7 9.8. MANAGEMENT REPORT CROSS-REFERENCE TABLE In order to review the elements of the Management Report, the following thematic table makes it possible to identify the main information provided for by Articles  L.  225-100 et seq., L. 22-10-35 et L. 22-10-36, L.  232-1 and R. 225-102 et seq. of the French Commercial Code and the specific section of the Annual Report related to the corporate governance pursuant to Articles  L. 225‑37, paragraph 6 et seq., L. 22-10-8 et seq. of the French Commercial Code. Elements of the 2021 Management Report References Pages Group situation and activity on 2021 Situation of the Company during the past fiscal year and objective and exhaustive analysis of the business development, results and financial situation of the Company and the Group, in particular its debt situation, in relation to the volume and complexity of business L. 225-100-1, I-1°, L. 232-1, II, L. 233-6 and L. 233-26 of the French Commercial Code 36-43 Key financial performance indicators L. 225-100-1, I-2° of the French Commercial Code 14-18, 21-22 Key non-financial performance indicators relating to the Company and the Group’s specific activity L. 225-100-1, I-2° of the French Commercial Code 14-18, 20, 47-49, 179-259 Significant events since the beginning of the current fiscal year L. 232-1, II and L. 233-26 of the French Commercial Code 45 Company and Group foreseeable trends and outlooks L. 232-1, II and L. 233-26 of the French Commercial Code 45 Identity of the main shareholders and voting rights holders in the General Meeting, and  modifications during the fiscal year L .233-13 of the French Commercial Code 383-384 Existing branch offices (“ succursales ”) L. 232-1, II of the French Commercial Code 50 Significant acquisitions during the fiscal year of equity interests in companies which  have  their registered office in France Article L. 233-6 paragraph 1 of the French Commercial Code 371 Disposal of cross-shareholdings L. 233-29, L. 233-30 and R. 233-19 of the French Commercial Code N/A Research and Development activities (and operations) L. 232-1, II and L. 233-26 of the French Commercial Code 26-35 Table of Company results over the past five fiscal years R. 225-102 of the French Commercial Code 370 Information on suppliers and customers payment terms D. 441-6 of the French Commercial Code 369 Intragroup loans granted and auditors declaration L. 511-6 and R. 511-2-1-3 of the French Monetary and Financial Code N/A Risks factors, internal control and risk management Description of the main risks and uncertainties faced by the Company L. 225-100-1, I-3° and 4° of the French Commercial Code 158-167 Description of the financial risks related to the effects of climate change and of the measures taken by the Company to reduce them through a low-carbon strategy in all components of its business L. 22-10-35, 1° of the French  Commercial Code 164-165, 178, 188-194, 202- 208, 213-227, 337 Internal control and risk management procedures implemented by the Company and the Groupe, related to preparation and processing of financial and accounting information L. 22-10-35, 2° of the French  Commercial Code 141-142 Information on the objectives and policy regarding the hedging of each main category of transactions and on the exposure to price, credit, liquidity and treasury risks, including the use of financial instruments L. 225-100-1., 4° of the French Commercial Code 326-329 Anti-corruption policy Loi n° 2016-1691 of December 9, 2016 called « Sapin 2 » 254-255 Vigilance Plan and update on its effective implementation L. 225-102-4 of the French Commercial Code 144-157 Corporate governance Information on remuneration Remuneration policy for directors and corporate officers L. 22-10-8, I, paragraph 2 of the French Commercial Code 96-109 Remuneration and benefits of any kind paid during or awarded in respect of the fiscal year to each Director and Corporate Officer L. 22-10-9, I-1° of the French Commercial Code 110-119 Relative proportion of the fixed and variable remuneration L. 22-10-9, I-2° of the French Commercial Code 99 Use of the “claw back” possibility to claim the return of variable remuneration L. 22-10-9, I-3° of the French Commercial Code N/A Commitments of any kind made by the Company for the benefit of its Directors and Corporate Officers, corresponding to elements of remuneration, indemnities or benefits due or  likely to be due as a result of the assumption, termination or change in their duties, or thereafter L. 22-10-9, I-4° of the French Commercial Code 120-124 Remuneration paid or granted by a company included in the scope of consolidation pursuant to Article L. 233-16 of the French Commercial Code L. 22-10-9, I-5° of the French  Commercial Code N/A Remuneration ratios between the remuneration of each Corporate Officer and the average and median remunerations of the Company employees L. 22-10-9, I-6° of the French  Commercial Code 119 L ’ ORÉAL I UNIVERS AL REGISTRATION DOCUMENT 2021 435 APPENDICES Management Report cross-reference table