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Committees

EssilorLuxottica’s Governance organization comprises four committees, which support, assist and advise the Group’s Board of Directors on four topics.

The Audit and Risk Committee is in charge of monitoring issues relating to the compilation and audit of accounts and financial information as well as the efficiency of the internal audit and risk management systems. It consists of four members and its chair is held by a Director designated by Delfin.

Its members are:

  • Lucia Morselli (Chairwoman),
  • Romolo Bardin,
  • Annette Messemer, 
  • Olivier Pécoux

 

The Nomination and Compensation Committee consists of four members; the chair of the Committee is held by a Director who was a member of the Board of Directors of Essilor in office as of the date of the Combination Agreement and designated by Essilor.

The main duties of the Appointment and Compensation Committee within the work of the Board of Directors consist of making some proposals relating to (i) the appointment of the Corporate officers and the Company’s senior managers, (ii) the assessment of the way the Board and its committee operate, (iii) assessment of Essilor Governance with respect to the Best practices, prevent any conflict of interest concerning a corporate officers or a Company’s senior managers, (iv) the compensation of the corporate officers or a Company’s senior managers.

Its members are:

  • Olivier Pécoux (Chairman),
  • Romolo Bardin,
  • Bernard Hours, 
  • Gianni Mion

 

The Strategy Committee consists of four members but, unless otherwise determined by a joint decision of the EssilorLuxottica Executive Chairman and the EssilorLuxottica Executive Vice-Chairman, all Board members shall be invited to attend (but not to vote at) its meetings, except for meetings convened to discuss sensitive and significant acquisition projects. Its chair is held by a Director designated by Delfin.

The main duty of the Committee consists of regularly reviewing the overall Group’s strategy, including, but not limited to, acquisition, divestment, products and technology, growth and financial strategy as well as its geographical and marketing strategies, and making recommendations to the Board of Directors in this respect.

This Committee submits proposals to the Board, which approves any major strategic decisions. It works in coordination with the Corporate Social Responsibility Committee which is in charge of monitoring the sustainable development and corporate social responsibility, fully integrated in the strategy.

Its members are:

  • Francesco Milleri (Chairman),
  • Bernard Hours,
  • Gianni Mion,
  • Hubert Sagnières

 

The Corporate Social Responsibility Committee consists of four members.

The Corporate Social Responsibility Committee consists of four members. It is chaired by a Director who was a member of the Board of Directors of Essilor in office as of the date of the Combination Agreement and designated by Essilor. The Committee is responsible for corporate responsibility matters, sustainable development matters and Ethics & Compliance matters.

Its members are:

  • Jeanette Wong (Chairwoman),
  • Giovanni Giallombardo,
  • Hubert Sagnières,
  • Cristina Scocchia