4.10 Committees of the Board of Directors

The Board of Directors has delegated individual tasks to committees.

As of 31 December 2025, the Board of Directors has three standing committees (Strategy & Investments, Audit, and Compensation) and one ad-hoc committee (Nomination). It may appoint further ad-hoc committees as required. The standing committees consist of between three and six members, depending on their respective regulations. Each member of the Board of Directors generally sits on at least one of the standing committees. Subject to appointment by the Compensation Committee (without voting rights), the Chair of the Board of Directors is a member of all the standing committees, while the committees themselves are chaired by other members who report on their meetings to the Board of Directors. Members of the Board of Directors receive copies of minutes from meetings of the Strategy & Investments Committee and the Audit Committee as a matter of course, and from the Compensation Committee and Nomination Committee upon request.