NYSE: RIG 3.115 0.055 1.8% 10:58 A.M. ET Transocean MENU CORPORATE GOVERNANCE Transocean Ltd. is committed to high standards of corporate ethics and governance. GOVERNANCE STRUCTURE At Transocean, we are committed to upholding high standards of corporate governance and business conduct. Our governance practices and documents are regularly reviewed by our Board of Directors and its Corporate Governance Committee. In this process, new developments and trends in the field of corporate governance are taken into consideration. Please explore our governance structure as reflected in the governance documents below. GOVERNANCE DOCUMENTS Articles of Association Organizational Regulations Corporate Governance Guidelines Code of Integrity FIRST Shared Values Gender Pay Gap Regulations 2017 Gender Pay Gap Regulations 2018 Gender Pay Gap Regulations 2020 HSE Policy Statement Human Rights Policy Statement Mission Statement Modern Slavery Act Statement Quality Policy Statement Sustainability Report Tax Principles Statement COMMITTEE CHARTERS AUDIT Audit Committee The Audit Committee (the "Committee") of the Board of Directors (the "Board") of Transocean Ltd. (the "Company") is appointed by the Board to assist the Board in overseeing (1) the integrity of the financial statements of the Company, (2) the compliance by the Company with legal and regulatory requirements, (3) the independence, qualifications and performance of the Company's independent auditors and (4) the performance of the Company's internal audit function. Consistent with this oversight function, the Committee encourages continuous improvement of and fosters adherence to the Company's policies, procedures and practices at all levels. Download the Audit Committee Charter Committee Membership The Committee shall consist of at least three active members of the Board, each of whom shall be independent directors, as defined by the New York Stock Exchange, the rules and regulations of the Commission and applicable law, and free from any relationship that, in the opinion of the Board, would interfere with the exercise of his or her independent judgment as a member of the Committee. In no event shall an active or retired officer or employee of the Company be a member of the Committee. The members and the chair of the Committee shall be appointed by the Board on the recommendation of the Corporate Governance Committee. Committee members and the chair may only be dismissed by the Board. All members of the Committee shall meet any applicable legal requirements or New York Stock Exchange requirements and shall be financially literate, and at least one member of the Committee shall have accounting or related financial management expertise. Unless otherwise determined by the Board, no member of the Committee shall simultaneously serve on the audit committees of more than two other public companies, as defined by the New York Stock Exchange. Members Vanessa C.L. Chang (Chair) - Financial Expert Glyn A. Barker - Financial Expert Frederik W. Mohn - Financial Expert Diane de Saint Victor - Financial Expert Margareth Ovrum COMPENSATION CORPORATE GOVERNANCE FINANCE HEALTH, SAFETY, ENVIRONMENT & SUSTAINABILITY SHARE CONCERNS Our success depends on our strength as a team and the willingness of each team member to speak up if something does not seem right. To help promote a safe and ethical culture, Transocean encourages all employees and others with whom we do business to share their Code of Integrity-related concerns directly with their supervisors, Human Resources, Internal Audit, Legal or the Chief Compliance Officer. We maintain a 24-hour, third party Legal, Compliance and Ethics hotline that allows anonymous reports. REPORT A CONCERN QUESTIONS RELATED TO CORPORATE GOVERNANCE U.S. Consent Decree Compliance Questions regarding corporate governance? Reach out to Transocean’s Corporate Secretary. EMAIL CORPORATE SECRETARY BACK TO TOP Transocean ABOUT CONTACT ©2021 TRANSOCEAN LTD. LEGAL/PRIVACY NOTICE