HERMÈS - 2020 Universal registration document

4 RISKS AND CONTROL RISK FACTORS 4.1 Risks related to strategy and operations 4.1.1

AFR

324 326

Industrial risks

4.1.2

331

Legal and regulatory risks

4.1.3

335

Risks related to social, societal and environmental responsibility

4.1.4

336

Financial risks

4.1.5

340

INSURANCE POLICY AND RISK HEDGING

4.2

343

RISK MANAGEMENT, INTERNAL CONTROL AND INTERNAL AUDIT

4.3

344 344

Control environment

4.3.1

Parties responsible for risk management and internal control

4.3.2

344

Risk management system Internal control system

4.3.3

346

4.3.4

347

Internal audit system

4.3.5

350

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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