Hermès // 2021 Universal Registration Document

3 CORPORATE GOUVERNANCE AFR SUPERVISORY BOARD CORPORATE GOVERNANCE REPORT 223

THE COMPANY’S CORPORATE GOVERNANCE CODE

3.1

223 223

Corporate governance principles applied

3.1.1

Provisions of the Afep-Medef Corporate Governance Code not applied and those

3.1.2

newly complied with

223

AMBITIOUS AND BALANCED GOVERNANCE

3.2

226 226

Organisational structure of Hermès International as at 31 December 2021

3.2.1

Two types of partners

3.2.2

227

Governance by nature dissociated

3.2.3

228

ADMINISTRATIVE AND MANAGEMENT BODIES The Active partner and its Executive Management Board

3.3

229 229

3.3.1

Executive Management

3.3.2

230

Governing bodies

3.3.3

234

Non-discrimination and diversity policy Succession plan for Senior Executives

3.3.4

238

3.3.5

240

ORGANISATION OF THE SUPERVISORY BOARD Key data on the Supervisory Board as at 31 December 2021

3.4

241 241

3.4.1

Applicable principles

3.4.2

242

Diversity policy applied within the Supervisory Board Succession plan for the Chairman of the Supervisory Board

3.4.3

244

3.4.4

246

Composition of the Supervisory Board

3.4.5

247

Independence of the members of the Supervisory Board

3.4.6

251

Supervisory Board ethics

3.4.7

253

Information on sitting members of the Supervisory Board

3.4.8

256

FUNCTIONING OF THE SUPERVISORY BOARD

3.5

276 276

Role of the Supervisory Board

3.5.1

Meetings of the Supervisory Board and the Joint Council Information and training of the Supervisory Board Main duties of the Supervisory Board and work carried out in 2021

3.5.2

277

3.5.3

278

3.5.4

281

Ethics and compliance – Personal data protection

3.5.5

282

Corporate social responsibility (CSR)

3.5.6

283

Compensation and reimbursement of expenses

3.5.7

283

SPECIALISED COMMITTEES

3.6

284 284

Applicable principles CAG-CSR Committee

3.6.1

3.6.2

285

Audit and Risk Committee

3.6.3

288

2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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