301 Life Is On | Schneider Electric www.se.com Chapter 4 – Corporate Governance Report Corporate Governance 4. 4.1.4.1 Audit & Risks Committee The members, operating procedures, and responsibilities of the Audit & Risks Committee are compliant with the recommendations included in the Audit & Risks Committee final report as updated by the AMF in July 2010. 6 5 80% 100% meetings in 2021* members of independent Directors average attendance rate Composition as of December 31, 2021 The internal regulations and procedures of the Board of Directors stipulate that the Audit & Risks Committee must have at least three members. Two-thirds of the members must be independent and at least one must have in-depth knowledge of accounting standards combined with hands-on experience in applying current accounting standards and producing financial statements. • Cécile Cabanis Chairwoman Independent • Willy Kissling Member Non-independent • Jill Lee Member Independent • Anna Ohlsson-Leijon Member since April 28, 2021 Independent • Fleur Pellerin Member Independent As demonstrated by their career records, summarized in section 4.1.1.2 of the 2021 Universal Registration Document the Audit & Risks Committee members all have recognized expertise in finance, economics, and accounting. In addition to their in-depth financial and accounting knowledge, Mrs. Cécile Cabanis also brings her extensive knowledge of the challenges of a major French group in the CAC 40, Mr. Willy Kissling his knowledge of the building industry and Schneider Electric, Mrs. Jill Lee an in-depth knowledge of Schneider Electric’s activities and of the Asian markets, Mrs. Anna Ohlsson-Leijon her professional experience and skills based on her wide-ranging finance and business background, and Mrs. Fleur Pellerin her economic and financial skills in the field of technologies. Changes in the composition in 2021 • Chairpersonship: Mrs. Jill Lee was appointed as Chairwoman of the Committee as from January 1 st , 2022 in replacement of Cécile Cabanis who remains member of the Committee. • Membership: following her appointment as a Director by the Annual Shareholders’ Meeting of April 28, 2021, Mrs. Anna Ohlsson-Leijon was appointed as a member of the Committee. Individual attendance rate in 2021 • Cécile Cabanis 100% • Willy Kissling 100% • Jill Lee 100% • Anna Ohlsson-Leijon 100% • Fleur Pellerin 100% Operating procedures • The Committee meets at the initiative of its Chairperson or at the request of the Chairman & CEO. • At least five meetings are held during the year. • The Head of Internal Audit is the secretary of the Audit & Risks Committee. • The Committee may invite any person it wishes to hear to its meetings. • The statutory auditors attend meetings at which financial statements are reviewed and, depending on the agenda, all or some of the other meetings. • It may also require the CEO to provide any documents it deems to be useful. • It may also commission studies from external consultants. • The Committee presents its findings and recommendations to the Board. The Chairperson of the Audit & Risks Committee keeps the Chairman & CEO and the Vice- Chairman & Lead Independent Director promptly informed of any difficulties encountered. * Including the joint meeting with the Digital Committee relating to cybersecurity risk review.