PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

B O A R D O F D I R E C T O R S

The Pernod Ricard Board of Directors oversees the Group’s governance in an ethical and transparent manner ǁŚŝůĞ ĞŶƐƵƌŝŶŐ ƚŚĂƚ ƚŚĞ ďƵƐŝŶĞƐƐ ŝƐ ŵĂŶĂŐĞĚ ŝŶ ƚŚĞ ďĞƐƚ ŝŶƚĞƌĞƐƚƐ ŽĨ ƚŚĞ 'ƌŽƵƉ ĂŶĚ ŝƚƐ ƐƚĂŬĞŚŽůĚĞƌƐ͘ dŚĞ ŽĂƌĚ ŵĞŵďĞƌƐ͕ ǁŚŽ ďƌŝŶŐ ƚŽŐĞƚŚĞƌ ĐŽŵƉůĞŵĞŶƚĂƌLJ ƐŬŝůůƐ ĂŶĚ ĞdžƉĞƌŝĞŶĐĞ͕ ĞŶƐƵƌĞ ƚŚĂƚ ƚŚĞ 'ƌŽƵƉ ƉƵƌƐƵĞƐ ŝƚƐ ďƵƐŝŶĞƐƐ ƐƚƌĂƚĞŐLJ ǁŝƚŚ ƚŚĞ ƉƌŝŵĂƌLJ ŐŽĂů ŽĨ ŝŶĐƌĞĂƐŝŶŐ ƚŚĞ ǀĂůƵĞ ŽĨ ƚŚĞ 'ƌŽƵƉ͘

FY18 ĂĐƟǀŝƚLJ

KƌŐĂŶŝƐĂƟŽŶ

ŽŵŵŝƩĞĞƐ ŽĨ ƚŚĞ ŽĂƌĚ ŽĨ ŝƌĞĐƚŽƌƐ To assist the Board of Directors in its ĚĞĐŝƐŝŽŶͲŵĂŬŝŶŐ͕ ĨŽƵƌ ƐƉĞĐŝĂůŝƐĞĚ ĐŽŵŵŝƩĞĞƐ ǁŽƌŬ ŽŶ ƐƉĞĐŝĮĐ ƐƵďũĞĐƚƐ ƚŽ ƉƌŽǀŝĚĞ ĂĚǀŝĐĞ ĂŶĚ ƌĞĐŽŵŵĞŶĚĂƟŽŶƐ͘ ƌĞĂƚĞĚ ĂŶĚ ƉƌĞƐŝĚĞĚ ŽǀĞƌ ďLJ ůĞdžĂŶĚƌĞ ZŝĐĂƌĚ ƐŝŶĐĞ ϮϬϭϱ͕ ƚŚĞ ^ƚƌĂƚĞŐŝĐ ŽŵŵŝƩĞĞ ƐƚƵĚŝĞƐ ŬĞLJ ƐƵďũĞĐƚƐ for Pernod Ricard SA and the Group, issues ƌĞĐŽŵŵĞŶĚĂƟŽŶƐ ŽŶ ĂĐƋƵŝƐŝƟŽŶƐ͕ ĚŝǀĞƐƟƚƵƌĞ ĂŶĚ ƉĂƌƚŶĞƌƐŚŝƉ ƉƌŽũĞĐƚƐ ĂŶĚ ĚĞĂůƐ ǁŝƚŚ Ăůů ƐƚƌĂƚĞŐŝĐŵĂƩĞƌƐ ŽĨ ŝŶƚĞƌĞƐƚ ƚŽ ƚŚĞ ŽŵƉĂŶLJ Žƌ ŝƚƐ 'ƌŽƵƉ͘ dŚĞ ƵĚŝƚ ŽŵŵŝƩĞĞ ƌĞǀŝĞǁƐ ƚŚĞ ŚĂůĨͲLJĞĂƌ ĂŶĚ ĂŶŶƵĂů ĚƌĂŌ ĮŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ͕ ŵŽŶŝƚŽƌƐ ƚŚĞ 'ƌŽƵƉΖƐ ĐĂƐŚ ŇŽǁ and debt and assesses the Group's risk management and internal control systems. The Appointments, Governance, ĂŶĚ ^Z ŽŵŵŝƩĞĞ ƐĞůĞĐƚƐ ŶĞǁ ŝƌĞĐƚŽƌƐ ĂŶĚ ƌĞǀŝĞǁƐ ƚŚĞ ĐŽŵƉŽƐŝƟŽŶ ĂŶĚ ŽƉĞƌĂƟŽŶ of the Board, S&R issues and the Group's performance and talent-management policy. >ĂƐƚůLJ͕ ƚŚĞ ZĞŵƵŶĞƌĂƟŽŶ ŽŵŵŝƩĞĞ ĚĞĮŶĞƐ ƚŚĞ ƌĞŵƵŶĞƌĂƟŽŶ ƉŽůŝĐLJ ĨŽƌ ƚŚĞ 'ƌŽƵƉΖƐ džĞĐƵƟǀĞ ŝƌĞĐƚŽƌƐ͕ ƉƌŽƉŽƐĞƐ Ă ŐĞŶĞƌĂů ůŽŶŐͲƚĞƌŵ ƌĞŵƵŶĞƌĂƟŽŶ ƉŽůŝĐLJ ĂŶĚ ŝŵƉůĞŵĞŶƚƐ ĂŶ ĂŶŶƵĂů ƉůĂŶ ĨŽƌ ƚŚĞ ĂůůŽĐĂƟŽŶ ŽĨ ŽƉƟŽŶƐ ĂŶĚƉĞƌĨŽƌŵĂŶĐĞ ƐŚĂƌĞƐ͘

