Royal Gold, Inc. 2021 ESG Report 20 The Role of Our Board in ESG At the Board level responsibility for ESG oversight is assigned to the CNG Committee, which includes two members who self-identify as having ESG expertise. The figure below provides detail on the members and key responsibilities of the CNG Committee. All members are independent under Nasdaq and SEC rules, including the enhanced independence rules applicable to compensation committee members Key Responsibilities • Oversees our compensation strategy • Reviews and approves the compensation to be paid to executive officers • Recommends to the Board compensation to be paid to our nonemployee directors • Administers our equity incentive plan • Oversees the preparation of our compensation disclosures • Identifies and recommends to the Board director nominees • Advises the Board on corporate governance matters • Reviews our corporate governance policies • Oversees ESG, climate change and other sustainability initiatives • Has authority to retain an independent compensation consultant Ronald Vance Chairman Kevin McArthur Sybil Veenman The CNG Committee meets regularly with our senior management team to review ESG risks and opportunities relating to our business strategy, including as part of our strategy, the setting and monitoring of risk management practices, and management’s progress on company ESG initiatives. This is detailed further in subsequent sections under “Investment Approach” and “Stewardship.”