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Overview

Characterized by diversity, balance and openness, EssilorLuxottica Governance promotes dialogue and associates employees with the Group’s success.

 

The Governance principles reflect the combination between Essilor and Luxottica as set out in the agreement announced on January 16, 2017. This proposed Combination is particularly attractive for the companies and their shareholders because Essilor and Luxottica have significant complementary strengths.

The Combination of Essilor and Luxottica was conceived with one overarching aim: to improve vision around the world by creating the best possible eyewear that protects and corrects each individual’s eyesight while addressing their personal tastes and aspirations. Our conviction that vision improves lives is anchored in the common principles and values of EssilorLuxottica that form the basis of the corporate culture and are shared across the Group; one of its main expressions is the employee shareholding culture which will remain a core feature of EssilorLuxottica. The Governance put in place aims at serving this common purpose shared by Essilor International and Luxottica.  

Shareholders have a crucial role to play in promoting better corporate governance. EssilorLuxottica allows for building a beneficial and stable long term shareholding structure as set out in the Investors section. 

The Group complies with the French Corporate Governance Code of Listed Corporations (Code de gouvernement d’entreprise des sociétés cotées) of the AFEP/ MEDEF, as may be amended from time to time, which is available on the website of the MEDEF.

Group structure after the contribution and expected one after the Exchange Offer: 

After contribution of Delfin shares

After contribution of Delfin shares

After Exchange Offer

After Exchange Offer

Management Of Luxottica And Essilor International 

The EssilorLuxottica Executive Chairman will act as Executive Chairman of Luxottica for as long as he is EssilorLuxottica Executive Chairman (it being specified that the EssilorLuxottica Executive Chairman may designate any other person to act as Executive Chairman of Luxottica) and the EssilorLuxottica Executive Vice-Chairman will act as CEO of Essilor International for as long as he is the EssilorLuxottica Executive Vice-Chairman (it being specified that the EssilorLuxottica Executive Vice-Chairman may designate any other person to act as CEO of Essilor International).

Executive Compensation

Executive Corporate Officer Compensation - October 2018

Download PDF document here

Governance Documentation 

Articles of Association of EssilorLuxottica (As of October 1, 2018)

Rules of Procedure of The Board of Directors (As of October 1, 2018)

The Director's Charter is available in Annex 1 of the Rules of Procedure of the Board of Directors.

Financial publications