1. Introduction
The Remuneration Report provides an overview of Geberit’s remuneration principles and programmes, as well as information about the determination method for the remuneration. It also includes the remuneration of the members of the Board of Directors and of the Group Executive Board for the business year 2023. The report provides the relevant information to be considered by the shareholders when making their decision regarding the votes on the remuneration of the Board of Directors and the Group Executive Board submitted to the 2024 Annual General Meeting for approval.
On 1 January 2023, the revised Swiss Company Law entered into force. Among other changes, the Ordinance against Excessive Compensation in Listed Stock Corporations was repealed and, with a few changes, transferred to the new law. This report is written in accordance with the requirements of the revised Swiss Company Law, the standards related to information on Corporate Governance issued by the SIX Swiss Exchange, as well as the principles of the Swiss Code of Best Practice for Corporate Governance of Economiesuisse.
The report is structured as follows:
- Introduction
- Foreword by the Chair of the Nomination and Compensation Committee
- Remuneration at a glance
- Determination of remuneration
- Remuneration architecture
- Board of Directors: remuneration and share ownership in 2023
- Group Executive Board: remuneration and share/option ownership in 2023
- Summary of share and option plans 2023
- Summary of shares and options held by management and employees as of 31 December 2023
- Functions held by members of the Board of Directors and by members of the Group Executive Board in other companies
- Report of the statutory auditor
For additional information on business development in 2023 see also Business and financial review.