HERMES_REGISTRATION_DOCUMENT_2017

3

CORPORATE GOVERNANCE

SUPERVISORY BOARD’S REPORT ON CORPORATE GOVERNANCE

3.1

117 117 117

Corporate Governance Code

3.1.1

3.1.1.1 Corporate governance principles applied

3.1.1.2 Provisions of the November 2016 AFEP-MEDEF Corporate Governance Code not applied by virtue of the Company’s legal form or other reasons

117

Administrative and management bodies

119 119 119

3.1.2

3.1.2.1 Changes in 2017

3.1.2.2 Succession plan for senior executives

3.1.2.3 The Group’s management (role and composition, list of offices and functions performed)

119

Supervisory Board: composition and conditions governing the preparation and organisation of work

3.1.3

126

3.1.3.1 Table of changes in the composition of the Supervisory Board over the year 3.1.3.2 Succession plan for the Chairman of the Supervisory Board 3.1.3.3 Brief presentation of the members of the Supervisory Board

126 126 126 128 140 142 143 145 147 148 150 155 155 156

3.1.3.4 Composition of the Supervisory Board

3.1.3.5 Diversity policy

3.1.3.6 Independence of the members of the Supervisory Board

3.1.3.7 Business ethics of the Supervisory Board 3.1.3.8 Workings of the Supervisory Board 3.1.3.9 Work of the Supervisory Board 3.1.3.10 Assessment of the Supervisory Board

3.1.3.11 Specialised committees

Compensation and benefits paid to Corporate Officers

3.1.4

3.1.4.1 The Executive Chairmen

3.1.4.2 The Active Partner

3.1.4.3 The Supervisory Board,Audit Committee and Compensation, Appointments and Governance Committee 3.1.4.4 Tabular information on the compensation of Corporate Officers for disclosure in registration documents in accordance with AMF Recommendation 2009-16 amended on 13 April 2015

156

157

Related-party agreements and commitments

163

3.1.5

Summary table of the use of financial delegations of authority Capital structure and factors liable to affect the outcome of a public offering

3.1.6

163

3.1.7

169

Special terms and conditions for attending General Meetings

3.1.8

169

Appendices

3.1.9

169 169

3.1.9.1 Rules of procedure of the Supervisory Board

3.1.9.2 Rules of procedure of the Compensation,Appointments and Governance Committee

172 174

3.1.9.3 Rules of procedure of the Audit Committee

2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

115