LOREAL_Registration_Document_2017
2 Corporate governance *
RISK FACTORS AND CONTROL ENVIRONMENT
RISKS TO WHICH THE GROUP BELIEVES IT IS EXPOSED:
Image and reputation
121
Product quality and safety
121
Responsible communication
121
Seasonal nature of business
122
Geographic presence and economic and political environment
122
Distribution network
122
Competition
122
Business risks
Innovation and consumer expectations
123
External growth transactions
123
Risks related to Human Resources management
123
Safety and Security
124
Employee health and safety
124
Information Systems and Data
125
Risk of an Internal Control failure
125
Intellectual property: trademarks, designs & models, domain names
126
Industrial property: patents
126
Legal risks
Regulatory changes
127
Other legal risks and litigation
127
Production and supply chain
128
Industrial and environmental risks
Supplier dependence
128
Environment and safety
128
Counterparty risk
129
Customer risk
129
Liquidity risk
129
Interest rate risk
130
Currency risk
130
Risk relating to the impairment of intangible assets
130
Shareholding risk
131
Financial and market risks
Risk with regard to assets financing employee benefit commitments (plan assets)
131
Risk relating to changes in tax regulations
131
Core commodity risk
131
The Group’s overall insurance policy Integrated worldwide programmes
131 131-132
Insurance
REGISTRATION DOCUMENT / L'ORÉAL 2017
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