Hermès - Registration Document 2016

CORPORATE GOVERNANCE

REPORT FROM THE CHAIRMAN OF THE SUPERVISORY BOARD ON THE CORPORATE GOVERNANCE PRINCIPLES

Composition and operation of the Audit Committee as at 31 December 2016 The Audit Committee is composed of the following members:

Board”. It was amended in 2016 in order to align the composition and responsibilities of the Audit Committee with ordinance 2016-315 of 17 March 2016 on the statutory audit. These rules provide that at least half of the members of the Audit Committee must, at the time of their appointment and for the term their office, be qualified as independent under the Supervisory Board’s rules of procedure. Before each Audit Committee meeting, Audit Committee members are sent, in good time, with reasonable lead time and subject to confiden- tiality requirements, a file containing documentation on items on the agenda requiring prior analysis and review. In 2016, the Audit Committee met six times (as in 2015). Individual and average rates of attendance are indicated in the table on page 115.

Monique Cohen, Chairman; Charles-Éric Bauer, member; Sharon MacBeath, member; Renaud Momméja, member;

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s Robert Peugeot, member. The composition rules, duties and operating provisions of the Audit Committee are described in detail in the rules of procedure approved by the Supervisory Board, and have existed since 24 March 2010. Version No. 2 of the rules of procedure dated 8 July 2016 is provi- ded on page 135, and each update is made available on the website http://finance.hermes.com/ on the “Corporate Governance” tab, under “Management Bodies /The specialized committees of the Supervisory

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Summary presentation of the members of the Audit Committee

Specific expertise in financial and accounting matters

Date of appointment

Length of service on the committee

Name

Independent

Term of office

Monique Cohen (Chairman)

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√ 03/06/2014 √ 26/01/2005 √ 31/05/2016 √ 03/06/2008 √ 03/06/2008

2017 GM 3 years 2019 GM 12 years *

Charles-Éric Bauer Sharon MacBeath Renaud Momméja

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2019 GM

1 year

2017 GM 9 years 2018 GM 9 years

Robert Peugeot

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* Charles-Éric Bauer was appointed to the Audit Committee prior to his appointment to the Supervisory Board (prior to ordinance 2008-1278 of 8 December 2008, there was no law requiring Board membership).

2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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