R O B U S T C O R P O R A T E G O V E R N A N C E

THE RIGHTS OF LVMH SHAREHOLDERS ARE PROTECTED BY LAW AND THE PRINCIPLES OF CORPORATE GOVERNANCE

WHICH GOVERN THE WAY THE GROUP OPERATES.

Objectives set in line with the social and environmental issues facing the Group s business

LVMH s Board of Directors is the strategic body of the Company that is primarily responsible for driving long- term value creation and protecting its corporate interests, focusing in particular on the social and environmental issues facing its business.

Role of the Board of Directors in the Company s strategy

The Board of Directors principal assignments are to approve the Company s and the Group s broad strategic direction and supervise its implementation, as well as ver- ifying the fair and accurate presentation of information about the Company and the Group. It is also tasked with protecting the Group s corporate assets and ensuring that core business risks are accounted for in its manage- ment. The Board also ensures that procedures to prevent corruption and influence-peddling are implemented by the Group and its main partners, and monitors the impact of the Group s non-discrimination and diversity policy, notably with regard to gender equality within the governing bodies. Lastly, it acts as guarantor of the rights of all of its shareholders and ensures that they fulfill all of their duties.

Board of Directors work in 2021

In fiscal year 2021, the Board approved the annual and interim parent company and consolidated financial statements, monitored quarterly business activity and heard the reports presented by the Chairmen of its three Committees. It gave its opinion on the Group s strategic direction, its budget, compensation of company officers, the implementation of bonus share plans, and the imple- mentation of the share buyback program. In accordance with the provisions of the AFEP-MEDEF code, the Board of Directors reviewed its own composition, organization and modus operandi. It also (i) approved the targets of the LIFE 360 program adopted by the Group; (ii) made amendments to the Charter of the Board of Directors and the Rules of Procedure of the Nominations & Com- pensation Committee; (iii) appointed a new member to the Performance Audit Committee and the Nominations & Compensation Committee; and (iv) amidst the public health crisis arising from the Covid-19 pandemic, decided to hold the Shareholders Meeting of April 15, 2021 in closed session. Lastly, as provided by law, follow- ing the arrival of the first Director representing the employees appointed by LVMH s Group Works Council, the Board of Directors welcomed a second such Director, appointed by the SE Works Council.

Further information can be found in the 2021 Universal Registration Document.