Hermès - Registration Document 2016

CORPORATE GOVERNANCE

ADMINISTRATIVE, MANAGEMENT, OR SUPERVISORY BODIES

Executive Management Role

Composition as at 31/12/2016

The Executive Chairmen are appointed by the Active Partner, after consultation with the Supervisory Board. In accordance with the Articles of Association, the Executive Management comprises oneor twoExecutiveChairmen, whoarenatural persons, either Active Partners or from outside the Company, each having the same powers and duties. The term of office of the Executive Chairmen is open-ended.

The Executive Management ensures the manage- ment of Hermès International. The role of the Executive Chairman is to manage the Group and act in its general interest, within the scope of the corporate purpose and subject to those powers expressly granted by law or by the Articles of Association to the Supervisory Board, to the Active Partner and to Shareholders’ General Meetings. The ExecutiveChairmendistributedtheirrolesasfollows: Axel Dumas is in charge of strategy and operational management, and Émile Hermès SARL, through its ExecutiveManagement Board, is responsible for the vision and strategic areas.

Executive Chairman

s Axel Dumas, appointed by decision of the Active Partner, on 4 June 2013 (effective on 5 June 2013). The company Émile Hermès SARL (represented by Henri-Louis Bauer), appointed by decision of the Active Partner on 14 February 2006 (effective on 1 April 2006). s

Executive Chairman

3

Shareholding obligations

At its meeting of 21 March 2017, the Supervisory Board decided that the Executive Chairmen should eachberequiredtoholdaminimumof1,000Hermès International shares pursuant to Article 22 of the AFEP-MEDEF Code revised in November 2016.

Executive Committee Role

Composition as at 31/12/2016

The Group management is comprised of the Executive Chairman and the Executive Committee, which consists of managing directors, each of whom has well-defined areas of responsibility. Its role is to oversee the Group’s strategic and ope- rational management.

Executive Chairman

Axel Dumas

s

Executive Vice President Sales & Distribution

Florian Craen

s

Executive Vice President Communication

Charlotte David

s

Artistic Executive Vice President

Pierre-Alexis Dumas

s

Executive Vice President of Governance and Organisational Development Executive Vice President of Digital Projects and E-commerce

Olivier Fournier

s

Wilfried Guerrand

s

Executive Vice President Finance

Éric du Halgouët

s

Executive Vice President Manufacturing division & Equity Investments

Guillaume de Seynes

s

2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

91