www.se.com Schneider Electric Universal Registration Document 2021 298 Chapter 4 – Corporate Governance Report On-boarding program of new Directors A complete on-boarding program is provided to any new Director in order to help him/her to get a deep understanding of the business, the challenges and priorities of Schneider Electric as well as its governance and values. As such, new Directors are offered a training and information program on the Group’s strategy and businesses designed around a common core which comprises of: • a set of documents including, in particular, the last registration document and integrated report, the Company’s Articles of Association, the internal regulations of the Board of Directors, the AFEP-MEDEF Corporate Governance Code, the compliance Code governing stock- market transactions (see below), the minutes of the Board’s and committees’ meetings for the period starting from the appointment back to the full year before, Directors’ and officers’ liability master policy and the last three periodic information letters; • a summary relating to the Group organization; • working meetings with the Chief Financial Officer and Executive Vice-Presidents of Strategy, Energy Management, Industrial Automation, and other EVPs as the case may be; • a work session with the secretary of the committee(s) he/she will join; • concerning governance and values: work session with the Vice- Chairman & Lead Independent Director; the Chief Governance Officer, the Secretary of the Board of Directors, as well as with the persons in charge of compliance and ethics and sustainable development; • to know more about Schneider Electric’s shareholding structure and shareholders’ expectations, an interview with the senior Vice-President Investors Relations; • training on the use of the secure dedicated platform on which all the Board’s files are filed and kept; • the designation of a mentor for any new Director to facilitate his/ her integration; • as the case may be, visits to sites which are particularly illustrative of Schneider Electric’s activities. In addition, the Directors representing employees, Mrs. Rita Felix and Mr. Bruno Turchet, benefit from a training program compliant with legal requirements and approved by the Board of Directors. In pursuance of new French regulations coming from law n° 2019-486 of May 22, 2019 relating to companies’ growth and transformation, known as PACTE law, the Director representing the employee shareholders, Mrs. Xiaoyun Ma, was offered a tailored training session to address her needs. Compliance Code governing stock-market transactions Schneider Electric has adopted a compliance Code governing stock-market transactions for members of the Board of Directors and Group employees designed to prevent insider trading. Under these provisions, both Directors and relevant employees are barred from trading in the Company shares and shares in companies for which they have inside information that has not yet been made public. In addition, they may not trade in Schneider Electric SE shares during the 31 days preceding the day following publication of the annual and interim financial statements, nor during the 16 days preceding the day following publication of a quarterly update, nor may they engage in any type of speculative trading involving Schneider Electric SE shares (including margin trading, purchasing, and selling shares in a period of less than four months). In addition, in accordance with the AFEP-MEDEF Corporate Governance Code, Corporate Officers also undertake not to enter into hedges of shares resulting from exercise of options and of Performance Shares they are required to hold (see section 4.1.1.5 of Chapter 4 of the 2021 Universal Registration Document). These restrictions supplement the prohibition against hedging unvested stock options and Performance Shares during their vesting period. The compliance Code governing stock-market transactions was revised when the European “Market Abuse Regulation” nº 2014/596 of April 16, 2014 entered into force, and subsequently updated in December 2018. The regulation obliges companies to draw up insider lists, and market operators to put in place mechanisms aimed at preventing and detecting suspicious transactions, enabling them to report to the Autorité des Marchés Financiers those that seem to them to constitute insider dealing. 4.1.2.6 Self-assessment of the Board of Directors Pursuant to its internal regulations, Schneider Electric SE’s Board of Directors annually reviews its composition, organization, and operations, as well as those of its committees. This yearly assessment is carried out through a written questionnaire sent to Board members or an interview with the Board member. The evaluation is conducted under the leadership of the Vice-Chairman & Lead Independent Director by the Secretary of the Board of Directors. In addition, as per the AFEP-MEDEF Corporate Governance Code, the Board of Directors shall undertake at least once every three years, a formal self-assessment, which may be conducted with the assistance of an external consultant. Internal self-assessment conducted in September and October 2021 An internal assessment was conducted by the Vice-Chairman & Lead Independent Director, who guaranteed the confidentiality of opinions expressed, based on (i) a questionnaire answered anonymously by Board members and (ii) another anonymous questionnaire answered by Executive Committee members to know better their expectations toward the Board of Directors. The report was presented and discussed in detail at the Governance & Remunerations Committee on October 25, 2021 and a summary report was presented to the Board of Directors on October 26, 2021. The Vice-Chairman & Lead Independent Director provided individual feedback on the assessments of the effective contribution of each Director. Themes (i) Membership and dynamics of the Board; (ii) Mission, organization, and operation of the Board; (iii) Works of the committees; (iv) On-boarding program of the new members; (v) 2022 top Board priorities; and (vi) Effective contribution of each Director. 4.1 Governance Report