HERMÈS - 2020 Universal registration document

3

CORPORATE GOVERNANCE SPECIALISED COMMITTEES

SPECIALISED COMMITTEES

3.5

APPLICABLE PRINCIPLES

3.5.1

Supervisory Board

Compensation, Appointments, Governance and CSR (CAG-CSR) Committee

Audit and Risk Committee

Since 2005, the Board has relied on the work of two permanent committees: the Audit Committee (26 January 2005), set up in application of s Article L. 823-19 of the French Commercial Code, whose remit was subsequently extended by the Board and which was renamed the Audit and Risk Committee (19 March 2019); the Compensation Committee (26 January 2005), which was s subsequently assigned new duties and responsibilities by the The Company’s CAG-CSR Committee is not tasked with setting the compensation of the Executive Chairmen, a task governed by the provisions of the Articles of Association and which falls within the remit of the Active Partner and not the Supervisory Board. It was therefore not relevant to create separate Compensation and Appointments Committees. The Supervisory Board decides on the composition of the specialised committees, taking into account the skills of the Board members in the areas in question and their availability, as well as the legal requirements (Article L. 823-19 of the French Commercial Code) and the recommendations of the Afep-Medef Code (see § 3.1.2).

Board and renamed the Compensation and Appointments (18 March 2009), Governance (20 January 2010) and CSR (16 November 2018) Committee or the “CAG-CSR Committee”. These committees act under the collective and exclusive responsibility of the Supervisory Board. Their role is to discuss, analyse and prepare for certain deliberations of the Board, to which they submit their opinions, proposals or recommendations.

TABLE OF CHANGES IN THE COMPOSITION OF THE COMMITTEES OVER THE FINANCIAL YEAR

3.5.1.1

The Supervisory Board meeting of 24 April 2020: reappointed Mss Monique Cohen (Chairwoman) and Estelle s Brachlianoff and Messrs Charles-Éric Bauer, Renaud Momméja and Alexandre Viros as members of the Audit and Risk Committee; reappointed Mss Dominique Senequier (Chairwoman) and Estelle s Brachlianoff and Mr Matthieu Dumas as members of the CAG-CSR Committee.

SUMMARY OF CHANGES IN 2020

DeparturesAppointments

Renewals

Audit and Risk Committee

Ms Monique Cohen, Chairwoman (24/04/2020) Ms Estelle Brachlianoff (24/04/2020) Mr Charles-Éric Bauer (24/04/2020) Mr Renaud Momméja (24/04/2020) Mr Alexandre Viros (24/04/2020) Ms Dominique Senequier, Chairwoman (24/04/2020) Ms Estelle Brachlianoff (24/04/2020) Mr Matthieu Dumas (24/04/2020)

CAG-CSR Committee

UPCOMING CHANGES IN COMMITTEES

3.5.1.2

The terms of office of Mssrs Matthieu Dumas and Alexandre Viros as members of the Supervisory Board expire in 2021. No change is currently planned in the composition of the committees, subject to the renewal of their terms of office by the General Meeting of 4 May 2021.

282 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL