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Annual General Meeting

ALL RESOLUTIONS
VOTED UPON WERE ACCEPTED BY LARGE MAJORITIES

ORDINARY RESOLUTIONS

  • Approval of the 2019 parent company financial statements 99.99%
  • Approval of the 2019 consolidated financial statements 99.99%
  • Allocation of the Company’s net income for 2019 and setting of the dividend 99.95%
  • Appointement of Mr Nicolas Meyers as a Director 98.85%
  • Appointement of Ms Ilham Kadri as a Director 94.50%
  • Renewal of Ms Béatrice Guillaume-Grabisch’s term of office as a Director 94.99%
  • Renewal of Mr Jean-Victor Meyers’ term of office as a Director 94.88%
  • Approval of the information on the remuneration
    of each of the corporate officers required by Article
    L. 225-37-3 I of the French Commercial Code 95.86%
  • Approval of the fixed and variable components of the total remuneration
    and benefits of any kind paid during the 2019 financial year or allocated for that year to the Chairman and Chief Executive Officer, Mr Jean-Paul Agon 94.41%
  • Approval of remuneration policy for corporate officers 97.45%
  • Authorisation for the Company to buy back its own shares 99.46%

EXTRAORDINARY RESOLUTIONS

  • Authorisation given to the Board of Directors to reduce the share capital by cancelling the shares acquired by the Company under article L.225-209 of the French Commercial Code 99.82%
  • Authorisation granted to the Board of Directors to carry out free grants of existing shares and/or shares to be issued with cancellation of shareholders’ preferential subscription rights to employees and executive officers 97.46%
  • Delegation of authority to the Board of Directors for the purpose of carrying out a capital increase reserved for employees with cancellation of shareholders’ preferential subscription rights 98.89%
  • Delegation of authority granted to the Board of Directors for the purpose of carrying out a capital increase reserved for categories of beneficiaries consisting of employees of foreign subsidiaries, with cancellation of preferential subscription rights, within the framework of an employee share ownership plan 98.88%
  • Amendment to Article 8 of the Articles of Association on the number of Directors representing the employees 100%
  • Powers for formalities 100%

€3.85
Dividend per share maintained, i.e. €4.23
for registered shares(1)
(1) For shares held continuously in registered form for at least two years.

APPOINTMENT OF TWO NEW DIRECTORS

Nicolas Meyers, son of Françoise Bettencourt Meyers and Jean-Pierre Meyers. His appointment recognises the family’s unstinting loyalty to L’Oréal.
Nicolas brings to the Board of Directors not only his knowledge and deep attachment to the company, but also his keen interest in new technology and his international openness.

Ilham Kadri, Chairwoman of the Executive Committee and CEO of Solvay. A committed scientist with an international career in industry stretching back more than twenty years, Ms Kadri brings to the L’Oréal Board her knowledge of the manufacturing sector, her varied experience acquired in the USA, Europe, the Middle East, Africa and Asia, as well as her strategic, innovation-centric vision.