90 / 330
2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
90
CORPORATE GOVERNANCE
3
ADMINISTRATIVE, MANAGEMENT, OR SUPERVISORY BODIES
3.1
ADMINISTRATIVE, MANAGEMENT, OR SUPERVISORY BODIES
3.1.1
INFORMATION ON CORPORATE
OFFICERS AND MEMBERS OF THE
EXECUTIVE COMMITTEE
Changes during financial year 2016
No changes took place in the Executive Management or the Executive
Committee in 2016.
Changes within the Supervisory Board are described on page 112.
Succession plan for Senior Executives
Every two years, a 360° Human Resources review known as the “Talent
Review” is performed in each subsidiary to:
s
identify, inademanding and selectiveway, Talents capable of occupy-
ing the highest responsibilities within the House;
s
support the development of Talents through targeted and ambitious
initiatives to create conditions fostering their performance, motiva-
tion and loyalty;
s
anticipate and manage possible changes (inter- and intra-subsidiary
mobility) and succession plans to ensure the sustainability of the
organisation and take Hermès into the future.
This talent reviewcovers the succession of themembers of the Executive
Committee. A summary and the action plans stemming from the 2016
talent review were presented to the Compensation, Appointments and
Governance Committee of the Supervisory Board (CAG Committee).
In addition, a succession plan has been drawn up for Executive
Management. It was submitted in 2016 to the CAG Committee, which
commended its quality and its appropriateness.
It should be noted that the existence of two Executive Chairmen, one of
which is a legal entity, guards against the Executive Management falling
vacant unexpectedly.
The CAG Committee has requested that the Talent Review be presented
to it every two years and that the Executive Management Succession
Plan be presented to it annually.
In 2017, the CAG Committee plans to review the succession plan for the
Chairman of the Supervisory Board.
3.1.1.1
Group management (role and composition)
The Active Partner and its Executive Management Board
Role
Composition as at 31/12/2016
The Active Partner is jointly and severally liable for all
theCompany’s debts, for an indefinite period of time.
The Active Partner has the authority to appoint or
revoke the powers of the Executive Chairman, after
receiving the reasoned opinion of the Supervisory
Board. The Active Partnermakes all decisions pertai-
ning to the Group’s strategic options, consolidated
operating and investment budgets, and recom-
mendations to the General Meeting with respect to
the distribution of share premiums, reserves and
retained earnings, on the recommendation of the
Supervisory Board. It may submit recommendations
to the ExecutiveManagement on any matter of gene-
ral interest to the Group. It authorises all company
loans, sureties, endorsements and guarantees,
any pledges of collateral and encumbrances on
the Company’s property, as well as the creation of
any company or acquisition of an interest whenever
the investment amounts to more than 10% of the
Group’s consolidated net worth.
s
Émile Hermès SARL
represented by its Executive
Management Board
Active Partner
s
Henri-Louis Bauer
Executive Chairman, Chairman and Member of the
Executive Management Board
s
Philippe Dumas
Vice-Chairman and member of the Executive
Management Board
s
Pascale Mussard
Vice-Chairman (since 20 June 2016, replacing
Hubert Guerrand, who died on 25 May 2016) and
member of the Executive Management Board
s
Sandrine Brekke
s
Frédéric Dumas
s
Édouard Guerrand
s
Agnès Harth
s
Laurent E. Momméja
s
Jean-Baptiste Puech
s
Guillaume de Seynes
Other members of the Executive Management
Board