Transocean Proxy Statement and 2010 Annual Report

In addition, for information required to be disclosed under Swiss law regarding compensation during fiscal
year 2010 of directors and executive officers, in the aggregate, and regarding the security ownership of directors and
executive officers as of December 31, 2010, please refer to the Notes to the Consolidated Financial Statements—
Note 26–Supplemental Disclosures Required by Swiss Law–Compensation and Security Ownership of Board
Members and Executive Officers on page AR-119 of this Annual Report, in conjunction with the Notes to the
Transocean Ltd. standalone statutory financial statements included in this Annual Report—Note 7–Board of
Directors Compensation, Note 8–Executive Management Compensation and Note 9–Share Ownership–Board of
Directors and Executive Management on page SR-8, page SR-11 and page SR-15, respectively, of this Annual
Report.
6. Shareholders’ Participation Rights
6.1 Voting Rights and Limitations to Shareholders' Voting Rights
Each share carries one vote at a general meeting of shareholders. Voting rights may be exercised by
shareholders (including nominees) registered in the Company’s share register or by a duly appointed proxy of a
registered shareholder or nominee, which proxy need not be a shareholder of the Company. Shareholders wishing to
exercise their voting rights who hold their shares through a bank, broker or other nominee must follow the
instructions provided by such bank, broker or other nominee or, absent instructions, contact such bank, broker or
other nominee for instructions. Shareholders holding their shares through a bank, broker or other nominee will not
automatically be registered in the Company's share register. If any such shareholder wishes to be registered in the
Company's share register, such shareholder must contact the bank, broker or other nominee through which it holds
its shares.
There are currently no limitations under our Articles of Association restricting the rights of shareholders to
hold or vote Transocean shares.
6.2 Supermajority Requirements / Quorums
Supermajority Requirements
Pursuant to our Articles of Association, the shareholders generally pass resolutions by the affirmative vote
of a majority of the votes cast at the general meeting of shareholders (not counting broker non-votes, abstentions
and blank or invalid ballots), unless otherwise provided by law (including stock exchange regulations) or our
Articles of Association.
Regarding election of directors by a plurality of the votes cast and Transocean's majority vote policy, refer
to item 3.3.1 of this Report.
The CO and/or our Articles of Association require the affirmative vote of at least two-thirds of the voting
rights and an absolute majority of the par value of the shares, each as represented (in person or by proxy) at a
general meeting of shareholders to approve the following matters:
� the amendment to or the modification of the purpose of the Company;
� the creation or cancellation of shares with privileged voting rights;
� the restriction on the transferability of shares or cancellation thereof;
� the restriction on the exercise of the right to vote or the cancellation thereof;
� an authorized or conditional increase in the share capital;
� an increase in the share capital (1) through the conversion of capital surplus, (2) through a contribution in
kind, or for purposes of an acquisition of assets, or (3) a grant of special privileges;
� the limitation on or withdrawal of preemptive rights;
� a change in the registered office of the Company;
� the conversion of registered shares into bearer shares and vice versa; and
� the dissolution of the Company.
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