Worldline - 2020 Universal Registration Document

G

CORPORATE GOVERNANCE AND CAPITAL Corporate Governance

Operating rules As per the Board of Directors’ Internal Rules, the Board of Directors, convened by its Chairman, shall meet at least four times a year and as often as necessary in the Company’s interest. Board of Directors’ meetings shall follow the agenda set by the Chairman and communicated to the Directors. Whenever possible, the necessary documents and elements are sent to the Directors with the agenda. The Board of Directors shall elect a Chairman from among its members, who shall be a natural person and, if the Board deems it appropriate, one or more Vice-Chairmen. It shall determine the duration of their functions, which shall not exceed those of their mandate as Director, and which may be terminated by the Board at any time. The Board of Directors shall appoint, determining his or her term of office, a secretary who may be chosen from among the Directors or from outside. In compliance with the provisions of article L. 225-37 of the French Commercial Code, meetings of the Board of Directors may be held by any means of video-conferencing or telecommunication allowing for the identification of the Directors and guaranteeing their actual participation, i.e. transmitting at least the voices of the participants and having the technical capabilities enabling continuous and simultaneous retransmission of the discussions in order to allow them to participate in the Board of Directors meetings. Directors wishing to attend a meeting of the Board of Directors by way of videoconference or telecommunication as described above shall indicate such to the Chairman by email at least 24 hours before the date of the meeting so that the Chairman may supply the said Directors with videoconferencing or telecommunication facilities, as preferred. For the purposes of calculating the quorum and the majority, the Directors participating in the meeting by way of videoconference or telecommunication shall be deemed present. Necessary measures shall be taken in order to ensure the identification of each speaker and the verification of the quorum. Otherwise, the meeting of the Board of Directors shall be adjourned. The preceding provisions relating to participation in Board meetings by way of videoconference or telecommunication shall not be applicable to the adoption of decisions covered under articles L. 232-1 and L. 233-16 of the French Commercial Code, respectively related to the preparation of the Company’s annual accounts and management report and to the preparation of the Group’s consolidated accounts and the Group’s management report. The Directors shall have the option of being represented at Board of Directors’ meetings by another Director. Each Director may only represent one of his or her colleagues during the same Board of Directors meeting. The Board of Directors may only deliberate validly if at least half of its members are present. Decisions are taken by a majority of members present or represented. If the votes are equal, the Chairman of the Board of Directors shall cast the deciding vote.

Works in 2020 16 meetings - Attendance rate: 93% 1 The Board of Directors met to discuss the following topics in particular: As far as financial statements, budget and financial commitments are concerned Review of the financial information, quarterly reports and ● forecasts; Review of and closure of the 2019 yearly financial ● statements and 2020 consolidated half-year; Review of financial presentations and press releases; ● Review and approval of parent company guarantees; ● Review and approval of the Group’s financing strategy; ● Review and approval of the 2021 budget. ● As far as Covid-19 pandemic is concerned Monitoring of developments in the various countries and ● follow-up of action plans and measures taken by the Company in particular for the security of employees (increase of work from home), ensure the activity WL’s sales force maintained a constant dialogue with its customers, strengthened merchant risk control, maintain costs control (adaptation of the cost base, hiring freeze, salary increases postponed, specific measures relating to paid leave, contracts with major suppliers have been adjusted, all discretionary expenses, including travel costs, were stopped); Review and approval of updated 2020 budget and ● objectives; Review of the compensation policy applicable to the senior ● executives. As far as strategic projects and operations are concerned Review of the Group’s strategic trends; ● Review of external growth operations and, in particular, the ● acquisition of Ingenico Group (preparation and monitoring of the project, approval of the transaction, its contractual documents related to the financial transaction, the filing of the tender offer with the French Financial Market Authority (AMF), monitoring of the conditions that must be met in order to carry out the transaction monitoring of the work on the preparation of the integration, takeover and implementation of the squeeze-out of the Ingenico shares and OCEANEs) and the commercial alliance with ANZ in Australia; Implementation of the payment terminals business ● strategic review; Review and approval of the Group’s financing strategy ● such as the issuance of bonds, OCEANEs and the establishment of a bridge loan.

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Universal Registration Document 2020