HERMES_REGISTRATION_DOCUMENT_2017

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CORPORATE GOVERNANCE

SUPERVISORY BOARD’S REPORT ON CORPORATE GOVERNANCE

Table of changes in the composition of the Committees over the year At its meeting of 6 June 2017 the Supervisory Board: s reappointed Monique Cohen (Chairwoman), Charles-Éric Bauer, Sharon MacBeath, Renaud Momméja and Robert Peugeot to the Audit Committee; s reappointed Dominique Senequier (Chairwoman), Matthieu Dumas and Robert Peugeot to the CAG Committee;

3.1.3.11 Specialised committees Two specialised committees were created in 2005:

s the Audit Committee on 26 January 2005;

s the Compensation Committee on 26 January 2005, subse- quently assigned new duties and responsibilities and renamed the Compensation and Appointments Committee on 18 March 2009 and then the Compensation, Appointments and Governance (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.

s appointed Sharon MacBeath to the CAG Committee.

Date

Departures

Appointments

Renewals

Audit Committee

06/06/2017

Monique Cohen Charles-Éric Bauer Sharon MacBeath Renaud Momméja Robert Peugeot Dominique Senequier Matthieu Dumas Robert Peugeot

CAG Committee

06/06/2017

Sharon MacBeath

Composition and workings of the CAG Committee at 31 December 2017 The CAG Committee comprises the following members:

http://finance.hermes.com/en/Corporate-Governance/Management- Bodies/The-Specialized-Committees-of-the-Supervisory-Board. The CAG Committee’s rules of procedure were updated on 20 March 2018 as follows: s a new governance duty was added, namely to ensure the existence of a succession plan for the Chairman of the 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 2017. The Executive Chairmen are only invited for that part of themeetings rela- ting to the compensation of Executive Committee members (excluding the Executive Chairmen). s a new and clearer format was adopted;

s Dominique Senequier, Chairwoman;

Matthieu Dumas, member; Sharon MacBeath, member;

s

s

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. The sixth version of the rules of procedure dated 20 March 2018 is provided on page 172 and each update is made available online at

Summary presentation of the members of the CAG Committee

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 2018 GM 2019 GM 2018 GM

5 years 10 years

Matthieu Dumas Sharon MacBeath Robert Peugeot

03/06/2008

√ 06/06/2017 √ 03/06/2008

1 year

10 years

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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL