technicolor - 2020 Universal Registration Document

4 CORPORATE GOVERNANCE AND COMPENSATION CORPORATE GOVERNANCE

Diversity policy within the Board of Directors and its committees

With 3 members, women represent 27% of the Executive Committee and with 7 members, they represent 37% of the Management Committee. Within the combined Executive Committee and Management Committee, there are 10 women representing 33% of the membership. Taking the combined Executive Committee and Management Committee, together with the executive committees of the business divisions and transversal functions, there are 25 women representing 37% of the membership, a proportion significantly higher than the overall representation of women among employees. Notwithstanding this, the Board of Directors is aiming to accelerate women’s access to positions of responsibility within the Group. The Board will thus ensure that gender and diversity promotion is centered on relevant objectives with appropriate action plans to achieve them, and will regularly monitor the results of their implementation. The Board of Directors has set up the following targets to be reached in 2023 in order to increase female representation in the top management of the Group: 35% of women in the combined Executive Committee and • Management Committee; 40% of women in the combined Executive Committee, the • Management Committee and the executive committees of the business divisions and corporate functions (employees with band levels 4, 5 and 6). An extra-financial objective based on gender promotion and diversity has been included in the performance objectives of the Group Chief Executive Officer since 2018.

The Board of Directors is committed to promote diversity in its composition, with the understanding it will ensure both a good quality and creativity of discussions and decisions. In this regard, the Board of Directors has outlined a policy regarding its composition to achieve a balanced composition and ensure a fair representation of genders, ages, cultures, skills, experience and nationalities. The Board thus ensured during its March 11, 2021 meeting that: its members’ skills as well as its committees’ composition are varied • and in line with the long-term strategy of the Group; a majority of foreign Directors or highly international profiles are • present which reflects the geographic mix of the Group’ s business; the Board and its Committees are well balanced between women and • men (50% of the Directors are women, including the Chairperson of the Board). Gender promotion and diversity within the other management bodies For some years, significant work, programs and action plans have been completed, and some remain ongoing, with regard to the non-discrimination, gender promotion and diversity policy to be applied within the Group. This work covers in particular female representation on our management bodies, including the Executive Committee and the Management Committee, as well as the executive committees of the business divisions and the corporate functions (employees of band levels 4, 5 and 6). At the end of 2020, the Group had 13,289 employees, 28,4% of them being women.

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020