The Board takes steps to ensure that the Directors come from different backgrounds, and most of them have international experience acquired in groups with a global dimension and complementary skills: entrepreneurial, financial, non-financial (including human resources and sustainable development), manufacturing, digital, etc. The diversity of skills and expertise on the Board (see section 2.2.1.2. “Diversity Policy applied to the Board of Directors: experienced Directors who complement one another”) means that the Board understands rapidly and in detail the development challenges with which L’Oréal is faced, the leader in a highly competitive globalised cosmetics market, in a rapidly changing world.
L’Oréal is attentive to compliance with the principle of balanced gender representation on the Board: 50% of its members are women (excluding Directors representing employees), and three Board Committees out of four are chaired by women.
L’Oréal has built up its business on the basis of strong ethical principles that guide its development and contribute to establishing its reputation: Integrity, Respect, Courage and Transparency.
These principles underpin the Group’s culture and business model and our compliance, responsible innovation, sustainable development, corporate social responsibility, philanthropy, and Human Rights policies, alongside diversity, equity and inclusion.
L’Oréal’s commitments to act ethically and responsibly are set out in L’Oréal’s Code of Ethics. This document is available in 45 languages. It is distributed to all employees. Country Managers (or for Corporate or Zone staff, the members of the Group’s Executive Committee to whom they report) are responsible for ensuring compliance with the Code.
