EXMAR report 2025

3.4 GOVERNANCE 122 Based on this feedback, material impacts, risks and opportunities (IROs) are discussed during ExCo, ARC and BoD meetings. If more details are required, this is taken up by the CFO with the Head of ESG & Compliance. When needed, the broader ESG Taskforce is also included. However, the final decision-making power lies with the BoD. Input (e.g., risk management elements or financial resources for ESG matters) is therefore provided by ExCo and subsequently endorsed by the BoD. The Executive Committee meets on a weekly basis to keep a close eye on EXMAR’s operations. However, the members of the committee are available on an ad hoc basis when required, depending on the priority of a certain topic. Feedback on material IROs (especially risks) is the responsibility of the Key Risk Officers. They must channel any information related to the implementation of due diligence as well as results and effectiveness of policies, actions, metrics and targets adopted. The BoD meets at least four times a year, receiving the input from the ARC. If required, the BoD can also be convened at the request of at least three directors. The actual number of BoD meetings throughout 2025, is provided in Chapter 4.1 – Corporate Governance Statement.