GOVERNANCE NOMINATION COMMITTEE REPORT S Nomination Committee Report DEAR SHAREHOLDER TR On behalf of the Nomination Committee I am pleased to present the A Committee’s Report for the year ended 31 December 2023. The TE G I Report details the role of the Committee and describes how the C Committee has carried out its responsibilities during the year. R E P O BOARD COMPOSITION AND APPOINTMENTS R During the year, the Committee oversaw the process for the T appointment of Jean Tomlin as an Independent Non-executive Director. Jean has also joined the Nomination Committee and I know G that given Jean’s HR background, she will be a very valuable addition O to the Committee. VE R NAN The Committee has carefully monitored the composition of the Board C as it has evolved over the year and debated the impact that the E additional two Shareholder Representative Director appointments has on the overall independence of the Board. The Committee F concluded that meeting the independence requirements of the UK I Corporate Governance Code needed to be balanced with not NAN increasing the Board to such a size that could become unwieldy and C IAL LAWRENCE hinder effective debate and decision making. The Board does not therefore currently meet the independence requirements of the Code. S T STROLL However, the Committee is satisfied that the Shareholder A T CHAIR, NOMINATION COMMITTEE Representatives act independently of one another and of management E M and the powers of decision making are unfettered. E N T DIVERSITY S 2023 OVERVIEW The Board remains committed to increasing and maintaining diversity F in the broadest sense, not just gender and ethnicity but also experience, U – Assessment of composition and independence of the Board R skills and professional background and on this basis our Board is very T – Appointment of Jean Tomlin as Independent Non-executive H diverse. This is important as diversity at Board level sets the tone for E Director and member of Nomination Committee R – Appointment of Sir Nigel Boardman as Senior Independent diversity throughout the business. Diversity brings new ideas and INF Director and member of Sustainability Committee fresh perspectives and will position us to achieve our strategy and – Appointment of Marigay McKee to Nomination Committee long-term growth. OR M A In terms of gender diversity, our Board Diversity Policy reflects the T I Nomination Committee membership unique composition of our Board and sets the Company’s target to ON Committee members Meeting attendance achieve and maintain at least 40% of members of the Board who are Lawrence Stroll (Chair) 5/5 Sir Nigel Boardman 5/5 not Shareholder Representatives as female. Currently 50% of our Robin Freestone 5/5 Board, excluding Shareholder Representatives, are female which is Marigay McKee 3/3 above our target. 27% of the whole Board (Executive Directors, Jean Tomlin 1/1 Shareholder Representatives Directors and Independent Directors) Anne Stevens 5/5 are female. Franz Reiner 5/5 Scott Robertson 5/5 The Board recognises that the gender balance across the leadership 1 positions in the Company remains an area for further improvement, Daniel Li 0/2 and the Company has set itself a target that at least 30% of leadership positions will be occupied by women by 2030. LOOKING AHEAD In 2024, the Committee will continue to focus on succession planning for the executive and senior management positions together with promoting diversity of the senior management in the Company and the Board. I look forward to reporting on our further progress in 2024. LAWRENCE STROLL CHAIR, NOMINATION COMMITTEE 1 Daniel Li was unable to attend due to pre-existing commitments having only 27 February 2024 joined the Board in July 2023 ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 94