An ambitious and balanced governance
The Supervisory Board officially adopted the Afep-Medef recommendations on corporate governance in 2009, as it deemed these recommendations to be entirely in keeping with the Group’s corporate governance policy. This framework includes the Afep-Medef Corporate Governance Code for listed companies (available on the Afep website or the Medef website) and the application guide of the High Committee on Corporate Governance (HCGE) which explains the recommendations of this code.
Organisational structure of Hermès International
Two types of partners : Hermès International was converted into a société en commandite par actions (partnership limited by shares – SCA) by a decision of the Extraordinary General Meeting held on 27 December 1990, in order to preserve its identity and culture and thus ensure its sustainability over the long term, in the interests of the Group and all shareholders.
Governance by nature dissociated : The organisation of governance within an SCA follows the principle of the separation of powers. Executive powers are exercised by the Executive Management and control powers by the Supervisory Board. Hermès International’s governance therefore has a structure that is by nature dissociated.
This singular legal form, whose capital is divided into shares, brings together two types of partners.
HERMES FAMILY GROUP
Individuals and legal entities (H51,H2 and Emile HERMES SAS in particular)
Public
Active Partner
Limited Partners
emile hermes sas
Chairman of the Company and Chariman of the Executive Management Board
Mr Henri-Louis BauerExecutive Management Board
HERMES INTERNATIONAL
Executive Management
Mr Axel DumasEMILE HERMES SASSupervisory Board
Chairman
Mr Eric de SeynesGoverning Bodies
Executive Committee
Operations Committee