Corporate governance Ensuring proper checks and balances The Governance report is aligned with international standards and has been prepared in accordance with the ‘Swiss Code of Obligations’, the ‘Directive on Information Relating to Corporate Governance’ issued by the SIX Swiss Exchange and the ‘Swiss Code of Best Practice for Corporate Governance’ issued by economiesuisse. The internal corporate governance framework is based on Givaudan SA’s Articles of Incorporation. The ‘Board Regulations of Givaudan SA’, the Company’s organisational regulation, further clarifies the duties, powers and regulations of the governing bodies of the Company. Except when otherwise provided by law, the Articles of Incorporation and Givaudan’s Board Regulations, all areas of management are fully delegated by the Board of Directors, with the power to sub-delegate to the Chief Executive Officer, the Executive Committee and its members. The Board Regulations of Givaudan also specifies the duties and the functioning of its four Board Committees. DOWNLOAD www.givaudan.com ▸ Our company ▸ Corporate governance ▸ Rules and policies ▸ Articles of Incorporation, Board Regulations of Givaudan and other documentation regarding Givaudan’s principles of corporate governance 1. Group structure and shareholders 1.1 Group structure 1.1.1 Description of the issuer’s operational Group structure Givaudan SA, the parent company of the Givaudan Group, with its registered corporate headquarters at 5 Chemin de la Parfumerie, 1214 Vernier, Switzerland (‘the Company’), is a ‘société anonyme’, pursuant to art. 620 et seq. of the Swiss Code of Obligations. It is listed on the SIX Swiss Exchange under security number 1064593, ISIN CH0010645932. The Company is a global leader in its industry. Givaudan operates around the world and has two principal businesses: Taste & Wellbeing and Fragrance & Beauty, providing customers with compounds, ingredients and integrated solutions. Taste & Wellbeing consists of four business units: Dairy, Sweet goods, Beverages and Savoury. Fragrance & Beauty also has four business units: Consumer products; Fine fragrances; Fragrance ingredients and Active Beauty. Both divisions have a sales and marketing presence in all major countries and markets as well as Research and Development organisations. They share resources and knowledge in the areas of research and consumer understanding, where applicable. Corporate functions include Finance, Procurement, Science and Technology, Human Resources (HR), Legal, Ethics & Compliance, Enterprise Risk Management and Communications as well as Givaudan Business Solutions (GBS). GBS provides best-in-class internal processes and services in the areas of Finance, Controlling, HR, Procurement, Supply Chain, Environment, Health & Safety (EHS), Enterprise Data Management, Information Management and Technology (IM&T), Sustainability and Continuous Improvement. 1.1.2 Listed companies within the scope of consolidation The Company does not have any publicly listed subsidiaries. 1.1.3 Unlisted companies within the scope of consolidation The list of principal consolidated companies, their domiciles and the shareholding is presented on pa ge 95, in note 32 to t he 2021 consolidated financial stat ements. Note 1 to the consolidated financial statements as well as note 3 to t he statutory financial statements on Governance Report Compensation Report Consolidated Financial Report Statutory Financial Report Appendix 4 Givaudan — 2021 Governance, Compensation and Financial Report