QUADIENT - 2020 Universal Registration Document

CORPORATE GOVERNANCE REPORT Committees

In this context, the tasks of the Committee are: to review the scope of consolidation and examine all ● draft consolidated and individual financial statements and related reports which will be submitted to the Board for approval; to select a consolidation frame of reference, to ensure ● the appropriateness and permanence of the accounting policies used to draw up the consolidated and individual financial statements and to ensure the appropriateness of the treatment of significant operations at Group level; to ensure with respect to the Executive Management ● that all legal and financial communications are correctly performed with respect to stock market authorities; to assess the level of satisfaction of statutory auditors ● with the quality of information received from the Company’s departments when performing their task and gather comments from management regarding the

degree of sensitivity of the statutory auditors to the Group’s business and its environment; to examine the key points of the statutory auditors’ ● audit, any information brought to its knowledge with respect to operations and transactions by the Company that raises ethical issues, and transactions which, due to their nature and the person concerned, may reveal a conflict of interests; to ensure that key risks are identified, managed and ● brought to its attention. To this end, it examines the internal control and risk management systems, the internal audit program, monitors its development and the results of action plans, and draws the Board’s attention to any improvements that have been made or remain to be made; to issue an opinion on the appointment or renewal of ● the statutory auditors; and to ensure the statutory auditors’ independence and ● objectivity.

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The main topics discussed at the Audit Committee meetings in 2020 were:

Organization of work for the annual closing - Review of the annual financial statements - Review of the management report - Review of the statutory auditors’ assignments and fees - Review of acquisition price allocation - Review of deferred taxes - Examination of off-balance sheet commitments - Review of the key points of the statutory auditors’ audit - Presentation of work to measure the impact of IFRS 16 on the balance sheet and EBITDA -

Financial position

Review of the impacts of acquisitions and divestments - Review of tax aspects and changes in ongoing litigation - Review of the implementation of IFRS 15 - Review of services, excluding audit work, provided by the EY network - Review of COVID-19 impact on cash and financial situation - Review of impairment tests -

Review of internal audit procedures - Monitoring of the programs carried out by internal audit - Risk mapping -

internal audit and risk management

The Audit Committee primarily interacts with General Management, the finance department, the head of internal control and the Company’s statutory auditors. The statutory auditors attend every Audit Committee meeting.

The Audit Committee can commission specific studies as required and may involve external experts.

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UNIVERSAL REGISTRATION DOCUMENT 2020