Introduction Environment Social Governance Appendix Corporate Governance Enterprise Risk IP Protection & Data Piracy Ethics and Compliance Board Oversight THE BOARD The board as a whole oversees matters related The board’s role in our risk oversight process includes reviewing to enterprise, strategic, operational, financial and and discussing with members of management areas of material legal risk and the company’s ESG efforts. risk to the company, including overall enterprise, strategic, operational, financial and legal risks. The board oversees the company’s ESG efforts, which includes human capital management, inclusion, diversity, sustainability and other matters. The board also oversees succession planning. The board receives regular updates from management typically in the form of an NOMINATING AND AUDIT COMPENSATION interactive memo, where directors ask questions to management, GOVERNANCE COMMITTEE COMMITTEE and further discuss matters at meetings. Each of the committees COMMITTEE Oversees matters of Oversees risks related oversee various ESG matters, depending on the specific issues. Primary committee financial and legal to compensation issues Committees report to the full board regarding their respective responsible for board risk, including considerations and actions. structure, governance and cybersecurity risk director independence, as well as assisting the board in overseeing ESG matters COMPANY MANAGEMENT The executive team, led by our co-Chief Executive Officers, supervises day-to-day risk management processes, including identifying, assessing, monitoring, managing and mitigating significant business risks. Company management reports to the board on an annual basis, or more frequently if needed, top areas of risk. Netflix ESG Report 2022 57