2023 universal registration document

2. Corporate governance

SITUATION AT 31 DECEMBER 2023

BREAKDOWN BY AGE

This graph presents the breakdown by age

Breakdown by age

  • From 61 to 70 years old: 37%
  • From 51 to 60 years old: 50%
  • Under 40: 13%

SENIORITY IN OFFICE Excluding Directors representing the employees.

This graph presents the breakdown by seniority in office*

Seniority in office*

  • 12 years and over: 14%
  • From 4 to 12 years old: 57%
  • From 1 to 4 years: 29%

BREAKDOWN BY GENDER Excluding Directors representing the employees.

This graph presents the breakdown by gender*

Breakdown by gender*

  • Men: 50%
  • Women: 50%

QUALIFICATIONS AND PROFESSIONAL EXPERIENCE OF THE DIRECTORS

Skills base and shared expertise

All L’Oréal Directors provide the Board of Directors with:

  • Good judgement
  • Ethics
  • Concern for the interests of the Company
  • Strategic vision
  • A sense of innovation and entrepreneurship
  • International experience
  • Experience in the functioning of governance bodies
Skills related to the strategy and development objectives of L’Oréal

L’Oréal’s Directors complement one another on account of their different professional experience and business undertakings. Their individual skills and expertise cover the areas indicated in the chart below.

With their complementary expertise and freedom of judgement, the Directors collectively ensure that the measures adopted contribute to the implementation of L’Oréal’s strategy.

The topics falling within the remit of the Board of Directors are becoming broader and more complex, with ESG issues forming an integral part of L’Oréal’s strategy and encompassing all sectors of the business. Consequently, it is essential that we continue to rely on competent Directors who are committed to sustainability issues and who, on the basis of the technical support provided by L’Oréal experts, are able to make an active contribution to defining the Group’s strategic vision.

This diagram indicates the skills related to the strategy and development objectives of L’Oréal.

Out of 16 directors at 31/12/2023

  • Knowledge of the cosmetics sector and of L’Oréal: 8
  • Experience of general management: 12
  • International profile: 10
  • Knowledge of consumers: 12
  • Financial expertise: 14
  • Digital/New Technologies/Retail/E-Commerce: 10
  • Industrial expertise/Research and innovation: 8
  • Human resources/social relations: 12
  • ESG: 13