L'Oréal - 2018 Registration Document

Corporate Governance COMPOSITION OF THE BOARD OF DIRECTORS

SUMMARY OF RESULTS OBTAINED DURING THE 2018 FINANCIAL YEAR

BREAKDOWN BY AGE

SENIORITY IN OFFICE

BREAKDOWN OF MEN/WOMEN

27 % 60 to 70 years 13 % Over 70 years

27 % 12 years and more

46 % Women

2

33 % 50 to 60 years

33 % 4 to 12 years

7 % Under 40 years 20 % 40 to 50 years

40 % 1 to 4 years

54 % Men

QUALIFICATIONS AND PROFESSIONAL EXPERIENCE OF L'ORÉAL DIRECTORS

Skills base and shared expertise All L’Oréal Directors provide the Board of Directors with:

Good judgement s Ethics s Concern for the interests of the Company s Strategic vision s

A sense of innovation and entrepreneurship s International experience s Experience of the functioning of Governance bodies s

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 following fields related to L’Oréal’s strategy:

Knowledge of cosmetic industry and of L’Oréal General management experience in international companies Knowledge of consumers Financial expertise Digital/New technologies/e-commerce/Retail Industrial expertise/Research/Innovation HR, labour relations, sustainable development, societal commitment

8 Directors

10 Directors

9 Directors

10 Directors

8 Directors

7 Directors

12 Directors

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

Two Directors representing

2.2.1.3

Ms Ana Sofia Amaral was appointed by the Instance Européenne de Dialogue Social /European Works Council (IEDS/EWC). She holds the duties of Scientific and Technical Affairs Director for L’Oréal Portugal. Mr Georges Liarokapis was appointed by the CFE-CGC, the most representative trade union in L’Oréal for France. He holds the duties of Coordinator of Sustainability for L’Oréal Western Europe. Both were appointed in 2014 and again in 2018 for a second 4-year term. They both resigned from their duties as employee representatives before joining the Board of Directors in 2014.

the employees since July 2014 Two Directors representing the employees are members of the Board of Directors and of two of its Committees. With the particular looking glass related to their wide knowledge of the Company, they provide further insight that enriches the quality of the Board’s debates and decisions and those of the Committees of which they are members.

REGISTRATION DOCUMENT / L'ORÉAL 2018

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