Business activity, results and strategy
- Oversight of the Group’s economic and financial management;
- Definition of the strategic orientations taking social and environmental needs into consideration;
- Systematic review at each meeting of the Group’s activities and results (net sales generated by division, by geographic zone, by brand and via e-commerce) and of variations in the cosmetics market, the results of competitors and the Group’s relative positioning;
- Analysis of proposed acquisitions, including the decision to acquire Aēsop, a beauty brand that will strengthen the Luxe Division;
- Decision on the proposed partial contributions of assets to be submitted to the Annual General Meeting of 21 April 2023 as part of a plan to spin off certain of the Company’s operating activities in order to give them autonomy (L’Oréal France; L’Oréal International Distribution, see paragraph 1.3.4.);
- Strategic themes reviewed by the Board in 2023, with presentations by the senior managers of L’Oréal responsible for these issues, followed by discussions:
- CSR (including progress on the L’Oréal for the Future programme; the challenge of sustainable and responsible digital),
- Ethics policy,
- Operations (including supply chain developments and risks),
- Human Resources policy,
- Digital (including artificial intelligence),
- United States (market, results, challenges and outlook);
- Issues addressed at the annual Strategic Board meeting in June 2023, with presentations by external experts and L’Oréal senior managers responsible for these issues, followed by discussions:
- Geopolitical/geostrategic context over the next 10 years (external speaker),
- China (external speaker),
- South East Asia (external speaker),
- Emerging markets (SAPMENA zone, Latin America),
- Challenges of the metaverse,
- Proposed transformations of the organisation, presentation followed by a session for Directors to discuss and share their experiences on this topic.
