Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 64

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 64
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VE THAT OUR ACTIONS HAVE REFLECTED OUR LONG-STANDING ADHERENCE TO THOSE HIGH STANDARDS. ■We annually review and, as necessary, update our Corporate Governance Guidelines and our Code of Integrity. ■We conduct online mandatory training for our employees and officers on our Code of Integrity and other relevant compliance topics. ■We also require all of our officers and managerial and supervisory employees to certify compliance with our Code of Integrity each year and to proactively report any non-compliance they may discover. ■Management and the Board of Directors solicit and are responsive to shareholder feedback that informs our governance practices. The Governance, Safety & Environment Committee of the Board of Directors evaluates the Company’s and the Board of Directors’ governance practices and formally reviews, at least annually, all committee charters, with recommendations from the various committees of the Board of Directors, and the Board of Directors’ governance principles. The Governance, Safety & Environment Committee receives updates at each meeting regarding new developments and regulatory trends in the corporate governance arena. Our Corporate Governance Guidelines and committee charters also require, among other things, that each committee and the Board of Directors annually conduct a self-evaluation of their own performance. The evaluation provides an opportunity for an assessment of each member of the Board of Directors. Director Shareholding Requirement

| ​                       | ​                       |
| Non-Management Director | 5x Annual Cash Retainer |
| Chief Executive Officer | 6x Base Pay             |

We have equity ownership guidelines for directors that require each current non-management director to acquire and retain a number of our shares and/or restricted units at least equal in value to an amount five times the director’s annual cash retainer. Each new director is required to acquire and retain such number of shares, and/or restricted units during his or her initial five years as a director. Our Chief Executive Officer is subject to separate officer share ownership guidelines providing for a more stringent requirement of six times his base pay. In connection with such ownership requirement, the Board of Directors currently grants restricted share units to each of our non-management directors. See Compensation Discussion and Analysis for more information about these guidelines. Trading, Hedging and Pledging We maintain an insider trading policy(the “Insider Trading Policy”) governing the purchase, sale and other dispositions of our securities by our directors, officers and employees, including family members and other individuals living in their respective households and procedures for the Company itself that we believe are reasonably designed to promote compliance with insider trading laws, rules and regulations, as well as applicable NYSE listing standards