Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 280

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 280
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 the event of early termination of the employment contract of any members of the Executive Office and of the executive officers; • making recommendations to the Board of Directors regarding the content of the Company`s annual report to shareholders or any regulatory filings that relates to compensation matters (including ArcelorMittal`s policy on the compensation of members of the Executive Office and executive officers, individual remuneration details and other terms and conditions); • carrying out an annual performance self-evaluation and a review of the charter of the ARCG Committee including additions to the function of the Committee, as may be

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necessary due to changed circumstances or laws or regulations; • evaluating and proposing improvements for the induction program for newly appointed members of the Board of Directors; • reviewing and, where necessary, proposing changes to the chairmanship or membership of any Board committee; • making recommendations to the Board of Directors with respect to trends in Board of Directors ' remuneration, incentive compensation plans and equity-based incentive plans; • producing a report on executive compensation to be included in ArcelorMittal`s annual report; • identifying candidates qualified to serve as member of the Board of Directors as per the selection criteria and as members of the Executive Office, executive officers and senior managers; • recommending candidates to the Board of Directors for appointment by the general meeting of shareholders or, to the extent permitted by law, for appointment by the Board of Directors to fulfill interim Board vacancies; • developing, monitoring and reviewing corporate governance principles applicable to ArcelorMittal; • facilitating the evaluation that the Board of Directors will make on the topics covered by ARCG Committee; • assessing the independence of the members of the Board of Directors on an annual basis; • reviewing the succession planning and the executive development program for the Executive Office and executive officers; • reviewing relevant Policies and Procedures relating to Compliance and Corporate Governance, as needed; • reviewing employee surveys, as available; and • reviewing the analysis of proxy advisory firms in the context of corporate governance compensation. The ARCG Committee’s principal criteria in determining the compensation of executives is to encourage and reward performance that will lead to long-term enhancement of shareholder value. The ARCG Committee may seek the advice of outside experts. The three members of the ARCG Committee are Mrs. Karyn Ovelmen, Mrs. Clarissa Lins and Mr. Etienne Schneider, each of whom is independent in accordance with the NYSE standards applicable to foreign private issuers and the 10 Principles of Corporate Governance of the Luxembourg Stock Exchange. The Chairwoman of the AR