2024 main activities
Remuneration of corporate officers
- Analysis of the voting policies of investors and proxy advisors concerning remuneration issues;
- Remuneration of the corporate officers for financial years 2023 and 2024:
- analysis of the Chief Executive Officer's performance in 2023 and recommendation to the Board of Directors on 2023 variable annual remuneration; and
- proposal of the targets and weightings for 2024 for the Chief Executive Officer;
- Remuneration of the corporate officers for financial year 2025:
- review of the remuneration policy applicable to the Chairman of the Board of Directors and to the CEO,
- analysis and proposed changes to the benchmark panel used for setting the Chief Executive Officer's remuneration, and
- reflection about the various components of the Chief Executive Officer's remuneration for 2025;
- Say on Pay: preparation of the draft resolutions to be proposed to the Annual General Meeting of 23 April 2024;
- Review of pay gap ratios; and
- Review of the 2024 General Meeting season.
Remuneration of Directors
- Remuneration of Directors, breakdown for 2024; and
- Proposed changes to the policy and aggregate amount for Directors’ remuneration to be put to the vote of the Annual General Meeting of 29 April 2025.
Related-party agreements
Review of the ongoing regulated agreement relating to Nicolas Hieronimus.
Human Resources policy
- Review of the Simplicity programme dedicated to transforming ways of working, which was introduced Group-wide in 2017 and updated at the beginning of 2023;
- Review of HR IS transformation projects;
- Review of L'Oréal's remuneration and benefits policy, including French and international value-sharing arrangements;
- Review of the policy on diversity and equality in management bodies: presentation of the various levers and results obtained, specifically regarding gender balance in executive management bodies (1) ; and
- Review of L'Oréal's overall employee shareholding scheme, comprising various mechanisms.
Long-Term Incentives (LTI) Policy
- Delivery of LTI plans: recording of performance relating to the ACAs Plan of 2020;
- Review of the draft resolution on the ACAs Plan to be put to the vote of the 2024 Annual General Meeting;
- Preparation of the ACAs Plan for October 2024; and
- Proposed allocation to the Chief Executive Officer for 2024.
Worldwide employee shareholding plan
Review of the fourth Worldwide Plan implemented in 2024 and review of the proposed fifth Worldwide Plan for 2025.
