In this section 23 Compensation governance 24 Compensation principles 26 Compensation of Givaudan executives 32 Compensation of the Executive Committee 34 Compensation of the Board of Directors 36 Share ownership guidelines 36 Ownership of Givaudan securities 38 Report of the statutory auditor COMPENSATION REPORT Governance Report Compensation Report Consolidated Financial Report Statutory Financial Report Appendix 22 Givaudan — 2021 Governance, Compensation and Financial Report