5 Compensation of the Board of Directors for the 2019/2020 term of office
At the AGM on April 16, 2019, a maximum total amount of CHF 1.5 million was approved for the Board of Directors for the term of office up to the 2020 AGM. 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 2019/2020 term of office, the members of the Board of Directors received total compensation of CHF 1.4 million. This total corresponds with the total sum approved and is higher than the previous year due to additional committees newly created in connection with the strategic realignment and associated additional expenditure. The fixed base compensation of the Board of Directors includes a total of 589 shares, which are blocked 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 5,000 per year (CHF 21,600 for the Chairman). Michael König received a one-off cash payment of CHF 50,000 for attending meetings and consultations prior to his election as a member of the Board of Directors, which is not allocated to the 2019/2020 term of office.
No loans or credits were granted to members of the Board of Directors or related parties in the reporting year.
Compensation of the Board of Directors for the 2019/2020 term of office
|
|
Fixed cash component |
|
Share component 1 |
|
Committee work |
|
Additional benefits |
|
Total |
|
|
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ernst Bärtschi, Chairman |
219.0 |
|
221.0 |
|
|
|
42.9 |
|
482.9 |
|
|
Roland Abt, Member |
49.2 |
|
55.8 |
|
30.0 |
|
18.6 |
|
153.6 |
|
|
Matthias Auer, Member |
49.2 |
|
55.8 |
|
10.0 |
|
9.7 |
|
124.7 |
|
|
Michael König, Member 2 |
49.2 |
|
55.8 |
|
10.0 |
|
16.3 |
|
131.3 |
|
|
Philip Mosimann, Member |
49.2 |
|
55.8 |
|
30.0 |
|
10.8 |
|
145.8 |
|
|
Urs Riedener, Member |
49.2 |
|
55.8 |
|
20.0 |
|
17.4 |
|
142.4 |
|
|
Jacob Schmidheiny, Member |
49.2 |
|
55.8 |
|
|
|
9.2 |
|
114.2 |
|
|
Robert F. Spoerry, Member |
49.2 |
|
55.8 |
|
10.0 |
|
16.3 |
|
131.3 |
|
|
Total |
563.7 |
|
611.3 |
|
110.0 |
|
141.3 |
|
1,426.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Shares allocated at a price of CHF 1,052.15 (rounded up to the next whole number of shares)
2 Additional CHF 50'000.00 compensation for introductory phase
Compensation of the Board of Directors for the 2018/2019 term of office
|
|
Fixed cash component |
|
Share component 1 |
|
Committee work |
|
Additional benefits |
|
Total |
|
|
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ernst Bärtschi, Chairman |
199.3 |
|
200.8 |
|
|
|
41.0 |
|
441.1 |
|
|
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 |
|
555.1 |
|
90.0 |
|
132.9 |
|
1,288.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Shares allocated at a price of CHF 829.70 (rounded up to the next whole number of shares)