Notice of meeting 21-22

Presentation of the Board of Directors

Board of Directors’ review The Board of Directors includes on its agenda a regular discussion on its operation at least once a year and focuses in particular on the following areas: a review of its composition, operation and structure; and a check that significant issues are adequately prepared and discussed. In accordance with the AFEP-MEDEF Code and with its Internal Regulations, the Nominations and Governance Committee and the Board have carried out an annual assessment of the operations of the Board and its Committees. In addition, every three years a formalised external review with the support of a specialised consulting firm is carried out. During FY21, a formal assessment of the operations of the Board of Directors and its Committees was carried out with the support of an external firm specialising in governance, which, on the basis of formalised interview guidelines, conducted interviews with each of the Directors.

This year, Ms Patricia Barbizet, Lead Independent Director, conducted an internal assessment of the Board’s operations on the basis of individual interviews with each Director. She presented the results of this assessment to the Nominations and Governance Committee and the Board of Directors. This assessment shows that the Board has continued its positive development and that the recommendations resulting from the formal assessment have been mainly integrated and dealt with by the Board’s management and secretariat. The Directors agreed that the Board currently deals effectively with the subjects presented to it. However, in the interest of constant improvement, the Directors noted that longer-term and more forward-looking subjects could be addressed more often in the Board or Committees.

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Pernod Ricard Notice of meeting 2022