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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
309
COMBINED GENERAL MEETING OF 6 JUNE 2017
8
STATUTORY AUDITORS’ REPORTS
g)
Employment contract of a Supervisory Board member
Person concerned
Mrs Julie Guerrand.
Nature, purpose and provisions
As authorised by the Supervisory Board at its meeting on 3 March
2011, Mrs Julie Guerrand has had an employment contract within the
framework of her duties at Hermès International. On 1 October 2014,
her employment contract was transferred to the Hermès Cuirs Précieux
division, where she took up new duties.
h)
Non-competition commitment of a former Corporate
Officer
Person concerned
Mr Patrick Thomas (former ExecutiveChairmanof Hermès International).
Nature, purpose and provisions
At itsmeeting on20November 2013, your Supervisory Boardauthorised
the signing of a non-competition commitment under the terms set out
below:
i)
for a period of ten years, Mr Patrick Thomas undertakes not to carry
out, whether personally or on behalf of third parties, any activity that
competes with that of Hermès International Group, and in particular
not to collaborate, in any capacity whatsoever and in any form what-
soever, with a company in the luxury sector that is active in the fol-
lowing geographical area: Europe and Asia;
ii)
this commitment not to compete took effect from the date of
Mr Thomas’s departure from the Group;
iii)
this commitment is compensated in the amount of €966,300 per
year for four years, on 1 February 2014, 2015, 2016 and 2017.
The amount paid by Hermès International in respect of 2016 was
€966,300.
Grounds for the Company’s best interest
Hermès International believed it to be in the interest of the Group that
Mr Patrick Thomas should not accept, after leaving the Group, any
assignments or functions (even non-executive) in companies liable to be
in competition with Hermès.
i)
Compensation of members of specialised committees
Persons concerned
s
Mrs Monique Cohen;
s
Mr Charles-Éric Bauer;
s
Mr Matthieu Dumas;
s
Mrs Sharon MacBeath;
s
Mr Renaud Momméja;
s
Mr Robert Peugeot;
s
Mrs Dominique Senequier;
s
Mrs Florence Woerth.
Nature, purpose and provisions
The compensation of the Audit Committee and the Compensation, Appointments and Governance Committee (CAG) members was set as follows,
from 2014:
In euros
Fixed annual amount
Maximum annual
variable amount
1
Maximum total
Audit Committee Chairman
20,000
-
20,000
Audit Committee members
4,000
6,000
10,000
CAG Committee Chairman
20,000
-
20,000
CAG Committee members
4,000
6,000
10,000
(1) Variable part calculated according to the attendance of the members.
For 2016, the total amount owedbyHermès International with regard to their dutieswas€97,000 for all members of these two specialised committees.
Paris and Neuilly-sur-Seine, 11 April 2017
The Statutory Auditors
PricewaterhouseCoopers Audit
Didier Kling & Associés
Christine Bouvry
Christophe Bonte
Didier Kling