Loreal 2014 Annual Report Download - page 54

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ADMINISTRATION AND FINANCE
SUPPORTING THE
UNIVERSALISATION STRATEGY
ROLLING OUT TOOLS: The Administration and
Finance division continued the worldwide roll-out
of data processing, analysis, decision-making and
simplification tools, such as COMPASS, the new
business-oriented financial management system
(see page 53). The teams thus supported the
group’s international development and helped it
rise to new challenges.
ACQUISITIONS: In 2014, the Legal and Economic
Affairs departments, and the Finance, Controlling,
Acquisitions and Strategic Prospective teams were
once again called upon to analyse market dynam-
ics and carry out several strategic acquisitions, on
the basis of strict financial, operational and pruden-
tial criteria. They included MAGIC in China, NYX in
the United States and NIELY(1) in Brazil (see pages 16
and 17).
(1) Acquisition currently being finalised.
1,800
SHAREHOLDERS
ATTENDED THE ANNUAL
GENERAL MEETING
IN 2014
45
INTERNAL AUDIT
MISSIONS CONDUCTED
IN 2014
SOME
Building
trust and supporting growth
Working closely with the group’s different entities, the administration,
controlling and finance teams help to build and foster a solid relationship of trust that
is essential for L’Oréal’s sustainable growth.
This trust is based on constant vigilance, fairness, transparency, professionalism
and an ethical approach in our relations with all stakeholders. This year once again,
we strongly contributed to the economic and financial management
of L’Oréal’s businesses, the identification of risks and opportunities,
and the optimisation of resource allocation. The teams also continued to
provide all the entities with standards and best practices.
CHRISTIAN MULLIEZ
EXECUTIVE VICE-PRESIDENT
CHIEF FINANCIAL OFFICER