Compensation Report/Compensation report

COMPENSATION Report

Compensation of the Board of Directors

in CHF

 

Basic compensation

 

Total

 

 

 

 

 

Financial year 2023/24

 

 

 

 

Dr. Markus Wesnitzer, Chairman 1

 

130 000

 

130 000

Nicolas Gross, Member 2

 

52 500

 

52 500

Yves Rossier, Member 2 3

 

52 500

 

52 500

David Schärli, Member 4

 

52 500

 

52 500

Dr. Wolfgang Zürcher 5

 

37 500

 

37 500

Total Board of Directors

 

325 000

 

325 000

 

 

 

 

 

Financial year 2022/23

 

 

 

 

Dr. Wolfgang Zürcher, Chairman

 

150 000

 

150 000

Vladislav Osipov, Member 1

 

56 778

 

56 778

David Schärli, Member

 

70 000

 

70 000

Dr. Markus Wesnitzer, Member

 

70 000

 

70 000

Total Board of Directors

 

346 778

 

346 778

1 since 22 June 2023 Chairman, prior Member

2 since June 22, 2023

3 Board remuneration (plus VAT) paid to Tazio Consulting Sagl, Giubiasco

4 Fee waiver for the period January-March 2024

5 until June 22, 2023

6 until January 22, 2023

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.

in CHF

 

Approved AGM 2023 - AGM 2024

 

Expected AGM 2023 - AGM 2024

 

Approved AGM 2022 - AGM 2023

 

Expected AGM 2022 - AGM 2023

 

 

 

 

 

 

 

 

 

AGM approval year

 

2023

 

 

 

2022

 

 

Total compensation

 

400 000

 

342 500

 

400 000

 

329 278

 

 

 

 

 

 

 

 

 

Breakdown total compensation:

 

 

 

 

 

 

 

 

Basic compensation

 

400 000

 

342 500

 

400 000

 

329 278

 

 

 

 

 

 

 

 

 

Number of members of the Board of Directors

 

 

 

4

 

 

 

3 1

1 from 22 January 2023, three, previously four members of the Board of Directors

Compensation of the Executive Management

in CHF

 

Basic compensation

 

Bonus in cash

 

Employers contribution 1

 

Total

Financial year 2023/24

 

 

 

 

 

 

 

 

Roland Friederich, CEO/CFO

 

300 000

 

40 000

 

60 350

 

400 350

Total Executive Management

 

300 000

 

40 000

 

60 350

 

400 350

Compensation approved by the Annual General Meeting

 

 

 

 

 

 

 

600 000

 

 

 

 

 

 

 

 

 

Financial year 2022/23

 

 

 

 

 

 

 

 

Roland Friederich, CEO/CFO

 

300 000

 

75 000

 

63 767

 

438 767

Total Executive Management

 

300 000

 

75 000

 

63 767

 

438 767

Compensation approved by the Annual General Meeting

 

 

 

 

 

 

 

600 000

1 thereof contribution to pension schemes (AHV, pension fund) CHF 49'115 (prior year: CHF 50'339)

Additional information on the Compensation Report

Social security, expense reimbursements, loans and credits
The expenses of CHF 10 682 for social security contributions are not reported for the individual Board members, as these contributions do not give rise to additional pension entitlements. Members of the Board of Directors are not affiliated with the Company’s 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 and credits to current or former members of the board or management.

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

Activities outside the organisation - Board of Directors
Dr. Markus Wesnitzer Director of ICN Immobilien Consult Nürnberg GmbH & Co KG and does not perform any other activities.

David C. Schärli Owner and Managing Partner at Wiederkehr Associates as well as founder and Chairman of Concorde Industries AG.

Nicolas Gross is a lawyer, Advisor and Sr. Counsel at Exact Sciences International GmbH as well as Member of the Board of SAOC T/A Technologies SA.

Yves Rossier is Partner/Managing Director of Tazio Consulting GmbH, member of the Board of Directors of Prime Partners AG and Banque Cramer AG, Member of the Advisory Board of LLP Stadler Kazakhstan, and Senior Advisor at the Centre for Humanitarian Dialogue.

Activities outside the organisation - Executive Management
Roland Friederich does not exercise any other functions in addition to his activities for the Züblin Group.