Hermès // 2021 Universal Registration Document

CORPORATE GOUVERNANCE EVALUATION OF THE SUPERVISORY BOARD AND COMMITTEES

CHANGES SINCE THE LAST EVALUATIONS

3.7.2

THREE-YEARLY FORMAL EVALUATION IN 2019

the new digital questionnaire is easy to use and well-liked. s The improvements requested by the members of the Board during the previous evaluations have been implemented. The next formal self-assessment of the Board and committees will take place in 2022.

3.7.2.1

The results and areas identified for improvement during the last three-year formal self-assessment of the Supervisory Board and committees, which took place in 2019, are detailed in the 2019 universal registration document (pages 246 to 248). The analysis of the results of the last formal evaluation showed: a very positive assessment of the Board’s operations and work; s progress on many points since the last assessment in 2016 for both s the Board and the committees; all members made satisfactory individual contributions and were s sufficiently available;

ANNUAL INFORMAL EVALUATION IN 2020

3.7.2.2

At the time of the informal annual evaluation in 2020, the Supervisory Board considered that its operation and that of its committees continued to be very satisfactory. During the 2021 financial year, a number of actions were taken to meet the expectations expressed in 2020.

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Areas identified for improvement in the evaluation in 2020

Actions taken in 2021

Supervisory Board Better sharing of all pre- and post-meeting presentation materials and information on the subjects dealt with by the Board in previous years. An in-depth study of certain subjects: human resource challenges, the customer (journey and store experience), business sector, stock market experience.

Signed minutes and presentations made during meetings (except for confidentiality issues) are systematically distributed on Herboard .

A major annual theme “HR Strategy” was presented to the Board in 2021. Strengthening of HR challenges monitored by the CAG-CSR Committee (see below). A major annual theme, “Analysis of customer behaviour and the customer experience”, has been included in the Board’s agenda for 2022. Once a year, starting in 2022, a presentation will be made to the Board on the stock market performance of the Company over the past year, in comparison with its competitors. All SB members are members of the IFA and can request (via the secretary of the Board) that they follow one of their training courses.

The ability to follow additional training courses.

CAG-CSR Committee Continue to regularly address the topic of “talent management” while incorporating other issues such as the Group’s ability to absorb the growth in its workforce and the Group’s policy in the areas of inclusion and diversity. Audit and Risk Committee Receive more information in advance of meetings, have comparables with the practices of Audit Committees and benefit from being able to put financial operations (M&A) into perspective in the strategy.

The CAG-CSR Committee will regularly address the topic of “talent management” while integrating other HR challenges into the discussions. In 2021, the Committee was informed in particular of:

recruitment issues, employer brand and support for growth; s the Group’s approach to diversity, inclusion and gender equality. s

Presentations made during meetings (except for confidentiality issues) are systematically distributed on Herboard . An analysis of market practices (EY governance overview and the Grand Prix de la transparence criteria) was presented to the Audit and Risk Committee in 2021. Financial transactions are discussed when the annual and half-year financial statements are presented to the Committee.

2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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