Hermès // CSR Extract 2023

3

CORPORATE GOVERNANCE AFR

SUPERVISORY BOARD REPORT ON CORPORATE GOVERNANCE AFR

275

THE COMPANY’S CORPORATE GOVERNANCE CODE

275 275

3.1

Corporate governance principles applied

3.1.1 3.1.2

Provisions of the Afep‑Medef Corporate Governance Code not applied and those newly complied with

275

AMBITIOUS AND BALANCED GOVERNANCE

278

3.2

Organisational structure of Hermès International as at 31 December 2023

3.2.1

278 279 280 281 281 282 286 290 292 293 293 294 296 298 299 305 307 310 329 329 330 331 333 335 335 338 339 339 340 344

Two types of partners

3.2.2 3.2.3

Governance by nature dissociated

ADMINISTRATIVE AND MANAGEMENT BODIES The Active Partner and its Executive Management Board

3.3

3.3.1 3.3.2 3.3.3 3.3.4 3.3.5 3.4.1 3.4.2 3.4.3 3.4.4 3.4.5 3.4.6 3.4.7 3.4.8 3.5.1 3.5.2 3.5.3 3.5.4 3.5.5 3.5.6 3.5.7 3.4 3.5

Executive Management

Governing bodies

Non‑discrimination and diversity policy Succession plan for Senior Executives

ORGANISATION OF THE SUPERVISORY BOARD Key data on the Supervisory Board as at 31 December 2023

Applicable principles

Diversity policy applied within the Supervisory Board Succession plan for the Chairman of the Supervisory Board

Composition of the Supervisory Board

Independence of the members of the Supervisory Board

Supervisory Board ethics

Information on sitting members of the Supervisory Board

FUNCTIONING OF THE SUPERVISORY BOARD

Role of the Supervisory Board

Meetings of the Supervisory Board and the Joint Council Information and training of the Supervisory Board Main duties of the Supervisory Board and work carried out in 2023

Ethics and compliance – Personal data protection

Corporate social responsibility (CSR)

Compensation and reimbursement of expenses

SPECIALISED COMMITTEES

3.6

Applicable principles CAG‑CSR Committee

3.6.1 3.6.2 3.6.3

Audit and Risk Committee

2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

273