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

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 25
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 ■Information regarding the qualifications and qualities described under “Director Nomination Process” above; ■A signed statement of the proposed candidate consenting to be named as a candidate and, if nominated and elected, to serve as a director; ■A signed irrevocable letter of resignation from the proposed candidate that, in accordance with our Corporate Governance Guidelines, would be effective upon and only in the event that (1) in an uncontested election, such candidate fails to receive more votes cast “FOR” than “AGAINST” his or her election and (2) the Board of Directors accepts the resignation; ■A statement that the writer is a shareholder and is proposing a candidate for consideration by the Governance, Safety & Environment Committee; ■A statement detailing any relationship between the candidate and any customer, supplier or competitor of ours; ■Financial and accounting experience of the candidate, to enable the Governance, Safety & Environment Committee to determine whether the candidate would be suitable for Audit Committee membership; and ■Detailed information about any relationship or understanding between the proposing shareholder and the candidate. Shareholders may submit nominations to:

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|   | Transocean Ltd.                
 Attention: Corporate Secretary 
 Turmstrasse 30                 
 6312 Steinhausen, Switzerland  |

Transocean 2025 P-32 Proxy Statement

Table of Contnts

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| ​ | AGENDA ITEM 6 |

Unsolicited recommendations must contain all of the information that would be required in a proxy statement soliciting proxies for the election of the candidate as a director. The extent to which the Governance, Safety & Environment Committee dedicates time and resources to the consideration and evaluation of any potential nominee brought to its attention depends on the information available to the Governance, Safety & Environment Committee about the qualifications and suitability of the individual, viewed in light of the needs of the Board of Directors, and is at the Governance, Safety & Environment Committee’s discretion. The Governance, Safety & Environment Committee evaluates the desirability for incumbent directors to continue on the Board of Directors following the expiration of their respective terms, taking into account their contributions as Board members and the benefit that results from the increasing insight and experience developed over a period of time. Although the Governance, Safety & Environment Committee will consider candidates for director recommended by shareholders, it may determine not to recommend that the Board of Directors, and the Board of Directors may determine not to, nominate those candidates for election to the Board of Directors. In addition to recommending director nominees to the Governance, Safety