Hermès // 2021 Universal Registration Document

CORPORATE GOUVERNANCE FUNCTIONING OF THE SUPERVISORY BOARD

MAIN DUTIES OF THE SUPERVISORY BOARD AND WORK CARRIED OUT IN 2021

3.5.4

The purpose and nature of the main duties and work carried out by the Supervisory Board in 2021 were as follows:

Main duties and work carried out in 2021 1

Purpose

be informed by the Executive Management of the Group’s situation related to Covid-19; s take note of the procedures for the General Meeting to be held in closed session. s

Work related to the health crisis

be updated on the Group’s activities by the Executive Management at each meeting; s be given a presentation by the Executive Management on the annual and half-year consolidated financial s statements and parent company financial statements and related draft financial press releases; be informed about the Company’s financial position, cash position and commitments; s be informed of the Statutory Auditors’ conclusions relating to the annual and half-year consolidated financial s statements; review the budget for each financial year; s review documents on forecasting and planning; s review the situation of certain affiliates; s formally note proposals for Group acquisitions, disposals and equity investments; s formally note investment proposals; s examine and/or approve the reports and work of the Audit and Risk Committee described in § 3.6.3.4; s regularly review, via the Audit and Risk Committee, the opportunities and risks, such as financial, legal, s operational, social and environmental risks, as well as the measures taken accordingly; be informed of changes in the composition of the Executive Committee [n/a in 2021] ; • be informed of changes made by the Executive Management to the list of banks, the list of bank signatories and • the prudential rules; attend a presentation on foreign exchange and IFRS. • prepare the Supervisory Board’s corporate governance report; s prepare the Supervisory Board’s report to the General Meeting; s approve the explanatory statements and the resolutions put to the General Meeting and acquaint itself with the s reports drawn up by the Executive Management. decide how new independent members would be recruited and how the target profile would be defined [n/a in • 2021] ; approve the proposals of reappointment or replacement of members of the Supervisory Board to be considered at s the General Meeting; decide on the renewal of the duties of the Chairman and Vice-Chairwomen after the General Meeting; s decide on the renewal of the composition of the Audit and Risk Committee and the CAG-CSR Committee. s keep itself informed at each meeting of all transactions carried out by the Executive Chairmen pursuant to the s AMF’s position-recommendation set out in DOC-2016-08 “Guide to Permanent Information and Management of Inside Information”; examine and/or approve the reports and work of the CAG-CSR Committee described in § 3.6.2.4 and be informed s of governance news (AMF reports, Afep-Medef reports, HCGE report and application guide, IFA studies, etc.); approve the revised rules of procedure of the Supervisory Board, the CAG-CSR Committee and the Audit and Risk • Committee; review the annual report of the Chairman of the Supervisory Board on his duties with regard to shareholder s dialogue; take note of the gender equality objectives set by the Executive Management, as well as its implementation s methods and the results obtained; approve or refuse the acceptance by an Executive Chairman of any new office in a listed company [n/a in 2021] ; • ensure that the Executive Corporate Officers implemented a policy of non-discrimination and diversity, notably with s regard to the balanced representation of men and women on Governing bodies; decide on the diversity policy applied to the Supervisory Board (representation of women and men, nationalities, s ages, qualifications and professional experience, etc.); conduct a periodic self-assessment of its operation; s set the amount of preparation time allocated to the members of the Supervisory Board representing employees to s carry out their duties (minimum 15 hours per Board meeting); determine the content of the training programme to be followed by the members of the Supervisory Board s representing employees. be informed of the Executive Management’s decision to pay an interim dividend; s decide the proposed allocation of net income to be submitted to the General Meeting; s

Group activity and finance

3

General Meeting of 4 May 2021

Appointments

Governance

One-off or multi-year topics •

(1) Non-exhaustive list

Annual topics

s

2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

281