HERMÈS - 2018 Registration document

Corporate Governance

Supervisory Board’s report on corporate governance

s s IFA / ETHICS & BOARD – First barometer on the composition of the Boards of CAC 40 listed companies after general meetings (June 2018); s s IFA – Document on the Sapin II law, the sections relating to combating corruption, whistle blowers and voting on Senior Executive compensation (April 2018); s s CLUB DES JURISTES – «Le rôle sociétal de l’entreprise» (April 2018); s s IFA – Document on GDPR (April 2018); s s AFEP – Assessment of GMs (July 2018); s s FINANCIAL ANALYSIS – «Gouvernance le 2ème âge de la transparence» (July 2018); s s IFA – Revision of the UK corporate governance code (July 2018); s s BASIC – «L’impact sociétal des grandes entreprises françaises» (June 2018); s s AFEP-MEDEF – Corporate Governance Code revised in June 2018; s s AFG Recommendations on Corporate Governance (January 2018); s s AFEP-MEDEF 2018 study on Hermès International’s application of the code (governance); s s AMF – Report of the working group on the rights of shareholders and voting at general meetings (July 2018); s s AMF – General meetings of listed companies – DOC -2012-05 amended on 5 October 2018: review of Hermès International’s practices and follow up actions; s s IFA – Practical guide for directors regarding their legal liability; s s 2018 AFEP-MEDEF HCGE annual report on Hermès International’s practices (analysis and recommendations); s s France Board Index 2018 – SpencerStuart; s s 2018 EY LABRADOR governance overview: Hermès International’s rating. n/a in 2018 (the new missions of the CAG-CSR Committee in CSR matters were granted to it on 16 November 2018 and no meeting of this committee was held prior to 31 December 2018. s s In early 2018 the CAG-CSR Committee conducted a self-assessment of its work and functioning and deemed them very satisfactory overall. The Audit and Risk Committee’s rules of procedure were updated on 16 November 2018 and 19 March 2019 in order to: s s assign to it two new duties relating to risk exposure and the preven- tion of corruption: • • regularly review opportunities and exposure to risks such as finan- cial, legal, operational, social and environmental risks, as well as the measures taken in the light of these, • • ensure the implementation of a system for the prevention and detection of corruption and influence-peddling; s s include the new provisions of Articles 1 and 15.2 of the AFEP-MEDEF Code revised in June 2018 (§ 2.1, 2.2 and 2.3.) ; s s rename it the "Audit and Risk Committee". The fifth version of the rules of procedure dated 19 March 2019 is set out in full on page 212 and each update ismade available online at ht tps ://finance.hermes.com/en/Corporate - Governance/ Management-Bodies/The-Specialized-Committees-of-the-Supervisory- Board. With respect to CSR

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With respect to CSR

s s assist the Supervisory Board in monitoring issues relating to CSR so that the Hermès Group can better foresee and tackle opportunities, challenges and the related risks; s s assist the Supervisory Board in monitoring the Hermès Group’s social policy and the non-discrimination and diversity policy. s s AUDIT AND RISK COMMITTEE Composition and functioning of the Audit and Risk Committee at 31 December 2018 The Audit and Risk Committee comprises the following members: s s Ms Dominique Senequier, Chairwoman (independent); s s Mr Charles-Éric Bauer, member; s s Ms Sharon MacBeath, member (independent); s s Mr Renaud Momméja, member; s s Mr Robert Peugeot, member (independent). Ms Sharon MacBeath resigned from her position as a member of the Supervisory Board as of 20 March 2019, and consequently also resigned fromher position as amember of the Audit and Risk Committee on the same date. The composition rules, duties and operating provisions of the Audit and Risk Committee are described in detail in the rules of procedure appro- ved by the Supervisory Board, which have existed since 24March 2010. These rules of procedure are revised on a regular basis to be in line with revisions of the AFEP-MEDEF Code and the regulatory environment.

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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