Groupe Renault - 2020 Universal Registration Document

322 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 03 COMPENSATION OF DIRECTORS AND CORPORATE OFFICERS CORPORATE GOVERNANCE Compensation policies for the directors and corporate 3.2.4 officers for the 2021 financial year At its meeting on February 18, 2021, on the recommendation of the Governance and Compensation Committee, the Board of Directors set the compensation policies for the Chairman of the Board of Directors (chapter 3.2.4.1 below), the Chief Executive Officer (chapter 3.2.4.2 below) and the directors (chapter 3.2.4.3 below) for the 2021 financial year. Pursuant to the provisions of Article L. 22-10-8 of the French Commercial Code, the compensation policies for directors and corporate officers for the 2021 financial year will be submitted for approval to the Company’s Annual General Meeting to be held on April 23, 2021. It should be noted that payment of potential variable compensation component for the 2021 financial year is subject to the subsequent approval, by an Ordinary General Meeting of the Company, of the components of the overall compensation and the benefits of any kind paid or allocated for the 2021 financial year. Compensation policy for the Chairman 3.2.4.1 of the Board of Directors Draft resolution submitted to the Annual General Meeting of April 23, 2021 pursuant to Article L. 22-10-8 of the French Commercial Code Seventeenth resolution – Approval of the compensation policy for the Chairman of the Board of Directors for the 2021 financial year The Annual General Meeting, voting under the conditions of quorum and majority required for Ordinary General Meetings, having reviewed the report on corporate governance referred to in Article L. 225-37 of the French Commercial Code describing the elements of the compensation policy for corporate officers set by the Board of Directors, approves, pursuant to Article L. 22-10-8 of the French Commercial Code, the compensation policy for the Chairman of the Board of Directors, as set out in chapter 3.2.4.1 of the Company’s 2020 Universal registration document. Annual fixed compensation The fixed annual compensation of the Chairman of the Board of Directors reflects the responsibilities and duties assumed and attached to this corporate office, as well as the level of skills, experience and career path of the person holding this position. The annual fixed compensation for 2021 remains at a gross amount of €450,000 payable in twelve monthly instalments. In line with his non-executive role and in accordance with best market practice in France, the Chairman of the Board of Directors does not receive any short-term or long-term variable compensation in cash or in the form of performance shares. Annual variable compensation The Chairman of the Board of Directors will not receive any annual variable compensation. Multiyear variable compensation The Chairman of the Board of Directors will not receive any multiyear variable compensation. Exceptional compensation The Chairman of the Board of Directors will not receive any exceptional compensation in respect of the 2021 financial year. Long-term compensation The Chairman of the Board of Directors will not receive any long-term compensation. Compensation for directorship The Chairman of the Board of Directors will not receive any compensation in respect of his office as director. Benefits of any kind The Chairman of the Board of Directors benefits from two company cars, including one with driver. He also benefits from the same life insurance and supplementary healthcare schemes as employees working in France. Service provision agreements No service provision agreement will be entered into between the Company and the Chairman of the Board of Directors. Sign-on bonus The Chairman of the Board of Directors does not receive any sign-on bonus. Termination benefits The Chairman of the Board of Directors does not benefit from any termination benefit, non-compete indemnity or top-up pension scheme.