HERMÈS - 2019 Universal Registration Document

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CORPORATE GOVERNANCE SUPERVISORY BOARD'S' REPORT ON CORPORATE GOVERNANCE

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)

Mr Frédéric Afriat (Chief Accountant of Comptoir Nouveau de la Parfumerie, Hermès Parfums), employee representative on the Supervisory Board until 12 November 2019, Ms Pureza Cardoso (Craftsman – Maroquinerie de Sayat) and Mr Rémy Kroll (Director of Exceptional Sales – Hermès Commercial division), employee representatives on the Supervisory Board since 12 November 2019, have employment contracts with the Hermès Group, and as such receive compensation that has not been granted for the performance of their duties. Consequently, and for reasons of confidentiality, their salaries are not disclosed. Stock options No stock options were granted to Supervisory Board members in 2019, nor were any such options exercised by them. Allocation of free shares No free shares were awarded to members of the Supervisory Board in 2019, , other than to members representing the employees, who were awarded free shares under plans reserved for Group employees. In accordance with the provisions of Order 2019-1234 of 27 November 2019, the corporate governance report must present all compensation and benefits of all kinds paid to Corporate Officers during the year or allocated in respect of their duties in 2019. The report must also: disclose any compensation paid or granted by a company in the s scope of consolidation; enable comparison between (i) the compensation of the Executive s Corporate Officers ( i.e . the Executive Chairmen) and the non-Executive Chairman ( i.e . the Chairman of the Supervisory Board) on the one hand, and (ii) the average and median compensation of the Company’s employees on the other hand. This section presents the above-mentioned items, which will be the subject of an ex-post vote at the General Meeting of 24 April 2020 (see section 3.5.1). OVERVIEW OF COMPENSATION AND BENEFITS OF ALL KINDS FOR CORPORATE OFFICERS 3.5.2

3.5.2.1

All the fixed, variable and exceptional components comprising the total compensation and benefits of any kind paid in the course of or awarded in respect of 2019 to Mr Axel Dumas on the one hand and to Émile Hermès SARL on the other hand, on which the shareholders’ binding ex-post votes are based, are set out in the explanatory memorandum to the 8 th and 9 th resolutions to be put to the General Meeting of 24 April 2020 (pages 416). These components are consistent with the compensation policy for the Executive Chairmen presented in section 3.5.1.2 above. In accordance with the new framework for Senior Executive compensation created by Order 2019-1234 of 27 November 2019, which comes into force for your company as of the Combined General Meeting of 24 April 2020, these components of compensation will be submitted for shareholder approval for the first time at the said Meeting, and have therefore never previously been the subject of a compensation policy subject to an ex-ante vote by the shareholders. Compensation paid in 2019 All the fixed, variable and exceptional components comprising the total compensation and benefits of any kind paid in the course of 2019 to Mr Axel Dumas on the one hand and to Émile Hermès SARL on the other hand, in respect of their duties as Executive Chairmen, are set out in the explanatory memorandum to the 8 th and 9 th resolutions to be put to the General Meeting of 24 April 2020 (pages 416). These components are consistent with the compensation policy for the Executive Chairmen presented in section 3.5.1.2 above. Compensation awarded in respect of 2019 The variable compensation of the Executive Chairmen “awarded in respect of 2019 must, from 2020, be submitted to the approval of the General Meeting before its payment. All the fixed, variable and exceptional components comprising the total compensation and benefits of any kind allocated in respect of 2019 to Mr Axel Dumas on the one hand and to Émile Hermès SARL on the other hand, in respect of their duties as Executive Chairmen, are set out in the explanatory memorandum to the 8 th and 9 th resolutions to be put to the General Meeting of 24 April 2020 (pages 416). All these components are consistent with the compensation policy for the Executive Chairmen presented in section 3.5.1.2 above.

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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