Hermès // 2021 Universal Registration Document

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CORPORATE GOUVERNANCE EVALUATION OF THE SUPERVISORY BOARD AND COMMITTEES

ANNUAL DISCUSSION IN 2021 ON THE FUNCTIONING OF THE BOARD

3.7.3

EVALUATION OF THE SUPERVISORY BOARD

EVALUATION OF THE CAG-CSR COMMITTEE

3.7.3.1

3.7.3.2

IN 2021

IN 2021

In late 2021, the Chairman of the Supervisory Board met individually with each member of the Supervisory Board in order to discuss the functioning of the Board since the last assessment and to assess the individual contribution of its members. Positive points: The summary of these meetings shows a very positive assessment of the Board’s operations. The members praised: the general functioning of the Board, the quality of presentations and s reporting, the time allocated to discussions, freedom of expression, the quality of the information shared, openness to dialogue with management; the very high quality of the reports on the work carried out by the s specialised committees; the quality of the Board files, the improvement in the deadline for s sending documents, the proper delivery of advice under the conditions imposed by Covid-19 (video/mixed); they also showed a keen interest in specific presentations dedicated s to in-depth topics as well as site visits, which they consider very enriching. They would like to see this practice continue. Areas identified for improvement: Some members would like to see changes on the following points, which the Board has decided to adopt as areas for improvement for the future: continue to set a timetable and distribute it at least one year in s advance; reorganise the annual programme in order to avoid the review of a s major theme when a Joint Council is held.

As every year, in 2021 the CAG-CSR Committee discussed its operation. Positive points: This self-assessment showed that it was operating satisfactorily. The Committee members acknowledged that the areas for improvement identified during the 2020 evaluation of the work of the CAG-CSR Committee had been taken into account (see § 3.7.2.2). Areas identified for improvement: No new areas were identified for improvement. As every year, in 2021 the Audit and Risk Committee discussed its operation. Positive points: This self-assessment showed that it was operating satisfactorily. The members of the Committee acknowledged that the areas for improvement identified during the 2020 evaluation of the work of the Audit and Risk Committee had been taken into account (see § 3.7.2.2). Areas identified for improvement: No new areas were identified for improvement. EVALUATION OF THE AUDIT AND RISK 3.7.3.3 COMMITTEE IN 2021

In view of the findings of the above analysis, the Supervisory Board deemed its functioning and that of its committees to be very satisfactory overall.

292 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL