Hermès // 2022 CSR EXTRACT

3

CORPORATE GOVERNANCE COMPENSATION AND BENEFITS OF CORPORATE OFFICERS

OVERVIEW OF COMPENSATION AND BENEFITS OF ALL KINDS FOR CORPORATE OFFICERS

3.8.2

3.8.2.1.2 statement to the 8th and 9th resolutions”. These elements are all consistent with the compensation policy for the Executive Chairmen presented in § 3.8.1.1 and § 3.8.1.2 above and approved by the General Meeting of 20 April 2022. Compensation awarded in respect of financial year 2022 The 2023 variable compensation of the Executive Chairmen, awarded in respect of financial year 2022, must be submitted to the General Meeting for approval prior to payment. All fixed, variable and exceptional elements of the total compensation and benefits of any kind granted in respect of financial year 2022 to Mr Axel Dumas, on the one hand, and Émile Hermès SAS, on the other hand, in respect of their offices as Executive Chairmen, appear in chapter 8 “Combined General Meeting of 20 April 2023”, § 8.2.1 “Explanatory statement to the 8th and 9th resolutions”. These elements are all consistent with the compensation policy for the Executive Chairmen presented in § 3.8.1.1 and § 3.8.1.2 above and approved by the General Meeting of 20 April 2022. The CAG‑CSR Committee evaluated the level of achievement of the CSR criterion applicable to 10% of the variable compensation of the Executive Chairmen at its meeting of 9 January 2023 and noted that the three indicators making up the criterion were fully achieved (see table below). Consequently, the 2023 variable compensation, awarded in respect of financial year 2022, has been calculated by applying the change in the Company’s consolidated net income before tax for financial year 2022 compared with financial year 2021, i.e. an increase of +35.1%, to the variable compensation paid in 2022 in respect of 2021.

In accordance with the provisions of Article L. 22‑10‑77 of the French Commercial Code ( Code de commerce ), the corporate governance report must present all compensation and benefits of all kinds paid to Corporate Officers during the financial year or allocated in respect of

their duties in 2022. The report must also:

3.8.2.1 This section presents the aforementioned items, which will be subject to global and individual ex‑post votes at the General Meeting of 20 April 2023 (see chapter 8 “Combined General Meeting of 20 April 2023”, § 8.2.1 “Explanatory statement to the 7th to 10th resolutions”). COMPENSATION PAID TO THE EXECUTIVE enable comparison between (i) the compensation of the Executive Corporate Officers ( i.e. the Executive Chairmen) and the non‑Executive Chairman ( i.e. the Chairman of the Supervisory Board) on the one hand, and (ii) the average and median compensation of the Company’s employees on the other hand. s disclose any compensation paid or granted by a company in the scope of consolidation; s

CHAIRMEN OR GRANTED IN RESPECT OF THE 2022 FINANCIAL YEAR (EXECUTIVE CORPORATE OFFICERS) (ARTICLE L. 22‑10‑77 OF THE FRENCH COMMERCIAL CODE ( CODE DE COMMERCE )) Compensation paid in financial year 2022

3.8.2.1.1

All fixed, variable and exceptional elements of the total compensation and benefits of any kind paid during the 2022 financial year to Mr Axel Dumas, on the one hand, and Émile Hermès SAS, on the other hand, in respect of their offices as Executive Chairmen, appear in chapter 8 “Combined General Meeting of 20 April 2023”, § 8.2.1 “Explanatory

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

48 341

Made with FlippingBook Ebook Creator