Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 77

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 77
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 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’s ability to attract, retain and motivate qualified individuals in a system that aligns compensation with the Company’s business performance. PRIMARY RESPONSIBILITIES The authority and responsibilities of the Compensation Committee include, among others, the following: ■Annually review and recommend to the Board of Directors for submission to and ratification by the shareholders pursuant to Swiss law and our Articles of Association the maximum aggregate amount of compensation of the Board of Directors and the Executive Management Team for the period between the annual general meeting at which ratification is sought and the next annual general meeting; ■Annually review and recommend to the Board of Directors for submission to and ratification by the shareholders the maximum aggregate amount of compensation of the Specified Executives and each member of the Board of Directors for the fiscal year commencing after the annual general meeting at which ratification is sought; ■Select appropriate peer groups and market reference points against which the Company’s Board of Directors and executive compensation is compared; ■Annually recommend focus areas for our Chief Executive Officer for approval by members of our Board of Directors who meet our independence and experience requirements; ■Annually review, with participation of our full Board of Directors, our Chief Executive Officer’s performance in light of our