HERMÈS - 2019 Universal Registration Document

3

CORPORATE GOVERNANCE

3.4.6.4

Conflicts of interest – Business relationships – Service

contracts with benefits

241 242

3.4.6.5 3.4.6.6

Plurality and number of offices

Number of shares to be held by members of the

Supervisory Board

242

Functioning of the Supervisory Board

3.4.7

242 242

3.4.7.1 3.4.7.2

Role of the Supervisory Board

Duties of the Chairman of the Supervisory Board and activity report – Communication with shareholders

243 243 243 244 244 244 244 244 244 245 245 245 246 246 246 246 247 248 248 248 249 249 249 249 251

3.4.7.3 3.4.7.4 3.4.7.5 3.4.7.6

Supervisory Board’s master file Supervisory Board meetings

The “Herboard” collaborative platform

Training for Supervisory Board members – Integration

programme

3.4.7.7 3.4.7.8

Expense reimbursements

Compensation of the members of the Supervisory Board

Activity of the Supervisory Board

3.4.8

3.4.8.1 3.4.8.2 3.4.8.3 3.4.8.4 3.4.8.5 3.4.8.6 3.4.9.1 3.4.9.2 3.4.9.3 3.4.9.4 3.4.9.5 3.4.9.6 3.4.9.7

Group activity and finance

Recommendations, authorisations and other items Governance – Appointments – Compensation Ethics and compliance – Personal data protection

Corporate social responsibility – CSR Major annual topics – Site visits

Evaluation of the Supervisory Board and committees

3.4.9

Methodology

Key points of the formal evaluation in 2019

Areas of improvement identified following the formal

evaluation in 2019

Other areas for improvement identified Change since the last evaluation evaluation of the CAG-CSR Committee Evaluation of the Audit and Risk Committee

Specialised committees

3.4.10

CAG-CSR Committee 3.4.10.1 Audit and Risk Committee 3.4.10.2

COMPENSATION AND BENEFITS PAID TO

3.5

CORPORATE OFFICERS

254

Compensation policy for the Executive Chairmen (Executive Corporate Officers) and members of the Supervisory Board (non-Executive Corporate Officers) Compensation policy guidelines for Corporate Officers Specific compensation policy guidelines for Executive 3.5.1.1 3.5.1.2

3.5.1

254 255

Chairmen (Executive Corporate Officers)

257

3.5.1.3

Specific principles applicable to the compensation policy for members of the Supervisory Board (non-Executive Corporate Officers)

262

Overview of compensation and benefits of all kinds

3.5.2

for Corporate Officers

264

3.5.2.1

Compensation paid to the Executive Chairmen in the course of or allocated in respect of 2019 (Executive Corporate Officers) (Article L. 226-8-2 of the French Commercial Code) Compensation paid to the chairman of the supervisory board in the course of or allocated in respect of 2019 Ratios and annual change in compensation, the performance of the Company, the average compensation of employees and ratios (Article L. 225-37.3 – 6 and 7 of the French Commercial Code (Code de commerce)

264

3.5.2.2

266

3.5.2.3

266

Compensation of the Supervisory Board, Audit and Risk Committee and CAG-CSR Committee allocated in 2020 for 2019

3.5.3

268

Allocation of free shares and stock options

3.5.4

268 268 268 269 269

3.5.4.1 3.5.4.2 3.5.4.3 3.5.4.4

General free share and stock option allocation policies

Free share allocation plans in effect

Stock purchase options Stock subscription options

Tables required by the Afep-Medef Code for the presentation

3.5.5

of certain components of compensation

269

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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