The Board’s debates and decisions are supported by the work performed by its Committees, which report to it after each of their meetings. The remits of each Committee are described in detail in the Internal Rules of the Board of Directors. The Board’s Committees act strictly within the framework of the remits given to them by the Board. They actively support the Board and make proposals, but they do not have any decision‑making powers. All Directors who are members of a Committee participate in Committee meetings with complete freedom of judgement and act in the interest of all the shareholders. In 2024, the Committees were again tasked with discussions on behalf of the Board. The composition of these Committees, their remits and their work in 2024 are described below. This information also includes the responsibilities of each Committee regarding sustainability, which are summarised in section 2.3.4.
| Composition as of 31 December 2024 | Independence | Number of meetings in 2024 | Attendance | Date of appointment to the Committee |
|---|---|---|---|---|
| Jean-Paul Agon (Chairman) |
|
6 | 100% | 2011 |
| Françoise Bettencourt Meyers |
|
100% | 2012 | |
| Paul Bulcke | 100% | 2017 | ||
| Patrice Caine |
◆ |
100% | 2020 | |
| Jean-Victor Meyers | 100% | 2020 | ||
| Alexandre Ricard |
◆ |
100% | 2022 |
It is specified that two members are members of the Bettencourt Meyers family and one member is linked to Nestlé.
An update on the latest CSR initiatives is presented at each meeting by L’Oréal’s Chief Corporate Responsibility Officer.
On the recommendation of the Nominations and Governance Committee, the Board of Directors has appointed Ilham Kadri and Téthys as members of the Strategy and Sustainability Committee, effective as of the close of the Annual General Meeting to be held on 29 April 2025(1). Alexandre Ricard will leave the Committee as part of broad-based changes to the composition of all the Committees.
|
Composition as of 29 April 2025. |
Independence | Date of appointment to the Committee |
|---|---|---|
| Jean-Paul Agon (Chairman) | Jean-Paul Agon (Chairman) Independence
|
Jean-Paul Agon (Chairman) Date of appointment to the Committee 2011 |
| Jean-Victor Meyers | Jean-Victor Meyers Independence
|
Jean-Victor Meyers Date of appointment to the Committee 2020 |
| Paul Bulcke | Paul Bulcke Independence
|
Paul Bulcke Date of appointment to the Committee 2017 |
| Patrice Caine | Patrice Caine Independence ◆ |
Patrice Caine Date of appointment to the Committee 2020 |
| Ilham Kadri | Ilham Kadri Independence ◆ |
Ilham Kadri Date of appointment to the Committee 2025 |
| Téthys, represented by Alexandre Benais | Téthys, represented by Alexandre Benais Independence
|
Téthys, represented by Alexandre Benais Date of appointment to the Committee 2025 |
◆ Independence within the meaning of the criteria of the AFEP-MEDEF Code, as assessed by the Board of Directors.
(1) Subject to approval of the appointments and re-appointments submitted to the Annual General Meeting of 29 April 2025.
