HERMÈS - 2020 Universal registration document

CORPORATE GOVERNANCE FUNCTIONING OF THE SUPERVISORY BOARD

MAIN DUTIES OF THE SUPERVISORY BOARD AND WORK CARRIED OUT IN 2020

3.4.3

The purpose and nature of the main duties and work carried out by the Supervisory Board in 2020 were as follows:

Purpose

Main duties and work carried out in 2020

be informed by the Executive Management of the Group’s situation related to Covid-19; s be informed by the Executive Chairmen of their waiver of the increase in their fixed and variable compensation s awarded in 2020; amend the ordinary dividend distribution proposal submitted to the General Meeting; s approve the amendments to the fourth, seventh, eighth and ninth resolutions submitted to the General Meeting; s take note of the procedures for the General Meeting to be held in closed session; s attend a presentation on the measures implemented to protect employees and customers of the Group’s stores in s the context of Covid-19. be updated on the Group’s activities by the Executive Management at each meeting; s be given a presentation by the Executive Management on the annual and interim consolidated financial s statements and parent company financial statements and related draft financial press releases; be informed about the Company’s financial position, cash position and commitments; s be informed of the Statutory Auditors’ conclusions relating to the annual and interim consolidated financial s statements; review the budget for each financial year; s review documents on forecasting and planning; s review the situation of certain affiliates; s formally note proposals for Group acquisitions, disposals and equity investments; s formally note investment proposals; s examine and/or approve the reports and work of the Audit and Risk Committee described § 3.5.3.4; s regularly review, via the Audit and Risk Committee, the opportunities and risks, such as financial, legal, s operational, social and environmental risks, as well as the measures taken accordingly; be informed of changes in the composition of the Executive Committee [n/a in 2020]; s be informed of changes made by the Executive Management to the list of banks, the list of bank signatories and s the prudential rules. prepare the Supervisory Board’s report on corporate governance; s prepare the Supervisory Board’s report to the General Meeting; s approve the explanatory statements and the resolutions put to the General Meeting and acquaint itself with the s reports drawn up by the Executive Management. decide how new independent members would be recruited and how the target profile would be defined [n/a in s 2020] ; approve the proposals of reappointment or replacement of members of the Supervisory Board to be considered at s the General Meeting; decide on the renewal of the duties of the Chairman and Vice-Chairmen after the General Meeting; s decide on the renewal of the composition of the Audit and Risk Committee and the CAG-CSR Committee and take s note of the reports prepared by the Executive Management. be informed of the Executive Management’s decision to pay an interim dividend; s decide the proposed allocation of net income to be submitted to the General Meeting; s

Work related to the health crisis

Group activity and finance

3

General Meeting of 24 April 2020

Appointments

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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