CORPORATE GOVERNANCE

NO. OF MEETINGS FOR 2022: 4 IN TOTAL

Mar 8 Jun 8 Jul 8 Oct 6

NO. OF MEETINGS FOR 2022: 4 IN TOTAL

Mar 17 May 5 Aug 4 Nov 3

Mr. Mark Morgan (Chairman)

Norman Christie (Chairman from April 1st, 2022)

• Mr. Anthony E. Phillip (Chairman up to March 17, 2022, Retired May 26, 2022)

• • • • Mr.

• Present • Present

Annual Board Evaluation

A self-evaluation was conducted by the Board in late November 2022. The results of this evaluation will be reviewed by the GNRC in 2023 on a comparative basis with the results of

the 2021 and 2020 evaluations to measure the progress being made by the Board in closing performance and skill gaps.

Induction and Training

A Director Orientation Program and an ongoing Director Development Program are in place at the Company. Dr. Tonya Villafana took part in the onboarding and induction procedures prior to and during her appointment to the Board in

2022. Additionally, the Company also develops a training agenda for the advancement and upskilling of its Directors based on the conclusions of the Board’s evaluation.

Subsidiary Governance –Sector Advisory Councils

In the first quarter of 2021, the GNRC made a recommendation which was unanimously approved by the Board for the institution of Sector Advisory Councils as an addition to the existing subsidiary governance structure across the Group. These Councils are chaired by the Group CEO and comprise a majority of independent advisors. The Councils exist solely in an advisory capacity, providing the Group

CEO with independent and unique industry insight. This new framework allows for greater efficiency in the oversight of subsidiary strategy and increased synergies across operations.

In 2022, the Councils have settled into a strong rhythm of engagement and played a significant role in shaping the Group’s strategic agenda.