Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 45

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 45
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 and permitted non-audit services (including the fees and terms thereof) to be performed by our independent registered public accounting firm and its affiliates. The Audit Committee has considered whether the provision of services rendered in 2024, other than the audit of our financial statements and reviews of quarterly financial statements, was compatible with maintaining the

Transocean 2025 P-52 Proxy Statement

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independence of Ernst & Young LLP and determined that the provision of such services was compatible with maintaining such independence. The Audit Committee has adopted policies and procedures for providing advance approval of services for such audit, audit-related and permitted non-audit services performed by the independent registered public accounting firm and its affiliates. These services require advance approval by the Audit Committee of all such work; provided that the Audit Committee may form subcommittees consisting of one or more members and delegate authority to such subcommittee to grant advance approvals of such work, so long as such advance approvals are presented to the full Audit Committee at its next scheduled meeting. The Audit Committee must provide advance approval for a service before the independent registered public accounting firm or its affiliate begins to perform the service. The Audit Committee has given advance approval for specified audit, audit-related, tax and other services for 2025. Requests for services that receive this advance approval are also subject to engagement fee pre-approval procedures, budget restrictions, as well as other internal controls. Transocean 2025 P-53 Proxy Statement

AGENDA ITEM 11 Advisory Vote to Approve Named Executive Officer Compensation for Fiscal Year 2025 PROPOSAL OF THE BOARD OF DIRECTORS

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| The Board of Directors recommends that you vote for the approval of the compensation of the Named Executive Officers as described in this proxy statement.Accordingly, you may vote on the following resolution:RESOLVED, that the compensation of the Company’s Named Executive Officers, as disclosed pursuant to the compensation disclosure rules of the SEC, including the Compensation Discussion and Analysis, the compensation tables, and the narrative disclosure in the proxy statement for the Company’s 2025 Annual General Meeting is hereby APPROVED. |

EXPLANATION As required by Section 14A of the Exchange Act, the Company is providing its shareholders the opportunity to vote on an advisory basis to approve the compensation of the Company’s Named Executive Officers. At the Company’s 2023 Annual General Meeting, the Company’s shareholders supported the Board of Directors’ recommendation to hold an