Hermès - Registration Document 2016

120 / 330

2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL 120
CORPORATE GOVERNANCE 3 REPORT FROM THE CHAIRMAN OF THE SUPERVISORY BOARD ON THE CORPORATE GOVERNANCE PRINCIPLES
3.2.2.8 Specialised committees
Since 2005, two specialised committees have been created:
s the Audit Committee (26 January 2005);
s the Compensation Committee (26 January 2005), to which the
Board subsequently decided to assign new duties and responsibili-
ties, was renamed “Compensation and Appointments Committee” on
18March 2009 and “Compensation, Appointments andGovernance
Committee” (CAG Committee) on 20 January 2010.
These committees act under the collectiveandexclusive responsibility of
the Supervisory Board. Their role is to research and to prepare for certain
deliberations of theBoard, towhich they submit their opinions, proposals
or recommendations.
Table of changes in the composition of the committees over the
year
At its meeting of 31 May 2016, the Supervisory Board:
s reappointedMoniqueCohen(Chairman),Charles-ÉricBauer,Renaud
Momméja and Robert Peugeot as members of the Audit Committee;
s appointed Sharon MacBeath as a new member of the Audit
Committee to replace Florence Woerth, whose term as member of
the Supervisory Board was due to expire;
s reappointedDominique Senequier (Chairman), MatthieuDumas and
Robert Peugeot as members of the CAG Committee.
Date Departures Appointments Renewals
Audit Committee 31/05/2016 Florence Woerth Sharon MacBeath Monique Cohen
Charles-Éric Bauer
Renaud Momméja
Robert Peugeot
CAG Committee 31/05/2016 Dominique Senequier
Matthieu Dumas
Robert Peugeot
Composition and operation of the CAG Committee as at
31 December 2016
The CAG Committee is composed of the following members:
s Dominique Senequier, Chairman;
s Matthieu Dumas, member;
s Robert Peugeot, member.
The composition rules, duties and operating provisions of the CAG
Committee are described in detail in the rules of procedure approved
by the Supervisory Board, and have existed since 24 March 2010.
Version No. 5 of the rules of procedure dated 22 March 2016 is pro-
vided on page 133, and each update is made available on the website
/ on the “Corporate Governance” tab, under
“Management Bodies/Supervisory Board”.
The Chairman of the Supervisory Board can be invited to certain CAG
Committee meetings in order to provide their opinion in matters of
appointments or governance, which was not the case in 2016.
The Executive Chairmen are only invited for that part of themeetings rela-
ting to the compensation of Executive Committee members (excluding
the Executive Chairmen).
Summary presentation of the members of the CAG Committee
Name Independent Date of appointment Term of office
Length of service on the
committee
Dominique Senequier (Chairman) √ 04/06/2013 2019 GM 4 years
Matthieu Dumas 03/06/2008 2018 GM 9 years
Robert Peugeot √ 03/06/2008 2018 GM 9 years