- Letter from the Board of Directors
- Management report
- Key figures
- Foundations for success
- Business model
- Strategy 2030
- Risk management
- Stakeholders
- Organisation
- Sustainability
- ESG governance
- Material topics and SDGs
- Economic impact
- Environmental impact
- Social impact
- Governance
- Corporate Governance
- Board of Directors
- Management Board
- Additional information
- Remuneration
- Remuneration report
- Notes to the report
- CO reference table
- Statement by the Board of Directors
- GRI content index
- Due diligence and transparency
- Financial report 2023
- Vetropack Group
- Consolidated balance sheet
- Consolidated income statement
- Consolidated cash flow statement
- Changes in consolidated shareholders’ equity
- Consolidation principles
- Valuation principles
- Notes
- Ownership structure
- Company participations
- Five-year overview
- Vetropack Holding Ltd
- concerted exercise of voting rights at the Annual General Assembly;
- mutual tender obligation for the shares upon sale.
Annual report 2023 – Corporate GovernanceVetropack integrated annual report 2023 – Corporate Governance
Corporate governance
Introduction
The following explanations contain the material information for the Vetropack Group as laid out in the Directive Corporate Governance (DCG) issued by SIX Swiss Exchange on 29 June 2022.
Operational group structureRefer to the illustration here.
Group companiesFor shareholdings and their percentage breakdowns, refer to the illustration here.
Capital structureDetails of the share capital are provided here. For details of changes to capital structure within the last three years, refer to “Changes in consolidated shareholders’ equity”. Vetropack Holding Ltd does not issue options on participation rights.
DividentsRegistered shares A and registered shares B are entitled to dividends.
List of significant shareholders with holdings > 3%31.12.2023
31.12.2022
No. of registered shares A
No. of registered shares B
Voting rights in %
No. of registered shares A
No. of registered shares B
Voting rights in %
Cornaz shareholder group according to latest SIX notification
1 264 610
30 250 000
71.6
1 264 610
30 250 000
71.6
There is one shareholders’ agreement between the Cornaz AG-Holding shareholders and another between Cornaz AG-Holding and other shareholders.
The core elements of both agreements are as follows:
With regard to the voting shares indicated above, it should be noted that there is no obligation to report changes to the voting share which do not affect a threshold value. Accordingly, the number of voting shares disclosed above may differ from the notifications published on the SIX Exchange Regulation website in accordance with Arts. 120 ff, Financial Market Infrastructure Act (FinMIA). No disclosure reports as defined by Art. 120, FinMIA were submitted to the company in the reporting year. A notification was submitted to SIX on 19 September 2023 in accordance with Art. 121, FinMIA.
Detailed information on notifications in accordance with Arts. 120 ff, FinMIA can be accessed on the SIX Exchange Regulation website via the following link: https://www.ser-ag.com/en/resources/notifications-market-participants/significant-shareholders.html#/
- Vetropack Group
- Corporate Governance
- Governance
- Social impact
- Environmental impact