303 Life Is On | Schneider Electric www.se.com Chapter 4 – Corporate Governance Report Corporate Governance 4. 4.1.4.2 Governance & Remunerations Committee 7 6 67% 94% meetings in 2021* members of independent Directors average attendance rate Composition as of December 31, 2021 The Board of Directors’ internal regulations and procedures provide that the Governance & Remunerations Committee must have at least three members. It is chaired by the Vice-Chairman & Lead Independent Director. • Fred Kindle Chairman Independent • Léo Apotheker Member Non-independent • Willy Kissling Member Non-independent • Linda Knoll Member Independent • Anders Runevad Member since February 10, 2021 Independent • Greg Spierkel Member Independent Changes in the composition in 2021 • Chairpersonship: no change. • Membership: Mr. Anders Runevad was appointed as a member of the Committee on February 10, 2021. Individual attendance rate in 2021 • Fred Kindle 100% • Léo Apotheker 100% • Willy Kissling 100% • Linda Knoll 83% • Anders Runevad 80% • Greg Spierkel 100% Operating procedures • The Committee is chaired by the Vice-Chairman & Lead Independent Director. • The Committee meets at the initiative of its Chairperson or at the request of the Chairman & CEO. • The agenda is drawn up by the Chairperson, after consulting with the Chairman & CEO. • The Committee shall meet at least three times a year. • The Committee may seek advice from any person it feels will help it with its work. • The Secretary of the Board of Directors is the secretary of the Committee. Responsibilities Items Details of missions Appointments • To formulate proposals to the Board of Directors in view of any appointment made: (i) within the Board of Directors as a Director or Observer, Chairman of the Board of Directors, Vice- Chairman or Vice-Chairman & Lead Independent Director, chairperson, or committee member (ii) at the Company’s senior management; particularly, to advise the Board on proposals for the appointment of any Corporate Officer Compensation of Corporate Officers • To formulate proposals to the Board of Directors on the compensation policy of executive Corporate Officers (Chairman of the Board of Directors and/or CEO, and Deputy CEOs if any) and of the Board members • To make recommendations to the Board of Directors concerning the determination of the components of the compensation due to executive Corporate Officers in accordance with the compensation policy approved by the shareholders and based on the contribution of the concerned persons to the performance of the Group Missions aiming at reassuring both shareholders and the market that the Board of Directors carries out its duties with all necessary independence and objectivity • To organize for yearly assessments to be made of the Board of Directors • To make proposals to the Board of Directors on: − determining and reviewing Directors’ independence criteria and Directors’ qualifications with regard to these criteria − missions carried out by the committees of the Board of Directors − the evolution of the organization and mode of operation of the Board of Directors − the application by the Company of national and international corporate governance practices − the total amount of Board members’ remuneration proposed to the Annual Shareholders’ Meetings together with its allocation rules − the compensation of the Vice-Chairman & Lead Independent Director * Including the joint meeting with the Human Resources & CSR Committee relating to the 2022 - 2025 Long-term incentive plan of the Corporate Officer.