WORK SCHEDULE OF THE HUMAN RESOURCES AND REMUNERATION COMMITTEE CONCERNING THE REMUNERATION OF THE CORPORATE OFFICER
February 2021
Recommendations regarding the Chairman-CEO’s 2020 compensation:
- evaluation of the 2020 annual variable compensation after review of the non-financial results (reminder: waiver by Mr Agon of the financial objectives of the annual variable financial remuneration in the spirit of solidarity in the context of the health crisis);
- draft Say On Pay ex post resolution.
Defined benefit pension for Mr Agon:
- review of the level of achievement of the performance conditions for 2020.
Review of the regulated agreement relating to the status of Mr Nicolas Hieronimus, Chief Executive Officer as of 1 May 2021
Long-term incentive plans:
- recognition of the performance levels achieved for the expiring 2017 Plan for the Conditional Grants of Shares (ACAs).
Presentation of the 2021 study on the remuneration of corporate officers:
- panel, balance and structure of remuneration, link between performance and remuneration.
Recommendations concerning the 2021 remuneration policy:
- applicable to corporate officers (Chairman-CEO, Chief Executive Officer, Chairman of the Board);
- review of draft resolutions.
April 2021
Report on investor meetings on the remuneration policies for corporate officers
October 2021
Presentation of L’Oréal’s remuneration policy:
- coherence between the systems in place in the company.
Work on the 2021 ACAs Plan:
- proposed award for the Chief Executive Officer.
December 2021
2022 remuneration policy:
- review of issues raised following meetings with investors and proxy advisory agencies;
- consideration of the draft ACAs resolution to be submitted to the 2022 Annual General Meeting.
