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LVMH 2024 . Governance

Work done by the Board of Directors in 2024

Governance• Co-optation of a new Director.

• Annual review of the individual situation of each of the Independent Directors and potential conflicts of interest.

• Annual evaluation of the operating procedures of the Board of Directors and its committees.

• Revision of the Rules of Procedure of the Performance Audit Committee and the Governance &

Compensation Committee in order to introduce new provisions concerning their roles with regard to the

Corporate Sustainability Reporting Directive (CSRD).

• Changes to the membership of three committees.

• Overhaul of the Rules of Procedure of the Governance & Compensation Committee and the Ethics &

Sustainable Development Committee to better reflect their new roles as the Compensation Committee

and the Sustainability & Governance Committee, respectively. Amendment of the Rules of Procedure of the

Performance Audit Committee to bring them in line with other documents.

Compensation /

Employee

shareholding

• Determining the compensation of senior executive officers.

• Setting up bonus share plans.

• Launching the first employee share ownership plan, LVMH Shares.

Strategy• Decisions related to the Group’s overall strategic direction, taking social and environmental issues into

consideration.

• Review of plans and strategic objectives.

Finance• Approval of the annual and interim parent company and consolidated financial statements.

• Distribution of an interim dividend.

• Review of quarterly business activity.

• Review of the budget.

• Use of the authorization to buy back shares and renewal of the authorization to give sureties, collateral and

guarantees to third parties and to issue bonds.

• Reduction of the Company’s share capital by retiring treasury shares and corresponding amendment to the Bylaws.

• Review of the Group’s policy to protect against the impact of future economic and financial developments.

CSR• Information about new non-financial reporting obligations arising from the Corporate Sustainability Reporting

Directive (CSRD).

Environment and sustainability

• Presentation to the Board of mapping and analysis of the Group’s environmental risks.

• Information about the Group’s environmental footprint.

• Information about key actions implemented, initiatives pursued and results achieved in 2024 within the

Group’s Divisions in relation to each of the four pillars of the LIFE 360 program.

Ethics and compliance  

• Presentation to the Board of the Group’s new ethical framework (LVMH Code of Conduct and Business

Partner & Supplier Code of Conduct updated in 2024, new charters: Anti-Corruption Charter and Responsible

Lobbying Charter).

• Information about the Group’s policy on compliance with international sanctions and anti-money laundering

measures.

• Information about the Group’s whistleblowing system.

Duty of vigilance 

• Information about the measures adopted within the Group to reinforce the methodology for identifying

and managing risks in particular the definition of a new mapping of the gross risks associated with the

Groups various value chains and the work underway to continue this analysis as part of a continuous

improvement approach

Information on the strengthening of the vigilance plan published by the Group