HERMÈS - 2020 Universal registration document

CORPORATE GOVERNANCE ORGANISATION OF THE SUPERVISORY BOARD

At the end of 2020, the Supervisory Board reviewed and approved the diversity policy applied to the members of the Supervisory Board, taking into account the changes in the composition of the Board in recent years, as follows:

SUMMARY TABLE OF THE DIVERSITY POLICY APPLIED TO MEMBERS OF THE SUPERVISORY BOARD

3.3.2.2

Size (number of Board members)

Pursuant to Article 18.1 of the Articles of Association, the Supervisory Board comprises between three and 15 members appointed by the General Meeting. Objective: Maintain the size of the Board at 14 members, which is satisfactory, ensures a balanced representation of men and women, meets the legal obligation to appoint two members representing employees and fulfils the market recommendations in terms of proportion of independent members. This objective could be reconsidered if new constraints lead to the need to review the size of the Board. Implementation procedures and results obtained: Since November 2019 the Board has comprised 12 members appointed by the General Meeting and two members representing employees, appointed by the Group Works Council. Age Pursuant to Article 18.3 of the Articles of Association, the number of members aged over 75 cannot exceed one-third of the total. Objective: Maintain the current statutory age limit rule, which is satisfactory. Implementation procedures and results obtained: At 31 December 2020: no member was over the age of 75; s the members of the Board were between the ages of 37 and 67; s the average age of Board members was 52; s as shown in the "Age" chart on page 224 the breakdown of age groups within the Board is balanced. s Gender parity 1

14 members

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average age: 52 years

50% women 1

Article L. 22-10-74 of the French Commercial Code requires a minimum of 40% of each gender. Objective: Maintain a proportion of women and men in line with legal requirements. Implementation procedures and results obtained: Since the end of 2017: 50% women and 50% men; the legal requirement is therefore exceeded.

Number of independent members 1 In accordance with Article 9.3 of the Afep-Medef Code updated in January 2020, independent members must make up at least one-third of the Supervisory Board in controlled companies as defined by Article L. 233-3 of the French Commercial Code. This minimum proportion has been included in the Supervisory Board’s rules of procedure (Article 1.1.2.3). Objective: Maintain the proportion of independent members, which is satisfactory and complies with market recommendations. Implementation procedures and results obtained: The proportion of one-third independent members has been met since it was introduced in 2009, i.e. at 31 December 2020, four out of 12 members appointed by the General Meeting. Only Board members appointed by the General Meeting are included in the calculation of the percentages of women members (Article L. 225-79, II of the French (1) Commercial Code (Code de commerce)) and independent members (Afep-Medef Code – Article 9.3), not employee representatives. 1/3 independent

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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