Groupe Renault - 2020 Universal Registration Document

284 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 03 COMPOSITION, PREPARATION AND ORGANIZATION OF THE BOARD OF DIRECTORS CORPORATE GOVERNANCE Additional information about the directors 3.1.4 Rights and obligations of the directors 3.1.4.1 The Board Charter specifies the rights and obligations of the Company directors with respect to: the rules governing the operation of the Board of Directors and its P committees; the duty of confidentiality; P the independence and the duty of expression; P the management of conflicts of interest; P ethical requirements with respect to financial market P transactions; and holding shares in the Company. Pursuant to the AFEP-MEDEF P Code, the Board of Directors’ Charter recommends that the directors hold a significant number of shares in registered form in a personal capacity in relation to the compensation received, except for directors who do not personally receive compensation. In this respect, the directors representing the employees and employee shareholders do not personally receive compensation (which is passed on to their respective trade unions); they are therefore not required to hold a significant number of shares in the Company. Furthermore, legislation prohibits directors designated by the French State from personally owning shares. For the retention obligation applicable to the Chief Executive Officer, see chapter 3.2 of the Universal registration document. No convictions 3.1.4.2 To the best of Groupe Renault’s knowledge, none of the Company’s current corporate officers has, over the last five years: been convicted of fraud; P taken part as a corporate officer, general partner or founder in P bankruptcy, receivership, or liquidation proceedings; been the subject of any charge and/or official public sanction P pronounced by a statutory or regulatory authority; or been prevented by a court from acting as a member of an P administrative, management, or supervisory body of an issuer, or from taking part in managing or conducting the business of an issuer. No potential or actual conflicts 3.1.4.3 of interest To the best of the Company’s knowledge, there is no potential or actual conflict of interest between any of the private interests of the Company directors and their duties towards the Company. There are no family ties between the members of the Board of Directors. The corporate officers are not bound to the Company or any of its subsidiaries by a service contract providing for any form of benefit to be granted.