COVID-19 Response and Copper's Role

Corporate Governance Strong Board oversight and governance practices FREEPORT FOREMOST IN COPPER Highly Independent and Engaged Board: • • Active Board oversight of risks Board has four standing committees composed of independent directors Corporate Responsibility Committee is responsible for providing oversight on ESG matters Over 90% attendance at Board and Committee meetings by all current directors in 2019 Annual Board and Committee performance evaluations Demonstrated Board refreshment and diversity • Strong Governance Practices: Majority voting for directors Annually elect directors Non-Executive Chairman of the Board Stock ownership guidelines for directors and executives Robust shareholder engagement program with participation by independent directors Shareholder Rights: Shareholder right to call special meetings (15%) Shareholder right to act by written consent Shareholder proxy access 23

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