The information in this section relating to the remuneration of L’Oréal’s directors and corporate officers (the Directors, the Chief Executive Officer until 30 April 2021, the Chief Executive Officer and the Chairman of the Board of Directors from 1 May 2021), required by Articles L. 22-10-9 I and L. 22-10-34 I and II of the French Commercial Code, is subject to the approval of the Annual General Meeting of 21 April 2022 during the vote on resolutions nos. 9, 10, 11 and 12.
A total amount of €1,370,989, within the limits of the €1,600,000 budget approved by the Annual General Meeting of 17 April 2018, allocated for financial year 2021, will be paid to the Directors.
The Board of Directors met eight times in 2021 (including one non-remunerated meeting) and 17 meetings of its committees were organised.
The average attendance rates at meetings in 2021 were 95% for the Board of Directors, 100% for the Strategy and
Sustainable Committee, 93% for the Audit Committee, 100% for the Nominations and Governance Committee and 96% for the Human Resources and Remuneration Committee.
It should be noted that neither Mr Jean-Paul Agon nor Mr Nicolas Hieronimus receive any remuneration as a Director.
Neither Mr Jean-Paul Agon nor Mr Nicolas Hieronimus receive any remuneration as a Director of the Group’s companies.
| Directors | Remuneration awarded for 2021 paid in 2022 (in euros) 8 Board meetings (of which 7 paid), 17 Committee meetings | Remuneration awarded for 2020 paid in 2021 (in euros) 8 Board meetings (of which 7 paid), 22 Committee meetings |
|---|---|---|
| Mr Jean-Paul Agon | - | - |
| Mr Nicolas Hieronimus(1) | - | - |
| Ms Ana Sofia Amaral | 87,000 | 87,000 |
| Ms Sophie Bellon | 142,750 | 146,500 |
| Ms Françoise Bettencourt Meyers | 107,000 | 104,300 |
| Mr Paul Bulcke | 107,000 | 113,500 |
| Mr Patrice Caine | 102,000 | 92,250 |
| Ms Fabienne Dulac | 108,250 | 106,250 |
| Ms Belén Garijo | 78,775 | 87,000 |
| Ms Béatrice Guillaume-Grabisch | 94,000 | 94,000 |
| Ms Ilham Kadri | 75,500 | 43,143 |
| Mr Georges Liarokapis | 100,500 | 100,500 |
| Mr Jean-Victor Meyers | 90,250 | 108,000 |
| Mr Nicolas Meyers | 87,750 | 43,143 |
| Ms Virginie Morgon | 125,500 | 129,000 (2) |
| Mr Alexandre Ricard(1) | 64,714 | - |
| TOTAL | 1,370,989 | 1,254,586 |
(1) Directors whose term of office began or ended during the 2021 financial year.
(2) Amount per Board meeting in person, increased to account for intercontinental travel for Directors located outside Europe.
