The work and agendas are prepared so as to cover all of the subjects within the Board's remit and to respond to issues raised by the Directors in the annual assessment of the Board's operation.
The Chair of each Committee keeps the Board of Directors consistently informed on the work done by the Committees, and the Board bases its decisions on their recommendations.
2025 main activities
Business activity, results and strategy
- Setting strategic priorities that take social and environmental needs into consideration;
- Systematic review at each meeting of the Group's activities and results (sales generated by Division, by Region, by brand and through e-commerce) and of changes in the cosmetics market, the results of competitors and the Group's relative positioning;
- Analysis of proposed acquisitions (in particular, Color Wow, Medik8, Dr. G and Kering), acquisitions of major shareholdings (Galderma) and disposals (Sanofi);
- Strategic themes reviewed by the Board in 2025, with presentations by the senior executives at L'Oréal responsible for these issues, followed by discussions:
- Luxe Division,
- China,
- Adjacent territories and R&I, including work on longevity,
- United States,
- Retrospective and forward-looking review of M&A strategy,
- One L'Oréal, including the transformation projects,
- CSR (including progress report on the L'Oréal for the Future programme and the decarbonisation strategy),
- Ethics Policy,
- Digital (including AI);
- Annual Strategic Seminar in October 2025 in India.
Corporate governance
Composition of the Board of Directors:
- Work on the Board's proposal put forward at the 29 April 2025 General Meeting to re-appoint Nicolas Hieronimus, Paul Bulcke and Alexandre Ricard as Directors; and
- Proposal for the shareholders at the General Meeting to appoint three new Directors - Aurélie Jean, Isabelle Seillier and Téthys, represented by Alexandre Benais.
Composition of the Committees:
Review of the Committees’ composition (see following pages), with Jacques Ripoll becoming Chairman of the Audit Committee.
Assessment of the operation and organisation of the Board:
- Definition of the strategic topics on which the Board wishes to focus in 2025; and
- Proposals for improvement.
Organisation of an executive session:
- A meeting of Directors in the absence of any executive corporate officers, Directors representing employees or other Group employees;
- As the introduction to the executive session: presentation by Jean-Paul Agon of his report on his activity as Chairman of the Board in 2025 (meeting continued in his absence).
