2024 universal registration document

2024 main activities

Monitoring the process for preparation of financial information

• Review of annual and interim results, including press releases and the balance sheet;
• Analysis of operating profit by Division and Zone;
• Treasury and financing;
• Review of the Statutory Auditors’ Reports on the parent company and consolidated financial statements (including the key points of the audit);
• Review of the Statutory Auditors’ 2024 audit plan and the results of the audits carried out, their recommendations and the follow-up actions taken, as part of the statutory audit of the accounts; and
• Approval of non-audit services.

Internal control, risks and compliance

• Review of the internal control systems implemented (in particular the Vigilance Plan and the Corruption Prevention Plan);
• Summary of the internal control reviews carried out in 2024 by the Statutory Auditors;
• Monitoring Internal Audit activities, including CSR commitments and cybersecurity;
• Updating the Group risk map;
• Review of legal risks and potential litigation and major events that could have a significant impact on L’Oréal’s financial position and its assets and liabilities;
• Monitoring the business plan for major acquisitions, goodwill and impairment;
• Data privacy: monitoring of policies in place and reviewing data governance; and
• Human Rights Policy.

Monitoring the process for compiling sustainability risk information

• Review of the sustainability audit expertise of the Statutory Auditors in order to recommend to the Board the Sustainability Auditors to be put forward for appointment at the 2024 Annual General Meeting;
• Sustainability report: double materiality assessment, milestones, monitoring the data control process for the sustainability report; and
• Climate and Nature Risks: main topics covered by the TNFD and TCFD.