Committees of the Supervisory Board

The Supervisory Board has appointed from among its members an Audit Committee, Remuneration Committee, Appointment and Governance Committee, Science and Technology Committee, and Sustainability and Safety Committee. The committees’ role is to prepare the decision-making of the Supervisory Board. The charters of the committees are available on Corbion's website.

Audit Committee

As from May 2025, the members of the Audit Committee are Liz Doherty (Chair), William Lin and Abhijit Bhattacharya. In 2025, the Audit Committee met five times in the presence of the external auditor, the CFO, the Head of Finance Control, the Head of Business Control, and the Senior Director Internal Audit. Other heads of departments (e.g., Treasury, Tax, Legal and Compliance, and IT) were invited when the Audit Committee deemed it necessary and appropriate. The Audit Committee also held private individual meetings with the CFO, the Senior Director Internal Audit, and the external auditor, respectively.

The agenda of the Audit Committee meetings covered, among other subjects, annual and half-year results, interim management statements, accounting matters, IFRS changes, sustainability reporting, the Financial statements, annual budget, dividend proposal, internal risk management and control systems, tax matters (including tax control framework), financing, treasury and insurance, pensions, IT, cyber security, status of legal claims and litigations, status of the Business Conduct Program, notifications received under the whistleblower procedure, internal audit plan, the management letter, reports of the internal and external auditors, and the auditor rotation.

The core task of the Audit Committee is to extensively review the financial reports and budget and evaluate the assessment by the Board of Management of the internal risk management and control systems before consideration by the full Supervisory Board. Liz Doherty continued to act as financial expert (as defined in Clause 2.6 of the Charter of the Audit Committee) supported by the newly acceded Abhijit Bhattacharya. The effectiveness of the Audit Committee was reviewed as part of the 2025 overall evaluation of the Supervisory Board, confirming that the Audit Committee continues to function in line with the requirements in this respect.

The Audit Committee closely monitors the independence of the external auditor. It evaluates the performance of the external auditor on a yearly basis and, where appropriate, recommends to the Supervisory Board the replacement of the external auditor. Furthermore, the Audit Committee submits a proposal to the Supervisory Board with respect to the fees for all audit services to be performed by the external auditor as requested by the Board of Management.

Appointment and Governance Committee

The Appointment and Governance Committee plays a critical role in ensuring strong leadership and effective governance across Corbion. Its primary responsibilities include: board composition and succession planning, director appointments and reappointments, governance framework oversight and performance evaluation.

As of the AGM, Ilona Haaijer took over the role of Chair of the Appointment and Governance Committee from Mathieu Vrijsen. Both Abhijit Bhattacharya and Karen-Marie Katholm were added to the Committee, with Dessi Temperley stepping down. The Appointment and Governance Committee met five times in 2025 in the presence of the CHRO and the Company Secretary. The CEO was invited to join parts of these meetings.

Key topics for the year 2025 were the appointments of the CTO and the CISCO as well as the self-evaluation of the Supervisory Board which was conducted with the assistance of an external party and the actions that came out as a result of that, including the monitoring of the actions taken.

Remuneration Committee

The Remuneration Committee is responsible for overseeing the company’s remuneration policies and practices, ensuring they are aligned with the long-term interests of shareholders, regulatory requirements, and the company’s strategic objectives.

As of the AGM, the members of the Remuneration Committee are Abhijit Bhattacharya (Chair), Ilona Haaijer and Karen-Marie Katholm. The Remuneration Committee met five times in person in 2025. All these meetings were held in the presence of the CHRO, the Senior Director Global Reward, and the Company Secretary. The CEO was invited to join parts of these meetings.

As for its key responsibilities, the Remuneration Committee reviewed and recommended the remuneration framework for the Executive Committee, ensuring a balanced approach between fixed and variable components, with a strong link to performance and sustainable value creation. It also reviewed and recommended a retention plan and assessed the performance against targets for the annual Short-Term Incentive Plan (STIP) and the target setting for the STIP of the coming year, and similar for the Long-Term Incentive Plan (LTIP), as well as the progress of the running STIP targets and the targets of the running LTIP programs.

Science and Technology Committee

The Science and Technology Committee supports the Supervisory Board in overseeing the company’s innovation strategy, research and development priorities, and technology-driven initiatives. Its role is to ensure that scientific and technological capabilities remain a key driver of sustainable growth and competitive advantage.

The Science and Technology Committee met three times over the course of 2025 with its members Steen Riisgaard (Chair), Ilona Haaijer, and Karen-Marie Katholm (as per the AGM). They were joined by the CEO and CTO. Other members of the Innovation Centre leadership team joined the meeting on occasion.

This year's particular focus was on portfolio development in the innovation area as well as open innovation. Regular topics for discussion are regulatory affairs updates and updates on specific projects.

Sustainability and Safety Committee

The Sustainability and Safety Committee assists the Board of Management in overseeing the company’s environmental, social, and safety responsibilities. Its mandate is to ensure that sustainability and safety are embedded in the company’s strategy, operations, and culture, in line with stakeholder expectations and regulatory requirements.

The members of the Sustainability and Safety Committee are William Lin (Chair), Liz Doherty, and Steen Riisgaard. The Sustainability and Safety Committee met three times in 2025. The meetings were joined by the CISCO, Head of EHS, and Head of Sustainability.

The agenda of these meetings covered, among other subjects, safety (e.g., performance, key initiatives, and process safety), sustainability (e.g., performance, key initiatives, human rights, and materiality/stakeholder assessment), ESG reporting regulations and frameworks, education on sustainability and reporting developments, and sustainability targets for STIP 2025 and LTIP 2025–2027.