2 . 2.4.2. Remuneration of directors and corporate officers for 2021 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. 2.4.2.1. Remuneration paid during the 2021 financial year or allocated for that year to Directors 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) Amou nt per Board meeting in person, increased to account for intercontinental travel for Directors located outside Europe. 110 L ’ ORÉAL I UNIVERSAL REGISTRATION DOCUMENT 2021 CORPORATE GOVERNANCE Remuneration of directors and corporate officers
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