5.4 Compensation voting for members of the Board The compensation paid to the Board members for the period between the 2020 and 2021 Annual General Meetings, CHF 3,280,206, is again within the amount approved by shareholders at the 2020 Annual General Meeting CHF 3,400,000. Amounts approved at the 2021 Annual General Meeting CHF 3,250,000 will be paid by the end of the year in office and validated in the 2022 Compensation report. Such approved and paid amounts may differ from those shown in the Board compensation summary table which, according to the OaEC, must include compensation paid in the reporting year. 6. Share ownership guidelines Under the share ownership guidelines (Guidelines), Executive Committee members must hold approximately two times annual base salary in Givaudan shares. In general, the Guidelines should be met within five years from the beginning of the calendar year after joining the Executive Committee. As the current Guidelines were implemented in September 2017, transitional arrangements to the Guidelines were in place for Executive Committee members appointed before 2016, such that all such members reached the new Guideline holding requirement in 2020. Ownership of Givaudan shares by Executive Committee members as per 31 December 2021 is shown in table XVI. 7. Ownership of Givaudan securities 7.1 Executive Committee The Chief Executive Officer (CEO) and other members of the Executive Committee, including persons closely connected to them, held 8,053 Givaudan shares. For further details, please refer to table XVI showing: – The shares held individually by each member of the Executive Committee as per 31 December 2021. – The unvested Performance Shares that were granted in 2019–2021 and were still owned by members of the Executive Committee as per 31 December 2021. No member of the Executive Committee held any share options or option rights as at 31 December 2021 (31 December 2020: no member of the Executive Committee held any share options or option rights). One person closely connected to a member of the Executive Committee owned 184 unvested Performance Shares as at 31 December 2021. The Company is not aware of any other ownership of shares, share options/option rights, RSUs or Performance Shares as per 31 December 2021 by persons closely connected to members of the Executive Committee. XVI. Executive Committee: ownership of Givaudan securities 2021 in numbers Shares Unvested Performance Shares Gilles Andrier, CEO 4,600 2,715 Tom Hallam 278 1,141 Louie D'Amico 525 1,270 Maurizio Volpi 801 1,357 Simon Halle-Smith 706 815 Willem Mutsaerts 434 815 A nn e Tay ac 525 815 Total 2021 7, 8 6 9 8,928 Total 2020 6,312 10,937 Reflecting business and individual performance Governance Report Compensation Report Consolidated Financial Report Statutory Financial Report Appendix 36 Givaudan — 2021 Governance, Compensation and Financial Report