Introduction Environment Social Governance Appendix Our Progress See below for a glimpse, or “highlights reel”, of our continued progress in 2022 on environmental, social and governance topics. Governance At our 2022 annual meeting, stockholders approved a board We’ve also adopted a majority voting standard in uncontested proposal to make significant changes to our corporate director elections and evolved our co-CEO compensation governance, including: program for 2023. This includes: a CEO salary cap; performance-based annual cash bonus; and a minimum 50% of ● A phased declassification of our board beginning in 2023. compensation allocated to stock options with one year vesting. From 2025, our entire board will stand for annual elections; In the last year, Netflix executives have met shareholders representing around 51% of our outstanding shares to solicit ● The elimination of supermajority voting provisions in our their feedback. Independent directors participated in a majority articles of incorporation and bylaws; and of these meetings. ● The ability for shareholders to call special meetings. Netflix ESG Report 2022 8
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