Comparison of remuneration disbursed with remuneration approved

Board of Directors

At the Annual General Assembly on 20 April 2022, a vote was held on the total remuneration for the Board of Directors and a maximum amount of CHF 1,000,000.00 was defined.

In accordance with the Articles of Incorporation, remuneration for the Board of Directors is approved prospectively for the period until the next ordinary Annual General Assembly. The table below compares the maximum amount of remuneration for the Board of Directors approved by the Annual General Assembly with the amounts actually disbursed in 2022.

The difference is due to the addition of a new member to the Board of Directors and a comparison of two different time periods.

Management Board

The maximum amount of the Management Board’s total remuneration for the 2022 fiscal year (CHF 5,100,000.00) was approved at the Annual General Assembly held on 21 April 2021. At the Annual General Assembly held on 20 April 2022, the  maximum amount of the Management Board's total remuneration was increased by CHF 450,000.00 to CHF 5,550,000.00. The table below compares the remuneration approved and disbursed in 2022.