3.2Corporate Governance

This section gives a broad outline of SBM Offshore’s corporate governance structure by describing the roles of the corporate bodies, the external auditor and of the foundation Stichting Continuïteit SBM Offshore. This section also indicates to what extent SBM Offshore applies the principles and best practice provisions in the Dutch Corporate Governance Code of December 8, 2016 (the Corporate Governance Code). The details on compliance with the Corporate Governance Code can be found on SBM Offshore’s website under ’Rules governing the Supervisory Board’. The full text of the Corporate Governance Code can be found on www.mccg.nl.