Hermès // 2021 Universal Registration Document
COMBINED GENERAL MEETING OF 20 APRIL 2022 EXPLANATORY STATEMENTS AND DRAFT RESOLUTIONS
Components of compensation submitted to the vote Gross annual variable compensation for 2022 (compensation set by the Articles of Association (“statutory compensation"))
Amount awarded in respect of financial year 2021 or accounting valuation
Amount paid during financial year 2021
Presentation
€ 1,259,430 of which 10% for achieving the CSR criterion
The gross annual variable compensation in 2022 of Émile Hermès SAS, awarded in respect of 2021, was determined by the Executive Management Board on 16 February 2022, in accordance with the compensation policy for the Executive Chairmen, and was subject to the deliberation of the Supervisory Board at its meeting of 18 February 2022. A portion of the variable compensation is subject to a “CSR” criterion representing the Group’s firm and ongoing commitments to sustainable development. The CAG-CSR Committee evaluated the level of achievement of the CSR criterion applicable at 10% of the variable compensation of the Executive Chairmen at its meeting of 7 January 2022 and noted that the three indicators making up the criterion were fully achieved. The details of this assessment can be found in the 2021 universal registration document (chapter 2 “Corporate governance”, § 3.8.2.1.2). Consequently, the variable compensation for financial year 2021 has been calculated by applying the change in the Company’s consolidated net income before tax for financial year 2021 compared with that of 2020, i.e. an increase of 73.2%, to the variable compensation paid in 2021 in respect of 2020. Payment of this compensation is subject to the approval of the General Meeting of 20 April 2022. The components of compensation detailed below all comply with the compensation policy for members of the Supervisory Board described in the 2021 universal registration document (chapter 3 “Corporate governance”, § 3.8.1.1 and § 3.8.1.3). The other information referred to in Article L. 22-10-9, I. of the French Commercial Code ( Code de commerce ), which is also subject to the global ex-post vote, is described in the 2021 universal registration document (chapter 3 “Corporate governance”, § 3.8.1, § 3.8.2 and § 3.8.4). In the seventh resolution, we ask that you approve this information for each of the Corporate Officers. The Chairman of the Supervisory Board is entitled to a fixed annual compensation of €140,000. This is deducted from the total amount of compensation awarded to the Supervisory Board by the General Meeting. He is not entitled to any variable compensation as he attends all Supervisory Board meetings. The principle of such compensation for the Chairman is not provided for. Presentation
Chairman of the Supervisory Board
Components of compensation submitted to the vote
Amount awarded in respect of financial year 2021 or accounting valuation
Amount paid during financial year 2021
7 th and 10 th resolutions (global and individual ex-post votes): Mr Éric de Seynes
Gross annual fixed compensation
€140,000
€140,000
Gross annual variable compensation Other components of compensation Other commitments
n/a
n/a
No other form of compensation is provided for.
n/a
No other commitments exist.
8
2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
485
Made with FlippingBook flipbook maker