HERMÈS - 2019 Universal Registration Document

3

CORPORATE GOVERNANCE SUPERVISORY BOARD'S' REPORT ON CORPORATE GOVERNANCE

ORGANISATIONAL STRUCTURE OF HERMÈS INTERNATIONAL

3.2

AS OF 31 DECEMBER 2019

HERMÈS FAMILY GROUP (Details pages 391 et 398)

PUBLIC (Details page 391)

Natural and legal persons (H51, H2 and ÉMILE HERMÈS SARL in particular)

TREASURY SHARES (Détails page 391)

THE ACTIVE PARTNER (Details page 197)

LIMITED PARTNERS (Details page 391)

ÉMILE HERMÈS SARL Executive Chairman and Chairman of the Executive Management Board Mr. Henri-Louis Bauer

Executive Management Board (Role and composition page 197)

HERMÈS INTERNATIONAL

GROUP MANAGEMENT

Executive Management (Role page 198) Mr. Axel Dumas ÉMILE HERMÈS SARL

Supervisory Board (Role and composition page 213) Chairman Mr. Éric de Seynes

Executive Committee (Role and composition page 205)

Operations Committee (Role and composition page 208)

The active partners (Émile Hermès SARL)

The law explicitly prohibits them from any interference in the Company’s external management, for any reason whatsoever, on pain of being liable under the same conditions as the active partners.

In return for unlimited liability, they are involved in the Company’s operations and organisation. They have structuring powers, and notably the approval of decisions of the meeting of limited partners (with the exception of those falling within their own powers), and the appointment or dismissal of the Executive Chairmen.

Powers of the Supervisory Board

The Supervisory Board is an offshoot of the meeting of limited partners. The appointment of members of the Board (except for the employees representatives) is solely that body’s responsibility. The role of the Supervisory Board includes the following aspects: an obligation to audit corporate transactions in a similar way to the s Statutory Auditors: audit of the parent company financial statements and respect for equality between shareholders; a role in controlling the Company’s management. s The law does not confer any other powers on the Supervisory Board. Consequently, it may neither appoint, dismiss nor set the compensation policy of the Executive Chairmen.

Limited partners (shareholders)

In return for liability limited to the amount of their contributions, their prerogatives are limited. Their specific powers consist solely of: approving the parent company financial statements; s appointing the Statutory Auditors; s appointing and dismissing the members of the Supervisory Board. s

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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