2 . STRATEGY AND SUSTAINABILITY COMMITTEE Composition Independence Number of meetings in  2021 Attendance (average 100%) Date of appointment to the Committee Mr Jean-Paul Agon (Chairman) 5 100% 2011 Ms Françoise Bettencourt Meyers 100% 2012 Mr Paul Bulcke 100% 2017 Mr Patrice Caine ◆ 100% 2020 Mr Jean-Victor Meyers 100% 2020 ◆ Independence within the meaning of the criteria of the AFEP-MEDEF Code as assessed by the Board of Directors. It is specified that two members belong to the Bettencourt Meyers family and one member is linked to Nestlé. An update on the latest CSR initiatives is presented at each meeting by Ms Alexandra Palt, Chief Corporate Responsibility Officer. REMITS 2021 MAIN ACTIVITIES ● Providing insight, through its analyses, into the strategic orientations submitted to the Board. ● Monitoring the implementation and advancement of significant operations in progress and ensuring that the main financial balances are maintained. ● Examination of the main strategic lines of development, options or projects presented by the General Management, and their economic and financial consequences, opportunities for acquisitions and financial transactions likely to significantly change the balance sheet structure. ● Verification of the integration of the Company’s commitments with regard to Sustainable Development, in  light of the challenges specific to the Group’s business activities and its objectives. ● Examination of the proposed strategic orientations defined by the Board of Directors for consultation of the Central Works Council. ● Analysis of sales, update on business activities, regular report on the consequences of Covid-19. ● Update on changes in the markets and on competition. ● Analysis of the performance of the latest product launches. ● Review of the Group’s strategic development prospects. ● Review of the latest sustainable development initiatives. ● Review of the proposed credit line subject to ESG criteria. ● Review of the main acquisition projects, and follow-up of recent acquisitions. ● Update on the brands. 80 L ’ ORÉAL I UNIVERSAL REGISTRATION DOCUMENT 2021 CORPORATE GOVERNANCE Organisation and modus operandi of the Board of Directors