC 40 company, who brings to the Board her international experience in CSR, legal and managerial functions. At the General Meeting of 10 November 2022, shareholders will be asked to renew the terms of office of Ms Patricia Barbizet and Mr Ian Gallienne. Ms Patricia Barbizet brings her experience as Chief Executive Officer (at Artemis and Christie’s) to the Board, as well as her valuable expertise in the luxury and retail sectors, in corporate governance and CSR. Mr Ian Gallienne notably brings to the Board his experience as a diligent and demanding investor. Two Directors representing the employees since the General Meeting of 21 November 2018: appointment of the first Director representing the employees by the France Group Committee on 13 December 2017, whose term of office ended on 13 December 2021. A new Director representing the employees was appointed by the France Group Committee on 25 November 2021; and appointment of the second Director representing the employees by the European Works Council on 5 December 2018 (term of office ends on 5 December 2022). At the end of the General Meeting of 10 November 2022, 58.3% of Directors would be considered independent. Directors with foreign nationality: Evolution:

Guidelines to be issued in order to ensure the best possible balance by seeking complementary characteristics from both international and diversity perspectives, in terms of nationalities, expertise and experience, including international

Appointment of one or two Director(s) representing the employees (see article 16 of the articles of association (1) )

Independence of Directors

50% Independent Directors (see article 9.3, AFEP-MEDEF Code) + significant representation of Independent Directors (see article 3, Internal Regulations (2) ) No more than one-third of Directors older than 70 years (see article 18, paragraph 4 of the articles of association (1) )

Age of Directors

Target achieved, given that the average age on the Board at 30 June 2022 was 54.3 years old.

The articles of association may be consulted on the Company’s website (www.pernod-ricard.com). (1) The Internal Regulations may be consulted on the Company’s website (www.pernod-ricard.com). They may be reviewed at any time by the Board of (2) Directors.

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Pernod Ricard Universal Registration Document 2021-2022