HERMÈS - 2018 Registration document

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Corporate Governance

Ethics – Compliance

The objective is to train all distribution subsidiary employees: whether their contract is fixed-term, permanent, temporary or as an intern, etc. and whatever their role (Group management, Management Committee, support, sales associates, stockists, cashiers, managers, etc.). Furthermore, two anti-corruption e-learning modules for sales teams have been introduced by subsidiaries in the United States and China. Sales associates can access an IT tool that clearly sets out what consti- tutes an act of corruption, what the risks of corruption are in their duties and how to deal with them. These e-learning sessions are followed by a comprehension and simulation exercise to ensure that sales staff have fully understood the risks of corruption and how to manage them. The Purchasing Department provides training for buyers and, in parti- cular, makes them aware of the risks of corruption in their daily tasks. The Audit and Risk Management Department trains its internal control- lers and participates in the Group training sessions in order to promote an awareness of risk management and internal control best practices amongst the management.

Network of compliance liaison officers within the Group

3.2.4.5

Legal teams located internationally, in particular in the United States, China, Japan, Singapore and India constitute the network of Compliance Liaison Officers and some of the Data Protection Liaison Officers. They act with the Group Compliance Department and with the Group Data Protection Officer in order to develop, facilitate, coordinate and monitor compliance programmes within the Group. Internal controllers and auditors also play a role in the implementation and monitoring of procedures on these subjects (see Risk Factors on page 36).

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2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL