1Introduction

This remuneration report details Cicor’s remuneration policy, covering all key elements and general principles and outlines the responsibilities with regard to planning, approval framework and implementation. It also contains detailed information on the remuneration of the Board of Directors and the Group Management for financial years 2022 and 2021.

This remuneration report meets the requirements of the “Swiss Ordinance against Excessive Compensation in Listed Stock Companies” (VegüV), the standards relating to information on corporate governance issued by SIX Swiss Exchange and the principles of the economiesuisse “Swiss Code of Best Practice for Corporate Governance”.

The Company’s Articles of Association contain the following provisions on remuneration as required by VegüV:

• Provisions on the approval of the maximum total amounts of remuneration of the Board of Directors and Group Management in paragraph 32 bis;
• Provisions on the remuneration system of the Board of Directors (paragraph 32 quater) and on the remuneration system of the Group Management (paragraph 32 quinquies);
• Provisions on the additional amount for individuals that became member of the Group Management after the remuneration has been approved by the General Meeting (paragraph 32 ter).