Introduction Environment Social Governance Appendix Corporate Governance Enterprise Risk IP Protection & Data Piracy Ethics and Compliance Governance Structure One share, one vote: We have a single class of shares with each share entitled to one vote. Streaming is now an established business, Netflix is self-funding and expects sustained positive free cash flow, and we’ve Majority voting standard: We have a majority voting standard in substantially scaled our revenues, operating profit and margins. As uncontested director elections. Any incumbent director who fails to such, we have recently evolved to a more standard large-cap receive a majority of votes cast in an uncontested election must tender governance structure. At our 2022 annual meeting, the Netflix their resignation to the board. The Nominating and Governance Board proposed and stockholders approved significant changes to Committee would then make a recommendation to the board about our corporate governance structure. We implemented a phased-in whether to accept or reject the resignation or take other action. declassification of our board, with directors elected at this year’s annual meeting serving one-year terms and the entire board Annual director elections (fully declassified by 2025): We have standing for annual elections beginning in 2025 and beyond. We phased-in the declassification of our board with directors elected at also eliminated supermajority voting provisions in our Amended this year’s annual meeting serving one-year terms and the entire and Restated Articles of Incorporation (the “Charter”) and our board standing for annual elections beginning in 2025 and beyond. Amended and Restated Bylaws (the “Bylaws”), provided shareholders with the ability to call special meetings, and adopted Elimination of supermajority voting: We eliminated supermajority a majority voting standard in uncontested director elections. We voting provisions in our Charter and Bylaws. also adopted a market standard director resignation policy. Here is a summary of our corporate governance best practices and Proxy Access: A group of up to 20 stockholders, owning at least stockholder rights: 3% of shares continuously for at least three years may nominate up to two directors or 20% of the Board (whichever is greater) for inclusion in our proxy statement. Stockholder right to call a special meeting: Stockholders holding a not less than 20% net-long position in the Company continuously for at least one year may call a special meeting. Netflix ESG Report 2022 58