HERMÈS - 2019 Universal Registration Document

3 CORPORATE GOVERNANCE

SUPERVISORY BOARD'S REPORT ON CORPORATE GOVERNANCE

194

THE COMPANY’S CORPORATE GOVERNANCE CODE

3.1

194 194

Corporate governance principles applied

3.1.1

Provisions of the Afep-Medef Corporate Governance Code, updated in January 2020, not applied by virtue of the Company’s legal form or other reasons – newly complied with

3.1.2

194

ORGANISATIONAL STRUCTURE OF HERMÈS INTERNATIONAL AS OF 31 DECEMBER 2019

3.2

196

ADMINISTRATIVE AND MANAGEMENT BODIES

3.3

197 197

Succession plan for senior executives

3.3.1

The Group’s management (role and composition, list of offices

3.3.2

and functions performed)

197 197 198 199

3.3.2.1 3.3.2.2 3.3.2.3 3.3.2.4

The Active Partner and its Executive Management Board

Executive Management

Profile, experience and expertise of the Executive Chairmen Non-discrimination and diversity policy with respect to the balanced representation of women and men in the governing bodies and diversity in the 10% of key management positions

203 205

3.3.2.5

Governing bodies

SUPERVISORY BOARD: COMPOSITION AND CONDITIONS GOVERNING THE PREPARATION AND ORGANISATION OF WORK Succession plan for the Chairman of the Supervisory Board Summary presentation of the members of the Supervisory

3.4

209 209

3.4.1

3.4.2

Board as of 31 December 2019 Composition of the Supervisory Board

209

3.4.3

212 212

3.4.3.1 3.4.3.2

Applicable principles

composition of the Supervisory Board at 31 December

2019

212 215

3.4.3.3

Information on sitting members of the Supervisory Board

Diversity policy applied within the Supervisory Board

3.4.4

236

3.4.4.1

Changes in the composition of the Supervisory Board since

2011

236

3.4.4.2

Number of Supervisory Board members and balanced representation of men and women – Number of employee representatives Selection process for Supervisory Board members

238 238 239 239

3.4.4.3

Independence of the members of the Supervisory Board

3.4.5

3.4.5.1 3.4.5.2

Independence criteria

Situation of each member of the Supervisory Board, as at 31 December 2019, in respect of the above criteria

240

Business ethics of the Supervisory Board

3.4.6

240 240 241 241

3.4.6.1 3.4.6.2 3.4.6.3

Rules of procedure

Stock Market Ethics Code

Attendance

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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