Hermès // CSR Extract 2023
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ADDITIONAL INFORMATION GLOSSARY
Dividends Portion of the Company’s profits, retained earnings or reserves that the General Meeting, on a recommendation by the Supervisory Board, decides to distribute to the shareholders. The dividend represents the share earnings, and its amount varies each year depending on the Company’s results and the policy it adopts. Double voting rights The double voting right departs from the legal principle that the number of votes attaching to shares must be proportional to the share of capital they represent (principle of “one share one vote”). A double voting right is granted: to any fully‑paid Hermès International registered share which has been duly recorded on the books in the name of the same shareholder for a period of at least four years, and from the date of the first General Meeting following the fourth anniversary of the date when the share was registered on the books; and s to any Hermès International registered share allocated as a bonus share to a shareholder, in the event of a capital increase by incorporation of amounts entered in share premium, reserve or retained earnings accounts, in proportion to existing shares carrying a double voting right. s The double voting right automatically ceases to exist in the conditions stipulated by law. Earnings per share This is a calculation done for stock market analysis obtained by dividing the Company’s net profit by the number of shares comprising the capital. EHS Environment, Health and Safety. Equity Capital belonging to the shareholders comprising equity subscriptions, profits left in reserves and income for the period. ESG Environment, Social and Governance ESRS European Sustainability Reporting Standards, or European standards on sustainability information. Executive Chairman The role of the Executive Chairman consists in running the Group and acting in the general interests of the Company, within the limits of its corporate purpose and in compliance with the powers granted by law to the Supervisory Board and Shareholders’ General Meetings. Extraordinary dividend This is a dividend of an exceptionally high amount compared to the dividend ordinarily paid and which is not therefore recurrent. It may complete or replace the ordinary dividend.
French Financial Markets Authority (AMF) Financial markets authority regulating French financial market players and products. The authority regulates, authorises, monitors and, when necessary, audits, investigates and imposes sanctions. It also ensures that investors are correctly informed and offers investor assistance, where necessary, via its mediation procedure. The French Financial Markets Authority (AMF) is an independent public authority responsible for:
protection of savings invested in financial products; s investor information; s proper financial market operation. s
“Épargne Info Service” answers your questions about savings products, the stock market or the role of the AMF on +33 (0)1 53 45 62 00 (local call rates in France). General Meeting The General Meeting is a decision‑making body comprising all shareholders (Limited Partners). Except for the appointment and dismissal of members of the Supervisory Board, the appointment and dismissal of the Statutory Auditors, the allocation of profits for the financial year and the approval of agreements subject to authorisation, no decisions may be validly made by the General Meetings unless they are approved by the Active Partners at the latest by the end of the Meeting that voted on the decision in question. Global Reporting Initiative (GRI) The Global Reporting Initiative (GRI) is a non‑profit organisation. Its purpose is to raise sustainable development reporting methods to a level equivalent to that of financial reporting, for the sake of comparability, credibility, rigour, frequency and verifiability of the information communicated. Greenhouse gases Gases listed in Part 2 of Annex V to Regulation (EU) 2018/1999 of the European Parliament and of the Council. These gases include carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), sulphur hexafluoride (SF6), nitrogen trifluoride (NF3), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs). Growth in revenue at constant exchange rates Growth in revenue at constant exchange rates is calculated by applying, for each currency, the average exchange rates of the previous period to the revenue for the period. HCGE Corporate Governance High Committee ( Haut comité de gouvernement d’entreprise ), whose role is to conduct oversight of the application of the Afep‑Medef Code and to propose changes therein, subject to public consultation. Hermès family group The Hermès family group consists of the partners of Émile Hermès SAS, their spouses, children and grandchildren, and their direct and indirect holding companies of Hermès International and Émile Hermès SAS. The right to be a partner of Émile Hermès SAS is reserved for the descendants of Mr Émile‑Maurice Hermès and his wife, and their spouses, but only as usufructuaries of shares.
2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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