Value-based governance Assuring stable governance as the pandemic continues its impact at a global level The COVID-19 pandemic continued to attest to the resilience of the Company and its governance and leadership. Crisis management and business continuity procedures and the COVID-19 crisis management measures put in place in 2020 continued to serve the Company well in 2021. We were able to continue operating in an agile way in response to the different environments and stages of the pandemic worldwide, while keeping our employees safe and engaged and serving our customer and consumer demand for essential products as well as our supporting communities. Givaudan continued its work on areas that are important for the longer-term impact of the pandemic, including digitalisation and flexible work arrangement programmes for employees. Management continued to keep the Board of Directors and in particular the Chairman updated as required. READ MORE For information on our initiative to keep our employees safe and engaged: Our People ▸ page 89, 96-97 Our purpose drives our sustainability agenda Our governance systems enable the Company to live and implement its purpose, which ensures that the Company is a force for good for the business, society and the planet. The EC is accountable for our purpose ambitions. Topics related to these ambitions form part of the regular EC meeting agenda in addition to dedicated sessions – held twice a year – for reviewing the overall progress and strategic direction of our purpose / sustainability ambitions. They are supported by the Sustainability Leadership Team (SLT), led by the Global Head of Sustainability and made up of internal experts on topics linked to purpose and sustainability. The SLT supports the organisation in reaching relevant goals, working closely with business and functional leaders and managers, and meets on a regular basis to review progress and agree key recommendations for the EC. In addition, risks related to Environmental, Social and Governance (ESG) and sustainability issues are also assessed as part of the Company’s Enterprise Risk Management process and were included in the development of the 2025 strategy. READ MORE For an in-depth explanation of our sustainability governance consult our 2021 GRI sustainability report ▸ page 35 Board of Directors As of 31 December 2021, the Board of Directors consists of eight ¹ Board members, headed by our Chairman Calvin Grieder , and is composed of five men and three women representing five nationalities. The Board of Directors is responsible for the ultimate direction, strategic supervision and control of the management of the Company. Board members are elected each year at the Annual General Meeting with a mandate of one year. Membership of the Board is composed to ensure the Board possesses all competencies required to execute its strategic oversight and control over Givaudan. The Board has formed four Board committees to support the preparation of discussions and decisions in certain areas in accordance with Swiss law. Each of the eight Board members has extensive leadership experience and in-depth knowledge of his or her relevant areas of expertise. 1. Thomas Rufer retired from the Board at the Annual General Meeting 2021 after 1 2 years as a Board member. Our governance structure and processes aim to engage all stakeholders transparently and contribute to the creation of a fair, inclusive business. Givaudan – 2021 Integrated Annual Report Value-based governance Eff ective and transparent corporate governance 125