LVMH: Corporate Structure and Business Plan
GOVERNANCE STRUCTURE
The Board of Directors is the strategy body of LVMH Moët
Hennessy - Louis Vuitton SA. The competence, integrity and responsibility of its members, clear and fair decisions reached collectively, and effective and secure controls are the ethical principles that govern the Board.
The key priorities pursued by LVMH’s Board of Directors are enterprise value creation and the defense of the Company’s interests.
LVMH’s Board of Directors acts as guarantor of the rights of each of its shareholders and ensures that shareholders fulfill all of their duties.
The Company adheres to the Code of Corporate Governance for
Listed Companies published by AFEP and MEDEF.
The Board of Directors shall have a maximum of 18 members, a third of whom at least are appointed from among prominent independent persons with no interests in the Company
The number of Directors or permanent representatives of legal entities from outside companies, shall be limited to four.
Apart from the selection of the Company’s management structure and the appointment of the Chairman of the Board of
Directors, Chief Executive Officer and Group Managing
Director(s), the principal missions of the Board of Directors are to:
- ensure that the Company’s interests and assets are protected;
- define the broad strategic orientations of the Company and the
Group and ensure that their implementation is monitored;
- approve the Company’s annual and half-yearly financial statements; - review the essential characteristics of the internal control and risk management systems adopted and implemented by the
Company;
- ensure that major risks to which the Company is exposed are in keeping with its strategies and its objectives, and that they are taken into account in the management of the Company;
- verify the quality, reliability and fairness of the information provided to shareholders concerning the Company and the
Group, in particular to ensure that the management
structure
The Board of Directors is the strategy body of LVMH Moët
Hennessy - Louis Vuitton SA. The competence, integrity and responsibility of its members, clear and fair decisions reached collectively, and effective and secure controls are the ethical principles that govern the Board.
The key priorities pursued by LVMH’s Board of Directors are enterprise value creation and the defense of the Company’s interests.
LVMH’s Board of Directors acts as guarantor of the rights of each of its shareholders and ensures that shareholders fulfill all of their duties.
The Company adheres to the Code of Corporate Governance for
Listed Companies published by AFEP and MEDEF.
The Board of Directors shall have a maximum of 18 members, a third of whom at least are appointed from among prominent independent persons with no interests in the Company
The number of Directors or permanent representatives of legal entities from outside companies, shall be limited to four.
Apart from the selection of the Company’s management structure and the appointment of the Chairman of the Board of
Directors, Chief Executive Officer and Group Managing
Director(s), the principal missions of the Board of Directors are to:
- ensure that the Company’s interests and assets are protected;
- define the broad strategic orientations of the Company and the
Group and ensure that their implementation is monitored;
- approve the Company’s annual and half-yearly financial statements; - review the essential characteristics of the internal control and risk management systems adopted and implemented by the
Company;
- ensure that major risks to which the Company is exposed are in keeping with its strategies and its objectives, and that they are taken into account in the management of the Company;
- verify the quality, reliability and fairness of the information provided to shareholders concerning the Company and the
Group, in particular to ensure that the management
structure