25 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices Corporate governance Our approach Royal Gold is committed to leading corporate governance practices that promote the long-term interests of our shareholders; creating strong oversight models with the Board of Directors (“the Board”); enhancing the accountability of management; fostering strong and open relationships with our Operators, employees and other stakeholders; and building public trust in our Company. Oversight of the management team is provided by our highly capable and independent Board, consisting of individuals with diverse skills and experience that align with our business strategy. Our Directors offer valuable perspectives that promote the best interests of Royal Gold and our stakeholders. Our management team has significant industry and Company- specific experience and is responsible for implementing our policies and practices to enhance our corporate culture, which includes a human capital management strategy built on attracting, developing and retaining a talented and diverse workforce. A significant portion of our Board’s oversight responsibility is carried out through its standing committees. Several Board members have experience in various aspects of ESG and apply this perspective to their oversight responsibilities. This background allows for the alignment of our ESG practices with the interests of Royal Gold, its shareholders and other stakeholders. The responsibilities of our Board and Board-level subcommittees are graphically shown in the figure below. Additional information on our Board and its committees can be found on our website . Our management team has significant industry and Company-specific experience and is responsible for ensuring that our policies and practices drive our defined corporate culture AUDIT AND FINANCE COMMITTEE - Integrity of financial statements - Internal controls - Disclosure controls and procedures - Accounting compliance - Cybersecurity - Compliance program - Capital structure and allocation COMPENSATION, NOMINATING AND GOVERNANCE COMMITTEE MANAGEMENT Our management administers, reviews and updates our enterprise risk management program and provides quarterly reviews to our Board BOARD OF DIRECTORS Our Board oversees enterprise-level risk, including risks associated with ESG and other areas of business strategy and operations - Regulatory - Board organization and membership - ESG and sustainability - Diversity - Succession planning - Management development - Executive compensation and retention