EXMAR report 2025

4.1 CORPORATE GOVERNANCE STATEMENT 152 With respect to remuneration, the following items were discussed:  Remuneration package  Remuneration report With respect to the nominations, the following items were discussed:  Composition of the Board of Directors: renewal of mandates of Wouter De Geest, Michel Delbaere and ACACIA I represented by Els Verbraecken, and new mandate of HELIMAR BV represented by Stephanie Saverys for the remainder of the term of the mandate of Stephanie Saverys, who resigned. Evaluation The Board of Directors requires a transparent and flexible tool by which it can measure and review its performance. The Code 2020 and the Corporate Governance Charter foresee this requirement by periodically requesting Board members to complete an evaluation. The Board of Directors, under the guidance of its chairman, first introduced the evaluation process in 2011 which was repeated from time to time. The main objective of the evaluation is to improve the added value of the Board of Directors. It should reinforce the values of the Company, increase efficiency also assists in detecting and proactively dealing with any potential problems. After the evaluation, the feedback given by the members of the Board of Directors may result in fine- tuning the functioning of the Board of Directors and committees. Secretary Mathieu Verly since July 2015. The Secretary ensures that acts of the Board are in accordance with its statutory obligations and its obligations under the Articles of Association. He also ensures compliance with Board procedures. He advises the Board on all governance matters and assists the Chairman of the Board in fulfilling his duties as detailed in the Charter, as well as in the logistics associated with the affairs of the Board (information, agenda, etc.).