Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 274

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 274
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. Nineteen meetings of the independent directors outside the presence of management were held in 2024. Annual self-evaluation The Board of Directors decided in 2008 to start conducting an annual self-evaluation of its functioning in order to identify potential areas for improvement. The first self-evaluation

154

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process was carried out in early 2009. The self-evaluation process includes structured interviews between the Lead Independent Director and each director and covers the overall performance of the Board of Directors, its relations with senior management, the performance of individual directors, and the performance of the committees. The process is supported by the Company Secretary under the supervision of the Chairman and the Lead Independent Director. The findings of the self- evaluation process are examined by the ARCG Committee and presented with recommendations from the ARCG Committee to the Board of Directors for adoption and implementation. Suggestions for improvement of the Board of Directors’ process based on the prior year’s performance and functioning are implemented during the following year. The 2024 Board of Directors’ self-evaluation was completed by the Board on February 5 , 2025 . The Board of Directors was of the opinion that it and the management had cooperated successfully during 2024. Strong focus has continued to be given on health and safety, on environmental matters, on Board succession planning as well as on the operations in India and Europe. The Board of Directors reviewed the practical implementation of the governance structure and considered it was working well. The Board set new priorities for discussion and review and identified a number of priority topics for 2025. The Board of Directors believes that its members have the appropriate range of skills, knowledge and experience, as well as the degree of perspectives, experiences and background necessary to enable it to effectively govern the business. The Board of Directors composition is reviewed on a regular basis and additional skills and experience are actively searched for in line with the expected development of ArcelorMittal’s business as and when appropriate.

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Required skills, experience and other personal characteristics

| ArcelorMittal Board Skills Matrix                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                   |               |                       |               |              |               |                |                   |                   |       |
| Director Qualifications                                                                                                                                                                                                                               | Competencies and relevance to ArcelorMittal                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Lakshmi N. Mittal | Aditya Mittal | Vanisha Mittal Bhatia | Karyn Ovelmen | Michel Wurth | Clarissa Lins |