Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 252

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 252
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 2020. (b) Frédéric Oudéa (since May 25, 2023). Serge Weinberg’s term of office expired on May 25, 2023. Based on full-time equivalent permanent employees of all Sanofi legal entities worldwide with at least two years of uninterrupted employment, the ratios for 2024 were as follows: • CEO: – ratio versus average compensation: 117.9; and – ratio versus median compensation: 166.3. • Chairman of the Board of Directors: – ratio versus average compensation: 9.6; and – ratio versus median compensation: 13.5. These ratios were calculated on the basis of annualized basic compensation, variable compensation in respect of the previous year, and performance shares awarded during 2024, applying 2024 average exchange rates.

| SANOFIFORM 20-F2024 | 147 |

| PART I                                             |
| ITEM 6. Directors, Senior Management and Employees |

C. Board Practices Application of the AFEP-MEDEF Code The corporate governance code applied by Sanofi is the December 2022 version of the AFEP-MEDEF Code which is available at https://hcge.fr/le-code-afep-medef/. Our Board Charter requires at least one-half of our directors to be independent; contains a section on the ethical rules applicable to our directors; sets out the remit and operating procedures of the Board; defines the roles and powers of our Chairman and our Chief Executive Officer; and describes the composition, remit and operating procedures of the Board committees, in accordance with the recommendations of the AFEP-MEDEF Code. Collectively, our Articles of Association and our Board Charter establish the framework within which Sanofi implements its principles of corporate governance Our Board practices comply with the AFEP-MEDEF Code recommendations, with certain exceptions, and with the report of the Autorité de marchés financiers on Audit Committees, issued on July 22, 2010. Activities of the Board of Directors in 2024 During 2024, the Board of Directors met 14 times (including strategy seminars), with an overall attendance rate among Board members of 98%. The following persons attended meetings of the Board of Directors: • the directors; • the Secretary to the Board; • frequently: members of the Executive Committee; and • occasionally: the statutory auditors, managers of our global support functions, and other company employees. The agenda for each meeting of the Board is prepared by the Secretary after consultation