6. Board of Directors: remuneration and share ownership in 2023
This section is audited by the external auditor.
The remuneration of the Board of Directors consists solely of a fixed remuneration paid out in the form of cash and non-discounted restricted shares. In 2023, members of the Board of Directors received a total remuneration of TCHF 2,287 (previous year TCHF 2,290). Remuneration for regular Board activities and committee assignments amounted to TCHF 2,100 (previous year TCHF 2,100). The structure of remuneration of the members of the Board of Directors has not changed compared to the previous year.
Please refer to the following table for details pertaining to the remuneration of members of the Board of Directors:
|
|
A. Baehny |
|
E. Zehnder‑Lai |
|
F. Ehrat |
|
B. Koch |
|
W. Karlen |
|
T. Bachmann |
|
Total |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
CHF |
|
CHF |
|
CHF |
|
CHF |
|
CHF |
|
CHF |
|
CHF |
||||
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Remuneration of the Board of Directors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Accrued remuneration 1 |
|
270,000 |
|
290,000 |
|
235,000 |
|
220,000 |
|
250,000 |
|
220,000 |
|
1,485,000 |
||||
Cash remuneration |
|
615,000 |
|
|
|
|
|
|
|
|
|
|
|
615,000 |
||||
Expenses |
|
15,000 |
|
15,000 |
|
15,000 |
|
15,000 |
|
15,000 |
|
15,000 |
|
90,000 |
||||
Contributions to social insurance |
|
43,042 |
|
13,818 |
|
8,967 |
|
10,866 |
|
12,118 |
|
8,572 |
|
97,383 |
||||
Total |
|
943,042 |
|
318,818 |
|
258,967 |
|
245,866 |
|
277,118 |
|
243,572 |
|
2,287,383 |
||||
|
||||||||||||||||||
|
|
CHF |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Remuneration of former members of the Board of Directors (none) |
|
|
||||||||||||
Accrued remuneration |
|
|
||||||||||||
Cash remuneration |
|
|
||||||||||||
Expenses |
|
|
||||||||||||
Contributions to social insurance |
|
|
||||||||||||
Total |
|
|
||||||||||||
|
|
A. Baehny |
|
E. Zehnder‑Lai |
|
F. Ehrat |
|
B. Koch |
|
W. Karlen |
|
T. Bachmann |
|
Total |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
CHF |
|
CHF |
|
CHF |
|
CHF |
|
CHF |
|
CHF |
|
CHF |
||||
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Remuneration of the Board of Directors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Accrued remuneration 1 |
|
270,000 |
|
290,000 |
|
235,000 |
|
220,000 |
|
250,000 |
|
220,000 |
|
1,485,000 |
||||
Cash remuneration |
|
615,000 |
|
|
|
|
|
|
|
|
|
|
|
615,000 |
||||
Expenses |
|
15,000 |
|
15,000 |
|
15,000 |
|
15,000 |
|
15,000 |
|
15,000 |
|
90,000 |
||||
Contributions to social insurance |
|
43,042 |
|
13,790 |
|
8,969 |
|
10,849 |
|
12,137 |
|
10,849 |
|
99,636 |
||||
Total |
|
943,042 |
|
318,790 |
|
258,969 |
|
245,849 |
|
277,137 |
|
245,849 |
|
2,289,636 |
||||
|
||||||||||||||||||
|
|
CHF |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Remuneration of former members of the Board of Directors (none) |
|
|
||||||||||||
Accrued remuneration |
|
|
||||||||||||
Cash remuneration |
|
|
||||||||||||
Expenses |
|
|
||||||||||||
Contributions to social insurance |
|
|
||||||||||||
Total |
|
|
||||||||||||
For the period from the 2023 Annual General Meeting to the 2024 Annual General Meeting, the remuneration paid to the Board of Directors is expected to amount to CHF 2,286,809. This is within the limit of CHF 2,350,000 approved by the 2023 Annual General Meeting.
Reconciliation between the reported Board remuneration and the amount approved by the shareholders at the Annual General Meeting
(in CHF) |
|
1 1 |
|
2 2 |
|
3 3 |
|
4 4 |
|
5 5 |
|
6 6 |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGM 2023–AGM 2024 |
|
2023 |
|
1 Jan 2023 to 2023 AGM |
|
1 Jan 2024 to 2024 AGM |
|
2023 AGM to 2024 AGM |
|
AGM 2023 |
|
AGM 2023 |
||||||||||||||
Board of Directors (Total) |
|
2,287,383 |
|
-572,409 |
|
571,835 |
|
2,286,809 |
|
2,350,000 |
|
97% |
||||||||||||||
AGM 2022–AGM 2023 |
|
2022 |
|
1 Jan 2022 to 2022 AGM |
|
1 Jan 2023 to 2023 AGM |
|
2022 AGM to 2023 AGM |
|
AGM 2022 |
|
AGM 2022 |
||||||||||||||
Board of Directors (Total) |
|
2,289,636 |
|
-573,433 |
|
572,409 |
|
2,288,612 |
|
2,350,000 |
|
97% |
||||||||||||||
|
||||||||||||||||||||||||||
As of the end of 2023 and 2022, the members of the Board of Directors held the following shares in the company:
|
|
A. Baehny |
|
E. Zehnder‑Lai |
|
F. Ehrat |
|
B. Koch |
|
W. Karlen |
|
T. Bachmann |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholdings Board of Directors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
115,304 |
|
2,735 |
|
5,405 |
|
1,580 |
|
1,177 |
|
945 |
|
127,146 |
Share of voting rights |
|
0.33% |
|
< 0.1% |
|
< 0.1% |
|
< 0.1% |
|
< 0.1% |
|
< 0.1% |
|
0.36% |
|
|
A. Baehny |
|
E. Zehnder‑Lai |
|
F. Ehrat |
|
B. Koch |
|
W. Karlen |
|
T. Bachmann |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholdings Board of Directors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
114,776 |
|
2,171 |
|
4,943 |
|
1,131 |
|
691 |
|
518 |
|
124,230 |
Share of voting rights |
|
0.32% |
|
< 0.1% |
|
< 0.1% |
|
< 0.1% |
|
< 0.1% |
|
< 0.1% |
|
0.35% |
As of 31 December 2023, and in compliance with the Articles of Incorporation of Geberit AG, there were no outstanding loans or credits between the company and the members of the Board of Directors, closely related parties or former members of the Board of Directors.