The Company has in place an Executive Remuneration and Governance and Oversight structure and approval process for determining compensation. Executive remuneration follows the same Total Rewards Program and governance process applied across the organization. It includes a mix of fixed pay, guaranteed allowances, and variable incentives, ensuring competitiveness, fairness, and alignment with Vivant’s strategic goals. The People Function oversees the program and conducts annual market benchmarking, with recommendations reviewed by the People Strategy Committee (PEPSCOM) and endorsed to Corporate Planning and the Board of Directors for budget approval. The Internal Compensation Committee reviews and approves bonus guidelines, performance results, and allocations to ensure consistency with policy, performance outcomes, and company direction.

The Company adopts a Reward Philosophy and Remuneration Structure which emphasizes that rewards are not based solely on short-term financial results. The program also considers individual contribution, business unit performance, leadership effectiveness, behavioral demonstration of core competencies, and sustainable value creation. This ensures that performance management and incentive decisions promote long-term organizational health, employee engagement, and responsible value creation aligned with Vivant’s strategic objectives.