5 Compensation of the Board of Directors for the 2020/2021 term of office
At the AGM on April 22, 2020, a maximum total amount of CHF 1.6 million was approved for the Board of Directors for the term of office up to the 2021 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 2020/2021 term of office, the members of the Board of Directors received total compensation of CHF 1.3 million. This total corresponds with the total sum approved and is CHF 0.1 million less than the previous year, despite the new committees that were formed in connection with the strategic reorientation and the associated additional expenses. The fixed base compensation of the Board of Directors includes a total of 514 shares, which are 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 5,000 per year (CHF 21,600 for the Chairman). The business unit committees established in 2019 on which Urs Riedener (Mammut), Michael König (FoamPartner) and Roland Abt (Bystronic) sit continued in 2020. The committee members were remunerated to the same extent as the Audit and Personnel Committee with CHF 10,000. Roland Abt also received CHF 10,000 for his additional work in connection with the dissolution of the Conzzeta pension fund; the costs are borne by the pension fund and are not shown in the Compensation Report.
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 2020/2021 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 |
199.2 |
|
200.8 |
|
|
|
41.0 |
|
441.0 |
|
|
Roland Abt, Member |
44.0 |
|
51.0 |
|
30.0 |
|
17.6 |
|
142.6 |
|
|
Matthias Auer, Member |
44.0 |
|
51.0 |
|
10.0 |
|
9.2 |
|
114.2 |
|
|
Michael König, Member |
44.0 |
|
51.0 |
|
10.0 |
|
15.3 |
|
120.3 |
|
|
Philip Mosimann, Member |
44.0 |
|
51.0 |
|
20.0 |
|
9.8 |
|
124.8 |
|
|
Urs Riedener, Member |
44.0 |
|
51.0 |
|
20.0 |
|
16.5 |
|
131.5 |
|
|
Jacob Schmidheiny, Member |
44.0 |
|
51.0 |
|
|
|
8.7 |
|
103.7 |
|
|
Robert F. Spoerry, Member |
44.0 |
|
51.0 |
|
10.0 |
|
15.3 |
|
120.3 |
|
|
Total |
507.0 |
|
558.0 |
|
100.0 |
|
133.4 |
|
1,298.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Shares allocated at a price of CHF 1,085.53 (rounded up to the next whole number of shares)
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