Compensation Report/Compensation report

COMPENSATION Report

The Compensation Report has been drawn up on the basis of articles 14 to 16 of the Ordinance against excessive pay in listed companies (Verordnung gegen übermässige Vergütungen bei börsenkotierten Aktiengesellschaften [VegüV]). It replaces the disclosures pursuant to Art. 663b of the Swiss Code of Obligations previously provided in the parent company financial statements of Züblin Immobilien Holding AG.

Compensation of the Board of Directors

in CHF

Basic compensation

Total

 

 

 

Financial year 2019/20

 

 

Dr. Wolfgang Zürcher, Chairman 1

130 000

130 000

Vladislav Osipov, Member

70 000

70 000

Dr. Markus Wesnitzer, Member

70 000

70 000

Dr. Iosif Bakaleynik 2

25 000

25 000

Total Board of Directors

295 000

295 000

Compensation approved by the Annual General Meeting

 

550 000

 

 

 

Financial year 2018/19

 

 

Dr. Iosif Bakaleynik, Chairman 2

100 000

100 000

Vladislav Osipov, Member

70 000

70 000

Dr. Markus Wesnitzer, Member

70 000

70 000

Dr. Wolfgang Zürcher, Member

70 000

70 000

Total Board of Directors

310 000

310 000

Compensation approved by the Annual General Meeting

 

550 000

1 As of 18.06.2019 elected chairman of the board, prior member

2 until 18.06.2019

Compensation of the Executive Management

in CHF

 

Basic compensation

Bonus in cash

 

Employers contributions 1

Total

Financial year 2019/20

 

 

 

 

 

 

Roland Friederich, CEO (since 15.7.2019) / CFO

 

276 988

0

 

52 004

328 992

Dr. Iosif Bakaleynik, CEO (until 14.7.2019)

 

312 498

0

 

53 676

366 174

Total Group Management

 

589 486

0

 

105 680

695 166

Compensation approved by the Annual General Meeting

 

 

 

 

 

1 500 000

 

 

 

 

 

 

 

Financial year 2018/19

 

 

 

 

 

 

Dr. Iosif Bakaleynik, CEO

 

507 813

250 000

 

109 390

867 203

Roland Friederich, CFO

 

220 000

110 000

 

51 029

381 029

Total Group Management

 

727 813

360 000

 

160 419

1 248 232

Compensation approved by the Annual General Meeting

 

 

 

 

 

1 800 000

1 thereof contribution to pension schemes (AHV, pension fund) CHF 82'586 (prior year: CHF 144'016)

Additional information on the Compensation Report

The expenses of CHF 16ʼ184 for social security contributions are not reported for the individual Board members, as these contribtions do not give rise to additional pension entitlements. No non-executive member of the Board of Directors is a member of the companyʼs pension fund.

All members of the Board of Directors and the Executive Management receive lump-sum expenses at the level permitted by the tax authorities. Expenses incurred in connection with board meetings and which are not covered by the lump-sum expenses are also reimbursed.

The company has no outstanding loans to current or former members of the board or management.

All expenses are recognized on the basis of the accrual principle and reconcile with the information in both the parent company and consolidated financial statements of Züblin Immobilien Holding AG.