HERMÈS - 2020 Universal registration document

CORPORATE GOVERNANCE ORGANISATION OF THE SUPERVISORY BOARD

It covers the following measures: prevention of insider trading; s stock market ethics; s abstention requirement (blackout periods); s reporting obligation. s This code is sent to all members of the Supervisory Board each time it is updated. The members of the Supervisory Board are subject to blackout periods. They are also required to report transactions in Hermès International shares to the AMF within three trading days. The AMF General Regulation provides that the reporting obligation only applies when the total amount of transactions carried out during the calendar year is greater than €20,000. The declarations made during 2020 are listed in chapter 7 “Information on the Company and its share capital”, § 7.2.3. They may seek the advice of the Compliance Officer prior to carrying out a transaction. The Supervisory Board’s rules of procedure (Article 1.1.3.8.) note that members of the Supervisory Board shall regularly and diligently take part in meetings of the Board and the specialised committees to which they belong. The compensation policy for members of the Supervisory Board established by the Board is described § 3.7.1.3. This policy includes a variable component proportional to attendance at meetings, which is currently 64.54% for the Supervisory Board and 60.00% for the specialised committees (see § 3.7.1.3.4). Barring an unforeseen obstacle or exceptional circumstances (and in particular the Covid-19 crisis), remote participation by telecommunication means should remain exceptional but is remunerated under the same conditions. During financial year 2020, eight meetings of the Supervisory Board (including one exceptional meeting), five meetings of the Audit and Risk Committee and six meetings of the CAG-CSR Committee were held, with the regular attendance of almost all members, as shown in the table below: Twelve of the 14 members attended all Board meetings. Each absence was justified by the relevant Board members. ATTENDANCE 3.3.6.4

The main provisions of the Supervisory Board and committee rules of procedure are set out in this chapter 3. The rules of procedure are organised in three chapters: Supervisory Board (composition, operation); s specialised committees of the Supervisory Board; s common provisions. s It details in particular the ethics principles during the holding of office: office and corporate interest; s compliance with laws and the Articles of Association; s duties: guiding principles; s independence, courage and duty of expression; s independence, business relationships and conflicts of interest; s integrity and loyalty; s professionalism and commitment. s The Supervisory Board rules of procedure were updated on 29 May 2020 (version no. 14), as follows: update of the revision date of the Afep-Medef Code (Article 1.1.2.1); s replacement of the term “Registration Document” by the term s “Universal Registration Document” (Article1.1.3.6); update of Article 3.1. on the compensation of Board members to take s into account the new legal regime resulting from Order no. 2019-1234 of 27 November 2019.

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COMMITTEE RULES OF PROCEDURE

3.3.6.2

The rules of procedure of the committees are described § 3.5.2.2 for the CAG-CSR Committee and 3.5.3.2 for the Audit and Risk Committee.

STOCK MARKET ETHICS CODE

3.3.6.3

On 1 February 2017, the Supervisory Board adopted a Hermès Group Stock Market Ethics Code as recommended by the AMF. Its purpose is to describe the measures put in place within the Hermès Group to prevent market abuse in Hermès International shares. This Stock Market Ethics Code is regularly reviewed to adapt to legislative and regulatory changes and to take into account the recommendations of the Financial Markets Authority (AMF). A summary of the Hermès Group’s Stock Market Ethics Code can be found in chapter 7 “Information on the Company and its share capital”, § 7.2.4. It is made available at each update at https://finance.hermes.com/ en/governing-bodies-rules-procedure-articles-association/.

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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