Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 26

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 26
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 & Environment Committee, any shareholder may, in compliance with applicable requirements, nominate directors for election at annual general meetings of the shareholders. For more information on this topic, see “Other Matters.” In connection with the Board of Directors’ periodic review of the merits, skills, qualifications, and professional experiences of its members, the Board of Directors also assesses the appropriateness of its size to determine whether any changes are necessary. The Board of Directors has determined that, should each of the director nominees be elected, the Company will have an appropriate combination of leadership, experience and oversight at this time. The Board of Directors considers diversity in the director nominee selection process. The Board of Directors takes an expansive view of the diversity of its members, with the goal of having directors who bring diverse expertise in environmental, health, safety, industry, sustainability, information security, corporate and business development, investor relations and financial matters and who reflect the international nature of our workforce, our customers and the cultures of the regions in which we operate. We are a multinational company and, as of March 6, 2025, have seven different nationalities represented in our director and executive officer group, and 61 in our global workforce. We have a presence in 22 countries worldwide.

| ​                                           | ​ | ​ |                       ​ | ​ | ​ |                   ​ |
| 7                                           | ​ | ​ |                      61 | ​ | ​ |                  22 |
| ​                                           | ​ | ​ |                       ​ | ​ | ​ |                   ​ |
| NATIONALITIES                               | ​ | ​ |           NATIONALITIES | ​ | ​ | COUNTRIES WORLDWIDE |
| IN OUR DIRECTOR AND EXECUTIVE OFFICER GROUP | ​ | ​ | IN OUR GLOBAL WORKFORCE | ​ | ​ | IN WHICH WE OPERATE |

Board Leadership The Board of Directors has chosen not to combine the positions of Chief Executive Officer and Chair of the Board of Directors. The Board of Directors believes that separating these positions allows our Chief Executive Officer to focus on our day-to-day business, while our Chair of the Board of Directors presides over the Board of Directors as the Board of Directors provides strategic advice to, and oversight of, management and the Company’s operations. The Board of Directors recognizes the time, effort, and energy that our Chief Executive Officer is required to devote to his position and the additional commitment the position of Chair of the Board of Directors requires. Upon election as Chair of the Board of Directors, Mr. Thigpen, our current Chief Executive Officer