Governance2014-03-07 05:35 PM
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The priority objectives of the Board of Directors, the strategic body of LVMH, are to increase the value of the company and defend its social interest. Its principal missions are to adopt the major strategies of the company and the Group, monitor the implementation of those strategies, verify the fair and accurate presentation of information about the company and the Group, and protect its corporate assets.
The Board of Directors of LVMH Moët Hennessy-Louis Vuitton guarantees respect for the rights of each shareholder of its company and ensures that they respect all their duties.
As part of its mission, it supports the major goal of the LVMH management which remains, as always, to ensure the continued growth of the Group and the continuing enhancement of shareholder value. The reference for the Company is the AFEP-MEDEF “Corporate Governance Code for Traded Companies”. This code can be consulted on the website www.code-afep-medef.com.
The Board of Directors has adopted a Charter that spells out the membership, mission, operations and responsibilities of the Board.