281 Life Is On | Schneider Electric www.se.com Chapter 4 – Corporate Governance Report Corporate Governance 4. 4.1.1.3 Skills and diversity Diversity policy within the Board of Directors and within the management of the Company The Board of Directors pays due attention to its composition and that of its committees. It relies on the works of the Governance & Remunerations Committee which reviews regularly and proposes as often as required, the relevant changes to the composition of the Board of Directors and its committees depending on the Group’s strategy. In that respect, in conformity with its internal regulations, the Board of Directors ensures through its proposals and its decisions that: • its composition reflects the international nature of the Group’s activities and of its shareholders by having a significant number of members of non-French nationality; • it protects the independence of the Board through the competence, availability, and courage of its members; • it ensures open and unrestricted speech; • it pursues its objective of diversifying the Board of Directors in compliance with the legal principle of attaining balanced representation between men and women on the Board; • it appoints persons with the expertise required for developing and implementing the Group strategy while considering the objectives of diversity based on criteria such as age, professional skills, nationalities, and background; • employee shareholders and employees shall continue to be represented on the Board in compliance with the provisions set forth in Articles 11.3 and 11.4 of the Articles of Association; and • it preserves the continuity of the Board by changing some of its members at regular intervals, if necessary, by anticipating the expiry of members’ terms of office. The gender diversity ratio of the Board of Directors, should the appointment of Mrs. Nive Bhagat be confirmed in the 2022 Annual Shareholder’s Meeting, will reach 45% (excluding the employee Directors and the representative employee shareholders Director). Schneider Electric is deeply committed towards diversity in general and gender diversity in particular. Schneider Electric focuses on taking proactive measures to encourage a balanced representation of men and women at the leadership level: the portion of women at the Executive Committee had been increased from 38% in 2020 to 44% in 2021. For the leadership pool comprising of the top leaders (around 1,000 employees), the female representation is 26% (+2% vs . 2020). At its meetings of December 15, 2021 and February 16, 2022, the Board of Directors reviewed senior management’s ambitions regarding the balanced representation of men and women at the leadership level and noted that the objectives are set to: • at least 40% of women at the Executive Committee; • at least 30% of women among the Leadership (VP and above, around 1,000 employees). To achieve these objectives and further improve gender diversity, the Group aims at attracting female talents by offering a training leadership program and dedicated mentoring, an equal treatment policy and a tailored family leave policy. Skills within the Board of Directors The Board of Directors undertook a review of the skills to include in its skills matrix in order to meet the Company’s strategic needs and some peer comparisons. It reviews its composition and expertise to identify skills that could be strengthened in the future or would deserve a stronger disclosure/narrative. Schneider Electric’s Board, assessed against these skills, appears strong and balanced, and globally well positioned. The Board comprises individuals from diverse and complementary professional and cultural backgrounds, true to the Group’s history and values. This enables it to perform its duties collectively and constructively. The experience and expertise brought to the Board by each director at the date of this Universal Registration Document can be summarized as follows. Jean-Pascal Tricoire Fred Kindle Léo Apotheker Cécile Cabanis Rita Felix Willy Kissling Linda Knoll Jill Lee Xiaoyun Ma Anna Ohlsson-Leijon Fleur Pellerin Anders Runevad Gregory Spierkel Lip-Bun Tan Brumo Turchet Total Benchmarked Skills Public Company Management 11 Corporate Finance 12 Accounting, Audit & Risk 5 International Markets 13 Industry Knowledge 8 Employee perspective and Knowledge of the Group 4 Digital & Technology 4 Law, Governance, Ethics & Compliance 4 Sustainability 4