Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 80

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 80
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 Company; ■Review and approve the Company’s risk management programs and investment guidelines; ■Make recommendations to the Board of Directors concerning the Company’s dividend policy, securities repurchase actions, the issuance and terms of debt and equity securities and the establishment of bank lines of credit; and ■Review the financial aspects of proposed significant transactions requiring Board approval, such as mergers, acquisitions, divestitures, joint ventures, spin-offs, initial public offerings and strategic investments.

Transocean 2025 P-82 Proxy Statement

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| ​ | BOARD MEETINGS AND COMMITTEES |

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|   | GOVERNANCE, SAFETY & ENVIRONMENT COMMITTEE | Meetings in 2024: 6 |

Effective August 15, 2024, the company’s Organizational Regulations were amended by the Company’s Board of Directors to reflect the combination of the former Health, Safety, Environment & Sustainability Committee and the former Corporate Governance Committee into the Governance, Safety & Environment Committee. The number of committee meetings held indicated above includes two meetings held by each of the former HSES Committee and former Corporate Governance Committee. Prior to the combination, Mr. Intrieri served as the Chair of the Corporate Governance Committee and Messrs. Curado and Dell’Osso were committee members and Mr. Curado was the Chair of the Health, Safety & Environment Committee with Mr. Mohn and Ms. Øvrum serving as members. The below information provides the members of the Governance, Safety & Environment Committee and its primary responsibilities. MEMBERS Frederico F. Curado Domenic J. “Nick” Dell’Osso, Jr. Frederik W. Mohn Margareth Øvrum The purpose of the Governance, Safety & Environment Committee is to carry out the responsibilities delegated by the Board of Directors relating to the Company’s corporate governance matters and health, safety environment and sustainability matters. PRIMARY RESPONSIBILITIES The responsibilities of the Governance, Safety and Environment Committee include, among others, the following: ■Identifying, evaluating and recommending to the Company’s Board of Directors individuals qualified to be nominated and elected to the Board of Directors in accordance with criteria set by the NYSE, SEC and Board of Directors; ■Periodically reviewing the Articles of Association and the Organizational Regulations of the Company and recommending any changes to the Board of Directors; ■Developing and evaluating corporate governance principles and policies applicable to the Company, including our Corporate Governance Guidelines, and recommending any changes to the Board of Directors; ■Assessing and