欧莱雅（L'ORÉAL）2021年年度报告（英文版）

2021 UNIVERSAL REGISTRATION DOCUMENT Annual Financial ReportIntegrated Report1.1The L’Oréal Group: the fundamentals 61.2Business model: Economic and corporate excellence to create lasting value for all 141.32021 Financial Results and Corporate Social Responsibility commitments 361.4An organisation serving the Group’s development501.5Internal Control and risk management system512.1Framework for the implementation of corporate governance principles542.2Composition of the Board of Directors572.3Organisation and modus operandi of the Board of Directors752.4Remuneration of directors and corporate officers962.5Summary table of therecommendations of the AFEP–MEDEF Code which have not been applied1272.6Summary statement of trading by directors and corporate officers in L’Oréal shares in 2021 1282.7Statutory auditors’ special report on regulated agreements1283.1Definition and objectives of Internal Control1343.2Components of the Internal Control and Risk Management system 1353.3Systems relating