WĞƌŶŽĚ ZŝĐĂƌĚ ĨŽůůŽǁƐ ƚŚĞ & WͲD & ŽĚĞ of Corporate Governance for listed companies and applies the independence criteria established in the Code. The 13 Directors ʹ ŽŶĞ ŽĨ ǁŚŽŵ ƌĞƉƌĞƐĞŶƚƐ 'ƌŽƵƉ ĞŵƉůŽLJĞĞƐ ĂŶĚ Ɛŝdž ŽĨ ǁŚŽŵĂƌĞ ŝŶĚĞƉĞŶĚĞŶƚ͕ ŵĞĞƚ ĞŝŐŚƚ ƟŵĞƐ ƉĞƌ LJĞĂƌ ŽŶ ĂǀĞƌĂŐĞ ĨŽƌ ŵĞĞƟŶŐƐ ƚŚĂƚ are presided by the Chairman of the Board, ǁŚŽ ŝƐ ĂůƐŽ WĞƌŶŽĚ ZŝĐĂƌĚ͛Ɛ ŚŝĞĨ džĞĐƵƟǀĞ KĸĐĞƌ͘ dŚĞ ŽĂƌĚ ŝƐ ĂƐƐŝƐƚĞĚ ŝŶ ŝƚƐ ǁŽƌŬ ďLJ ĨŽƵƌ ƐƉĞĐŝĂůŝƐĞĚ ĐŽŵŵŝƩĞĞƐ ĂŶĚ the Chairman reports on the progress at the ŶŶƵĂů ^ŚĂƌĞŚŽůĚĞƌƐ͛ DĞĞƟŶŐ͘ dŚĞ ŚĂŝƌŵĂŶ ŝƐ ƚĂƐŬĞĚǁŝƚŚ ĞŶƐƵƌŝŶŐ ƚŚĂƚ ƚŚĞ 'ƌŽƵƉ͛Ɛ ďŽĚŝĞƐ ƌƵŶ ƐŵŽŽƚŚůLJ͕ ǁŚŝĐŚ ŝŶĐůƵĚĞƐ ƉƌŽǀŝĚŝŶŐ ƚŚĞ ŝƌĞĐƚŽƌƐ ǁŝƚŚ ƌĞƐŽƵƌĐĞƐ ƚŚĞLJ ŶĞĞĚ ƚŽ ĨƵůĮů ƚŚĞŝƌ ĚƵƟĞƐ͘ /Ŷ ŽƌĚĞƌ ƚŽ ĨƵƌƚŚĞƌ ƌŽŽƚ ŝƚƐ ǁŽƌŬ ŝŶ ƚŚĞ 'ƌŽƵƉ͛Ɛ ĚĂŝůLJ ďƵƐŝŶĞƐƐ ŽƉĞƌĂƟŽŶƐ͕ the Board has access to the in-house social ŶĞƚǁŽƌŬ ĂŶĚ ŚŽůĚƐ ŽŶĞŵĞĞƟŶŐ ƉĞƌ LJĞĂƌ ŝŶ ĂŶ ŽƉĞƌĂƟŶŐ ĂĸůŝĂƚĞ͘

KǀĞƌ ƚŚĞ ĐŽƵƌƐĞ ŽĨ &zϭϴ͕ ƚŚĞ ŽĂƌĚ ŽĨ ŝƌĞĐƚŽƌƐ ŵĞƚ ϴ ƟŵĞƐ͕ ǁŝƚŚ ĂŶ ĂƩĞŶĚĂŶĐĞ rate of 100%. The average length of the ŵĞĞƟŶŐƐ ǁĂƐ ĂƉƉƌŽdžŝŵĂƚĞůLJ ϯ ŚŽƵƌƐ͘ dŚĞŝƌ ŵĂŝŶ ĂĐƟǀŝƟĞƐ ǁĞƌĞ ƚŽ͗ ͻ ĂƉƉƌŽǀĞ ƚŚĞ ŚĂůĨͲLJĞĂƌ ĂŶĚ ĂŶŶƵĂů ĮŶĂŶĐŝĂů statements; ͻ ƌĞǀŝĞǁ ƚŚĞ ďƵĚŐĞƚ͖ ͻ ŽǀĞƌƐĞĞ ƚŚĞ ƉƌĞƉĂƌĂƟŽŶƐ ŽĨ ƚŚĞ ŶŶƵĂů ^ŚĂƌĞŚŽůĚĞƌƐ DĞĞƟŶŐ͖ ͻ ƌĞǀŝĞǁ ĂŶĚ ĂƉƉƌŽǀĞ ƚŚĞ ǁŽƌŬ ŽĨ ƚŚĞ ĨŽƵƌ ƐƉĞĐŝĂůŝƐĞĚ ĐŽŵŵŝƩĞĞƐ͖ ͻ ƌĞǀŝĞǁ ƉƌĞƐĞŶƚĂƟŽŶƐ ŽĨ ƚŚĞ ĂĐƟǀŝƟĞƐ ŽĨ ƚŚĞ ĨƵŶĐƟŽŶĂů ĚĞƉĂƌƚŵĞŶƚƐ ĂŶĚ ĂĸůŝĂƚĞƐ͖ ͻ ƌĞǀŝĞǁ ŝƚƐ ŽǁŶ ĨƵŶĐƟŽŶŝŶŐ ĂŶĚ ƚŚĂƚ ŽĨ ŝƚƐ ĐŽŵŵŝƩĞĞƐ͘

50 % INDEPENDENT DIRECTORS

50 % EKEͳ&Z E , K Z DIRECTORS

42 % FEMALE DIRECTORS

100 % ATTENDANCE RATE

22

PERNOD RICARD REGISTRATION DOCUMENT 2017/2018