Fox Corporation (the “Company”)
Compensation Committee Charter(updated November 2023)

I. Purpose and Authority
The Board of Directors of the Company (the “Board”) has established a Compensation
Committee (the “Committee”) with the authority and responsibilities described below.
The Committee may delegate its authority to one or more subcommittees, members of theBoard, the Chair of the Committee or officers of the Company, to the extent permitted by law, when
it deems appropriate and in the best interests of the Company.
II. Composition and Meetings
The Committee shall consist entirely of directors who the Board determines are“independent” in accordance with the independence and other eligibility requirements applicable tocompensation committee members under the listing standards of the Nasdaq Stock Market(“Nasdaq”) or any other exchange on which the Company’s securities are listed and under any
applicable Securities and Exchange Commission (“SEC”) rules or regulations upon therecommendation of the Nominating and Corporate Governance Committee. At least two (2)Committee members shall also be “non-employee directors” for purposes of Rule 16b-3 under theSecurities Exchange Act of 1934, as amended (the “Exchange Act”). The members of the Committee
and the Chair of the Committee shall be appointed and may be removed by the Board. TheCommittee shall meet as often as it deems is appropriate to carry out its responsibilities. A majorityof the members of the Committee shall constitute a quorum. The Chair of the Committee, inconsultation with the other Committee members, shall set meeting agendas. The Committee shallreport its actions and recommendations to the Board. The Committee will meet periodically inexecutive session without Company management present.
III. Responsibilities
In addition to any other responsibilities which may be assigned from time to time by theBoard, the Committee shall have the following responsibilities:•To review and approve goals and objectives relevant to the compensation of the chief executiveofficer, to evaluate the performance of the chief executive officer in light of these goals andobjectives and other factors it deems appropriate, and based on this review and evaluation,
determine the compensation of the chief executive officer (provided that during the deliberationsand voting regarding chief executive officer compensation, the chief executive officer shall notbe present);

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To consider, authorize and oversee the incentive compensation plans in which the Company’s
executive officers participate and the Company’s equity-based plans and recommend changes
in such plans to the Board as needed, and the Committee shall exercise all the authority of theBoard with respect to the administration of such plans, including the granting of awards under
the Company’s incentive compensation plans and equity-based plans;
To review and approve equity awards and other fixed and performance-based compensation,benefits and terms of employment of the Company’s executive officers (as defined by SECrules) and such other senior executives identified by the Committee after consultation with theCompany’s chief executive officer and other members of management;
To review and approve employment and severance arrangements and obligations for executive
officers, including employment agreements, separation agreements and similar plans oragreements;
To review and approve or ratify the principal employment terms for each other employment
arrangement (excluding arrangements for talent) where the sum of the base salary, bonus target
and long-term incentive target for the contract period is equal to or greater than a threshold
amount set by the Committee;
To review and approve other separation obligations that exceed by more than a certain amountset by the Committee those contractually provided for in an employment agreement approvedor ratified by the Committee pursuant to the previous paragraph;
To review the Company’s recruitment, retention, compensation, termination and severance
policies and other benefit plans for senior executives;
To review and assist with the development of executive succession plans and to consult with thechief executive officer and other executive officers regarding the selection of senior executives;
To review at least annually the form and amount of compensation of non-executive directors forservice on the Board and its committees and recommend changes in such compensation to theBoard as appropriate;
To review and discuss with management the Compensation Discussion & Analysis (CD&A)
section of the annual proxy statement and related disclosures that the SEC rules require to be
included in the Company’s annual report and/or proxy statement and recommend to the Board,
based on such review and discussions, whether the CD&A and any related disclosures should
be included in the Company’s annual report and/or proxy statement in accordance withapplicable rules and regulations;
To provide the Compensation Committee Report for inclusion in the Company’s annual proxystatement in accordance with applicable rules and regulations;
To review the Company’s compensation policies and practices applicable to all employees todetermine whether they create risk-taking incentives that are reasonably likely to have a material
adverse impact on the Company;
To review and make a recommendation to the Board concerning the Company’s submissions tostockholders on executive compensation matters, including advisory votes on executive
compensation of the Company’s named executive officers as disclosed in the annual proxystatement in accordance with the rules of the SEC and the frequency of holding such votes;
In evaluating and determining the chief executive officer compensation, and in establishing anddetermining compensation of the Company’s other named executive officers, to consider the2••••••••••

results of the most recent stockholder advisory vote on executive compensation matters;
To assess, at least annually, whether the work of compensation consultants involved indetermining or recommending executive or director compensation has raised any conflict ofinterest that is required to be disclosed in the Company’s annual report and/or proxy statement;
In coordination with the Nominating and Corporate Governance Committee, to oversee theCompany’s engagement with stockholders on the subject of executive compensation and humancapital management;
In coordination with the Nominating and Corporate Governance Committee, to oversee andmake recommendations to the Board regarding the Company’s response to stockholder
proposals involving compensation and human capital management matters;
To assist the Board, as necessary, in reviewing and assessing the Company’s strategies andpolicies related to human capital management;
To evaluate the Committee’s performance at least annually and report to the Board on suchevaluation;
To annually review and assess the adequacy of this charter and recommend any proposedchanges to the Board for approval;
To establish and periodically review stock ownership guidelines for named executive officersand non-executive directors and monitor compliance with such ownership guidelines byexecutive officers and non-executive directors;
To periodically review any hedging and pledging policy applicable to directors and employees;
To review and approve the creation of any clawback policy allowing the Company to recoupcompensation paid to executive officers and to administer, modify and/or terminate any suchpolicy; andTo perform such other duties and responsibilities as are consistent with the purpose of theCommittee and as the Board or the Committee shall deem appropriate.

In fulfilling its responsibilities, the Committee shall have the sole authority to select, retain, oversee,
terminate and approve the fees and other retention terms of any compensation consultants, outside
legal counsel and any other experts or advisors as the Committee may deem appropriate in its solediscretion. The Company will provide the Committee with the necessary funding, as the Committee
determines, for the payment of compensation to the compensation consultant, outside legal counsel,
and any other experts or advisors as the Committee deems appropriate and administrative expenses thatare necessary or appropriate in carrying out its duties. Prior to selecting, or receiving advice from, acompensation consultant, outside legal counsel, or other expert or advisor, the Committee shallconsider the independence of the compensation consultant, outside legal counsel or other expert oradvisor, taking into account the factors prescribed by Nasdaq or any other exchange on which theCompany’s securities are listed and applicable SEC rules and regulations.

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