Highly committed, independent, balanced in its composition and enriched with the diversity of its members, the Board of Directors determines the Company’s strategic orientations, ensuring and monitoring their implementation and overseeing the good management thereof.
The composition of the Board of Directors reflects L’Oréal’s unique shareholding structure and guarantees the interests of all its shareholders. The Board of Directors consists of 14 members:
- the Chairman and Chief Executive Officer,
- 3 Directors from the Bettencourt Meyers family,
- 2 Directors from the Nestlé company,
- 6 independent Directors,
- 2 Directors representing the employees.
As of 30 June 2020, the Board members represented seven different nationalities, 58% of Directors are women and 50% are independent Directors.
The diversity and complementarity of the Directors’ industrial, entrepreneurial, financial and extra-financial expertise mean they are equipped to participate actively and regularly in the works of the Board and its 4 specialised committees: the Strategy and Sustainable Development Committee, the Audit Committee, the Human Resources and Remuneration Committee, and the Appointments and Governance Committee.
The Directors are committed and proactive, driven by the conviction that stringent governance creates value for the company. They always keep the company’s long-term interests first in mind as they voice their opinions, taking into account social and environmental stakes in their decisions.
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