L’Oréal received the Grand Prix of Corporate Governance in two categories
For 17 years, the AGEFI jury has aimed to recognise the best corporate governance practices of companies. Over the years, the Grands Prix of Corporate Governance have become a reference for highlighting best practices in corporate governance. This year, the awards ceremony was held on 21 September at the Westin Paris Vendôme Hotel in the presence of Virginie Morgon, Chairwoman of the Executive Board of Eurazeo and member of the L’Oréal board of directors.
On 25 June this year, L’Oréal launched its new sustainability programme “L’Oréal for the Future”, laying down the Group’s latest set of ambitions for 2030. Alexandra Palt, Executive Vice-President Chief Corporate Responsibility Officer and L’Oréal Foundation, has therefore received the award for “Corporate Social Responsibility”.
As for its governing body, as of 30 June 2020, L’Oréal’s Board members represented seven different nationalities, 58% of Directors are women and 50% are independent Directors. 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.