HERMÈS - 2019 Universal Registration Document

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CORPORATE GOVERNANCE SUPERVISORY BOARD'S' REPORT ON CORPORATE GOVERNANCE

SPECIFIC PRINCIPLES APPLICABLE TO THE COMPENSATION POLICY FOR MEMBERS OF THE SUPERVISORY

3.5.1.3

BOARD (NON-EXECUTIVE CORPORATE OFFICERS)

Decision-making process followed for its determination, review and implementation, applicable from the General Meeting of 24 April 2020.

COMPENSATION POLICY FOR MEMBERS OF THE SUPERVISORY BOARD

ACTUAL COMPENSATION OF MEMBERS OF THE SUPERVISORY BOARD

Supervisory Board

Ordinary General Meeting Determination of the maximum annual total amount

CAG-CSR Committee Actual compensation compliance check

Supervisory Board Actual allocation of compensation

Establishment of a compensation policy

« Ex-post » vote on actual compensation Ordinary General Meeting

Ordinary General Meeting « Ex-ante » vote on compensation policy

Decision-making process relating to the actual compensation of members of the Supervisory Board The actual annual amount of compensation paid to the members of the Supervisory Board is determined by the Supervisory Board at the start of the year in respect of the previous year by applying the compensation policy and taking into account the individual attendance of each member during the previous financial year. The Supervisory Board’s CAG-CSR Committee checks that the actual compensation of Supervisory Board members complies with the total amount set by the General Meeting and the compensation policy for the members of the Supervisory Board. The actual overall compensation of the Corporate Officers (including that of Supervisory Board members) and the actual individual compensation of the Chairman of the Supervisory Board will be submitted each year from 2020 to the approval of the Ordinary General Meeting (ex-post vote).

Decision-making process relating to the compensation policy for members of the Supervisory Board The General Meeting sets the maximum annual total amount of compensation for the Supervisory Board.The components of the compensation policy for Supervisory Board members are established by the Supervisory Board. The compensation policy for members of the Supervisory Board will be submitted to the Ordinary General Meeting for approval each year from 2020 (ex-ante vote).

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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