Universal Registration Document 2021

Criterion 2: Cross-directorships

Not be an executive corporate officer of a company in which the group holds, directly or indirectly, a management position, or in which an employee designated as such or an executive corporate officer of the company (currently or in the past five years) holds a management position;

Criterion 3: Significant business relationship

Not be a client, supplier, business banker, investment banker or senior banker (or be directly or indirectly linked to such persons):

• that is significant for the company or the group; or
• for which the company or group represents a significant part of its business.

Criterion 4: Family ties

Not have a close relative who is a corporate officer.

Criterion 5: Statutory auditors

Not have been a statutory auditor of the company during the previous five years.

Criterion 6: Over 12 years on the Board

Not have been a Supervisory Board member for more than 12 years. The status of independent member is lost after 12 years.

Criterion 7: Non-executive member of the Supervisory Board status

A non-executive member of the Supervisory Board cannot be considered independent if they receive variable compensation in cash or in securities or any compensation linked to the performance of the company or the group.

Criterion 8: Major shareholder status

Directors representing major shareholders in the company or in its parent company can be considered independent when those shareholders play no part in controlling the company. However, above 10% of the share capital or voting rights, the Board, based on a report from the nominating committee, systematically considers the independence in light of the composition of the company’s share capital and the existence of potential conflicts of interest.

Situation of the members of the Supervisory Board, as of December 31, 2021, with regard to the independence criteria of the Afep-Medef Code

(the criterion is considered to be met when it is identified b ✔)

n/a: not applicable.