Annual Report 2018

5 Compensation of the Board of Directors for the 2018/2019 term of office

At the Annual General Meeting on April 24, 2018, a maximum total amount of CHF 1.5 million was approved for the Board of Directors for the term of office up to the 2019 Annual General Meeting. This sum covers the fixed base compensation in cash and shares, the additional compensation for committee work, as well as additional benefits, including flat-rate expenses and social security contributions.

For the 2018/2019 term of office, the members of the Board of Directors received total compensation of CHF 1.3 million. This total is lower than the total sum approved and is slightly less than the previous year.

Around 50% of the base compensation of the Board of Directors will be in the form of shares which will be allocated at the end of April after the 2019 Annual General Meeting. A total of 669 shares were allocated to members of the Board of Directors for the 2018/2019 term of office (rounded up to the next whole number). These shares remain restricted for four years. Information on the shareholdings of members of the Board of Directors can be found in the notes to the financial statements of Conzzeta AG. The rest of the base compensation is awarded in cash together with the compensation for committee work. In addition, each member of the Board of Directors was paid flat-rate expenses of CHF 5ʼ000 per year (CHF 21ʼ600 for the Chairman). No loans or credits were granted to members of the Board of Directors or related parties in the reporting year. As of Monday, December 31, 2018, there were no outstanding loans or credit agreements between the company and the members of the Board of Directors or related parties.

Compensation of the Board of Directors for the 2018/2019 term of office

 

Fixed cash component

 

Share component 1

 

Committee work

 

Additional benefits

 

Total compensation

 

 

CHF thousand

 

CHF thousand

 

CHF thousand

 

CHF thousand

 

CHF thousand

 

 

 

 

 

 

 

 

 

 

 

 

Ernst Bärtschi, Chairman

199.2

 

200.8

 

 

 

41.0

 

441.0

 

Roland Abt, Member

44.4

 

50.6

 

20.0

 

16.5

 

131.5

 

Matthias Auer, Member

44.4

 

50.6

 

10.0

 

9.2

 

114.2

 

Werner Dubach, Member

44.4

 

50.6

 

10.0

 

9.2

 

114.2

 

Philip Mosimann, Member

44.4

 

50.6

 

20.0

 

16.5

 

131.5

 

Urs Riedener, Member

44.4

 

50.6

 

20.0

 

16.5

 

131.5

 

Jacob Schmidheiny, Member

44.4

 

50.6

 

 

 

8.7

 

103.7

 

Robert F. Spoerry, Member

44.4

 

50.6

 

10.0

 

15.4

 

120.4

 

Total

510.0

 

555.0

 

90.0

 

133.0

 

1 ’288.0

 

 

 

 

 

 

 

 

 

 

 

 

1 Shares allocated at a price of CHF 829.70 (rounded up to the next whole number of shares)

Compensation of the Board of Directors for the 2017/2018 term of office

 

Fixed cash component

 

Share component 1

 

Committee work

 

Additional benefits

 

Total compensation

 

 

CHF thousand

 

CHF thousand

 

CHF thousand

 

CHF thousand

 

CHF thousand

 

 

 

 

 

 

 

 

 

 

 

 

Ernst Bärtschi, Chairman

199.4

 

200.6

 

 

 

45.1

 

445.1

 

Roland Abt, Member

44.3

 

50.7

 

18.3

 

16.3

 

129.6

 

Matthias Auer, Member

44.3

 

50.7

 

10.0

 

15.4

 

120.4

 

Werner Dubach, Member

44.3

 

50.7

 

10.0

 

9.2

 

114.2

 

Philip Mosimann, Member

44.3

 

50.7

 

18.3

 

16.3

 

129.6

 

Urs Riedener, Member

44.3

 

50.7

 

20.0

 

16.5

 

131.5

 

Jacob Schmidheiny, Member

44.3

 

50.7

 

 

 

8.6

 

103.6

 

Robert F. Spoerry, Member

44.3

 

50.7

 

10.0

 

15.4

 

120.4

 

Total

509.5

 

555.5

 

86.6

 

142.8

 

1’294.40

 

 

 

 

 

 

 

 

 

 

 

 

1 Shares allocated at a price of CHF 1’034.20 (rounded down to the next whole number of shares)

Compensation of the Executive Committee Compensation System

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