4 Compensation of the Board of Directors
The following tables in Sections 4.1 and 4.2 list the compensation of individual members of the Board of Directors for the 2025/26 (8 members) and 2024/25 (8 members) terms of office.
4.1 Compensation of the Board of Directors for the 2025/2026 term of office
|
Compensation of Board of Directors for the 2025/2026 term of office (audited) |
|
Base fee in cash |
|
Base fee in shares 1 |
|
Committee fee / Additional fee |
|
Benefits |
|
Total compensation and benefits 2 |
|
|
|
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
|
Dr. Heinz O. Baumgartner Chairman of the Board of Directors |
|
175.0 |
|
175.2 |
|
0.0 |
|
42.0 |
|
392.2 |
|
|
Dr. Roland Abt 3 Chairman of the Audit Committee |
|
45.0 |
|
50.2 |
|
30.0 |
|
10.5 |
|
135.7 |
|
|
Dr. Matthias Auer Member of the Audit Committee |
|
45.0 |
|
50.2 |
|
15.0 |
|
9.6 |
|
119.8 |
|
|
Inge Delobelle Member of the Human Resources Committee |
|
45.0 |
|
50.2 |
|
15.0 |
|
5.0 |
|
115.2 |
|
|
Urs Riedener Chairman of the Human Resources Committee |
|
45.0 |
|
50.2 |
|
30.0 |
|
18.2 |
|
143.4 |
|
|
Felix Schmidheiny Member of the Audit Committee |
|
45.0 |
|
50.2 |
|
15.0 |
|
16.5 |
|
126.7 |
|
|
Robert F. Spoerry Member of the Human Resources Committee |
|
45.0 |
|
50.2 |
|
15.0 |
|
9.6 |
|
119.8 |
|
|
Eva Zauke |
|
45.0 |
|
50.2 |
|
10.0 |
4 |
5.0 |
|
110.2 |
|
|
Total |
|
490.0 |
|
526.6 |
|
130.0 |
|
116.4 |
|
1,263.0 |
|
1 In total, 1,993 shares will be transferred to members of the Board of Directors in April 2026, at the average share price of CHF 264.32; the transferred shares will remain restricted for a period of four years.
On April 15, 2025, the blocking on a total of 514 shares belonging to members of the Board of Directors at the time, as well as former members, was lifted; these were transferred in 2021.
2 The total compensation will be paid out to members of the Board of Directors in April 2026.
3 Dr. Roland Abt has been Chairman of the Board of Trustees of the Conzzeta Pension Fund since 2022. This function entitles him to a gross annual fee of CHF 15,000, which is not included in the amount disclosed.
4 The Board of Directors granted its member Eva Zauke an additional gross fee of CHF 10,000 as compensation for her additional efforts consulting in the area of software solutions.
4.2 Compensation of the Board of Directors for the 2024/2025 term of office
|
Compensation of Board of Directors for the 2024/2025 term of office (audited) |
|
Base fee in cash |
|
Base fee in shares 1 |
|
Committee fee/ Additional fee |
|
Benefits |
|
Total compensation and benefits 2 |
|
|
|
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
CHF thousand |
|
|
Dr. Heinz O. Baumgartner Chairman of the Board of Directors |
|
175.0 |
|
175.3 |
|
0.0 |
|
46.2 |
|
396.5 |
|
|
Dr. Roland Abt 3 Chairman of the Audit Committee |
|
45.0 |
|
50.1 |
|
30.0 |
|
10.5 |
|
135.6 |
|
|
Dr. Matthias Auer Member of the Audit Committee |
|
0.0 |
4 |
50.1 |
|
15.0 |
|
7.1 |
|
72.2 |
|
|
Inge Delobelle Member of the Human Resources Committee |
|
45.0 |
|
50.1 |
|
15.0 |
|
5.0 |
|
115.1 |
|
|
Urs Riedener Chairman of the Human Resources Committee |
|
45.0 |
|
50.1 |
|
30.0 |
|
19.7 |
|
144.8 |
|
|
Felix Schmidheiny Member of the Audit Committee |
|
0.0 |
4 |
50.1 |
|
15.0 |
|
12.0 |
|
77.1 |
|
|
Robert F. Spoerry Member of the Human Resources Committee |
|
0.0 |
4 |
50.1 |
|
15.0 |
|
7.4 |
|
72.5 |
|
|
Eva Zauke |
|
45.0 |
|
50.1 |
|
10.0 |
5 |
17.1 |
|
122.2 |
|
|
Total |
|
355.0 |
|
526.0 |
|
130.0 |
|
125.0 |
|
1,136.0 |
|
1 In total, 1,659 shares were transferred to members of the Board of Directors in April 2025, at the average share price of CHF 316.91; the transferred shares will remain restricted for a period of four years.
On April 23, 2024, the blocking on a total of 535 shares belonging to members of the Board of Directors at the time, as well as former members, was lifted; these were transferred in 2020.
2 The total compensation was paid out to members of the Board of Directors in April 2025.
3 Dr. Roland Abt has been Chairman of the Board of Trustees of the Conzzeta Pension Fund since 2022. This function entitles him to a gross annual fee of CHF 15,000, which is not included in the amount disclosed.
4 Dr. Matthias Auer, Felix Schmidheiny, and Robert F. Spoerry, as members of the shareholder group Auer, Schmidheiny, and Spoerry, waived their base salary in cash for the 2024/2025 term of office.
5 The Board of Directors granted its member Eva Zauke an additional gross fee of CHF 10,000 as compensation for her additional efforts consulting in the area of software solutions.
4.3 Development of compensation paid to the Board of Directors
The total compensation of the Board of Directors increased during the reporting year by CHF 127,000 compared to the prior year due to the partial waiver of fees by the Board of Directors members Auer, Schmidheiny, and Spoerry in the previous term of office. No adjustments were made to the fees for the Board of Directors during the reporting year.
4.4 Compliance of compensation paid to the Board of Directors
At the Annual General Meeting on April 22, 2025, a maximum amount of CHF 1.40 million was approved for the total compensation and benefits for the Board of Directors for the 2025/2026 term of office; the actual total compensation and benefits for the members of the Board of Directors amounted to CHF 1.26 million (prior year CHF 1.14 million).
The compensation paid out is in accordance with Swiss law, the provisions of the Articles of Association, and the regulations for the compensation of the Board of Directors.
No loans or credits were granted to members of the Board of Directors or related parties in the reporting year.