Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 80

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 80
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 delegated authority to the Chief Executive Officer to determine whether an individual is disabled and/or to set applicable criteria for making such determination for purposes of the Company’s long-term incentives plans. The Compensation Committee is notified of compensation actions made by the Chief Executive Officer or the subcommittee at the meeting following the end of each calendar quarter in which such actions are taken. Transocean 2025 P-81 Proxy Statement

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| BOARD MEETINGS AND COMMITTEES | ​ |

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|   | FINANCE COMMITTEE | Meetings in 2024: 5 |

MEMBERS Domenic J. “Nick” Dell’Osso, Jr. Vincent J. Intrieri Samuel J. Merksamer Frederik W. Mohn The purpose of the Finance Committee is to assist the Board of Directors in its oversight of the Company’s financial policies, financial strategies and capital structure to ensure that each is consistent with the Company’s values, strategies, financial risk management, fiscal policies and other policies. PRIMARY RESPONSIBILITIES The responsibilities of the Finance Committee include, among others, the following: ■Review the annual and projected longer term financial plan, strategies and capital structure requirements of the Company; ■Review and approve the Company’s risk management programs and investment guidelines; ■Make recommendations to the Board of Directors concerning the Company’s dividend policy, securities repurchase actions, the issuance and terms of debt and equity securities and the establishment of bank lines of credit; and ■Review the financial aspects of proposed significant transactions requiring Board approval, such as mergers, acquisitions, divestitures, joint ventures, spin-offs, initial public offerings and strategic investments.

Transocean 2025 P-82 Proxy Statement

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| ​ | BOARD MEETINGS AND COMMITTEES |

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|   | GOVERNANCE, SAFETY & ENVIRONMENT COMMITTEE | Meetings in 2024: 6 |

Effective August 15, 2024, the company’s Organizational Regulations were amended by the Company’s Board of Directors to reflect the combination of the former Health, Safety, Environment & Sustainability Committee and the former Corporate Governance Committee into the Governance, Safety & Environment Committee. The number of committee meetings held indicated above includes two meetings held by each of the former HSES Committee and former Corporate Governance Committee. Prior to the combination, Mr. Intrieri served as the Chair of the Corporate Governance Committee and Messrs. Curado and Dell’Osso were committee members and Mr. Curado