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
Approved versus expected compensation of the Board of Directors
In accordance with the Articles of Association, the shareholders vote prospectively on the maximum total amount of compensation for the Board of Directors for the period until the next Annual General Meeting (AGM). The preceding table shows the compensation in the financial year. The table below shows the compensation in the period from AGM to AGM.
Compensation of the Executive Management
Additional information on the Compensation Report
The expenses of CHF 16ʼ308 for social security contributions are not reported for the individual Board members, as these contribtions do not give rise to additional pension entitlements. Members of the Board of Directors are not affiliated with the Companyʼs pension fund.
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.