The Board’s debates and decisions are assisted 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 prepare for its work and make proposals but they do not have any decision‑making powers. All the Directors who are members of a Committee participate in Committee meetings with complete freedom of judgement and in the interest of all the shareholders. In 2023, the Committees were once again tasked with preparing the Board’s deliberations. The composition of these Committees, their remits and their work in 2023 are described below.
| Composition | Independence | Number of meetings in 2023 | Attendance (average 96.7%) | Date of appointment to the Committee |
|---|---|---|---|---|
| Mr Jean-Paul Agon (Chairman) | Mr Jean-Paul Agon (Chairman) Independence
|
Mr Jean-Paul Agon (Chairman) Number of meetings in 20235 |
Mr Jean-Paul Agon (Chairman) Attendance (average 96.7%)100% |
Mr Jean-Paul Agon (Chairman) Date of appointment to the Committee2011 |
| Ms Françoise Bettencourt Meyers | Ms Françoise Bettencourt Meyers Independence
|
Ms Françoise Bettencourt Meyers Number of meetings in 202380% |
Ms Françoise Bettencourt Meyers Attendance (average 96.7%)2012 |
|
| Mr Paul Bulcke | Mr Paul Bulcke Independence
|
Mr Paul Bulcke Number of meetings in 2023100% |
Mr Paul Bulcke Attendance (average 96.7%)2017 |
|
| Mr Patrice Caine | Mr Patrice Caine Independence◆ Independence within the meaning of the criteria of the AFEP-MEDEF Code as assessed by the Board of Directors. |
Mr Patrice Caine Number of meetings in 2023100% |
Mr Patrice Caine Attendance (average 96.7%)2020 |
|
| Mr Jean-Victor Meyers | Mr Jean-Victor Meyers Independence
|
Mr Jean-Victor Meyers Number of meetings in 2023100% |
Mr Jean-Victor Meyers Attendance (average 96.7%)2020 |
|
| Mr Alexandre Ricard | Mr Alexandre Ricard Independence◆ Independence within the meaning of the criteria of the AFEP-MEDEF Code as assessed by the Board of Directors. |
Mr Alexandre Ricard Number of meetings in 2023100% |
Mr Alexandre Ricard Attendance (average 96.7%)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.
Ukraine/Russia situation.
