Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 77

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 77
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 controls related to such disclosures; ■The appointment, retention, oversight, evaluation and termination of our independent registered public accounting firm and recommending our statutory auditor pursuant to the Swiss Code to the Board of Directors and to shareholders for approval at a general meeting of shareholders; ■Directly responsible for the compensation and oversight of our independent registered public accounting firm and our statutory auditor pursuant to the Swiss Code; ■Advise as necessary in the selection of the lead audit partner, including with respect to the lead audit partner rotation; ■Reviews our financial reporting processes, oversees the integrity of our financial statements, the reporting and assurance process for sustainability disclosures that require third party assurance and the independence, qualifications and performance of our auditors and their lead audit partner; ■Review and report to the Board of Directors the scope and results of audits by our independent registered public accounting firm, our statutory auditor pursuant to the Swiss Code and our internal auditing staff and evaluates the audit, audit-related and permitted non-audit services rendered by the accounting firm; ■Review any material information security or cybersecurity matters that may affect the Company; ■Review with the accounting firm the adequacy of our system of internal controls over financial reporting; ■Review transactions between us and our directors and executive officers for disclosure in the proxy statement, our policies regarding those transactions and compliance with our business ethics and conflict of interest policies; and ■Receive regular reports from the Chief Compliance Officer and the Vice President, Information Technology. Additional information can be found in the Audit Committee Report of this proxy statement. Transocean 2025 P-79 Proxy Statement

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| BOARD MEETINGS AND COMMITTEES | ​ |

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|    | COMPENSATION COMMITTEE | Meetings in 2024: 4 |

MEMBERS Glyn A. Barker Vanessa C.L. Chang Samuel J. Merksamer The purpose of the Compensation Committee is to assist the Board of Directors in ■developing an appropriate compensation program and benefit package for ■members of the Executive Management Team (as defined above under the caption “Executive Management Team Composition”); ■persons defined as “officers” pursuant to section 16(a) of the Exchange Act, and (c) any other person whose compensation is required to be disclosed by applicable securities laws and regulations (collectively, the “Specified Executives”) and members of the Board of Directors; and ■complying with the Board of Directors’ legal and regulatory requirements as to Board member and Specified Executives compensation in order to facilitate the Company