HERMÈS - 2018 Registration document

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Corporate Governance

Supervisory Board’s report on corporate governance

These rules of procedure provide that at least half of the members of the CAG-CSR Committee must, at the time of their appointment and for the duration of their mandate, be qualified as independent under the Supervisory Board’s rules of procedure.

The Chairman of the Supervisory Board can be invited to certain CAG- CSR Committee meetings in order to hear its opinion in matters of appointments or governance, which was not the case in 2018. The Executive Chairmen are only invited for that part of meetings relating to the compensation of Executive Committee members (excluding the Executive Chairmen).

Summary presentation of the members of the CAG-CSR Committee at 31 December 2018

Length of service on the Committee

Name

Independent Date of appointment

Term of office on the Board

Dominique Senequier (Chairwoman)

√ 04/06/2013

2019 GM 2021 GM 2019 GM 2019 GM

6 years 11 years 2 years 11 years

Matthieu Dumas Sharon MacBeath Robert Peugeot

03/06/2008

√ 06/06/2017 √ 03/06/2008

Changes to the CAG-CSR Committee after 31 December 2018 Mr Robert Peugeot had served in his post for 12 years on 24 January 2019 and accordingly lost his independent member status of the Board under the criteria of the AFEP-MEDEF Corporate Governance Code. Ms Sharon MacBeath resigned from her office as a member of the Supervisory Board as of 20March2019, meaning that she also resigned from her office as a member of the CAG-CSR Committee on the same date. On the publication date of this Registration Document, the Board, in conjunction with the CAG-CSR Committee, is continuing its selection process in order to propose the appointment, at the General Meeting to

be held on 4 June 2019, of two new independent members to replace Mr Robert Peugeot and Ms Sharon MacBeath. These new members will be appointed members of the CAG-CSR Committee. Duties and activities of the CAG-CSR Committee in 2018 In 2018 the CAG-CSR Committeemet five times (as opposed to six times in 2017). Individual and average rates of attendance are indicated in the table on page 177.

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2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL