Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 281

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 281
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CG Committee is Mrs. Karyn Ovelmen. The ARCG Committee is required to meet at least three times a year. The ARCG Committee performs an annual self-evaluation and completed its 2024 self-evaluation on February 5 , 2025 . The charter of the ARCG Committee is available from ArcelorMittal upon request. Succession management Succession management at ArcelorMittal is a systematic, structured process for identifying and preparing employees with potential to fill key organizational positions, should the position become vacant. This process applies to all ArcelorMittal key positions up to and including the Executive Office. Succession management aims to ensure the continued effective performance of the organization by providing for the availability of experienced and capable employees who are prepared to assume these roles as they become available. For each position, candidates are identified based on performance, potential and an assessment of leadership capabilities and their “years to readiness”. Development needs linked to the succession plans are discussed, after which “Personal Development Plans” are put in place, to accelerate development and prepare candidates. Regular reviews of succession plans are conducted at different levels of the organization to ensure that they are accurate and up to date, leading to at least once a year formal review by the Executive Office, of all key positions. Succession management is a necessary process to reduce risk of vacant positions or skill gap transitions, create a pipeline of future leaders, ensure smooth business continuity and improve employee motivation and engagement. This process has been in place for several years and reinforced, widened and made more systematic in all regions of the organization. The responsibility to review and approve succession plans and contingency plans at the highest level rests with the Board’s ARCG Committee. Sustainability Committee

| 3 members(67%independent) | 7 meetings(2024) |

In 2024, 7 meetings of Sustainability Committee were held, with an attendance rate o f 86%. The Sustainability Committee ("SC") is comprised of three members, of whom two are independent. The SC makes decisions by simple majority with no member having a casting vote.

160

| Management report |

The primary function of the SC is to assist the Board of Directors on the following areas: • review Group level frameworks, policies, standards and guidelines in sustainability matters; • review and approve the identification of material sustainability impacts, risks and opportunities and the corresponding controls and governance processes to manage those; • review the Company's sustainable development plan and targets and associated management systems and ensure the Group is well positioned to meet the evolving expectations of